Jacksonville Real Estate Market

Jacksonville, Florida

Big Bank Foreclosure Delays Signal Big Trouble

“I would suspect that most responsible lenders are going to be looking at their processes and making sure that they’ve done everything properly, so they’re not subject to the same accusations and lawsuits,” says Laurie Maggiano, Policy Director in the …

Is Government About to Make Mortgage Market Even Worse?

Government purchase applications have been driving the market for the past year, accounting for, at times, nearly half of all new loans. That may be about to change.

Home Price Confusion Redux

Here we go again on home prices. Every time we get this report, we also get all kinds of questions from viewers/readers about why some media outlets report it one way and some another.

30-Yr Fixed Hampers Housing Recovery

Now we’re all about record low interest rates on the 30-year fixed, and that’s all we’re selling. The trouble is that we’re not selling it to everyone.

Former Fannie Mae Exec as White House Chief of Staff?

Donilon was part of the Obama transition team and served in the Clinton and Carter administrations. But one listing on his resume could cause President Obama and his vetting team a headache.

Fannie Mae Wants You to Buy

So it seems Fannie Mae is doing all it can to unload its massive quantities of REO inventory. When I say massive, I mean the 129,310 single family REOs it held at the end of Q2, which is more than twice what it was carrying at the end of Q2 2009.

Home Prices Worse Than Expected

Hme prices started to falter even before the tax credit had finished doing its work. The numbers for July show a 3.3 percent drop in home prices year over year, which is a lot lower than many expected and has some folks revising long term price expecta…

Builders Betting on Renters

Housing starts are a bright spot in the economy today, right? An unexpected 10.5 percent leap in the number of new homes started in August has everyone buzzing…How can this be after the National Association of Home Builders sentiment survey yesterday…

Foreclosures Hit Home Builders Hard

Despite the fact that luxury home builder Bob Toll has told me over and over again that foreclosures don’t compete directly with new construction, at least not his pricey new construction (which I don’t buy for a second), the Monthly Sentiment Survey f…

Bottom Of The Housing Slump ?

Many US economic experts’ voices are warning of an impending decline in home sales because the government’s homebuyer tax credits expired on April 30, 2010. Housing experts behind the Standard & Poor’s/Case-Shiller Home Price Indices, the Center for Economic and Policy Research and mortgage lenders Fannie Mae and Freddie Mac are among those voices. To […]

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