Month: December 2011

NAR Lowers the 2007 to 2010 Home Sales Estimates by 14%

The National Association of Realtors (NAR), last Wednesday, revised or re-benchmarked its own home sales estimate from the original estimate of 5,157,000 average home sales for the 2007-2010 period to 4,420,000 or 14% lowered home sales estimate for the 4-year period. This revised data shows that fewer existing homes were sold from 2007 to 2010 than previously …

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Existing-Home Sales Continue to Rise in November 2011, NAR says

The National Association of Realtors (NAR) announced last Wednesday that existing-home sales rose in November this year and stayed above one year ago. “The latest monthly data shows total existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 4.0 percent to a seasonally adjusted annual rate of 4.42 million in …

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What To Do with Real Estate Owned Properties (Part 2)

The U.S. Federal Housing Finance Agency (FHFA) reported that 4,000 responded to the Request for Information of FHFA, the Department of Housing and Urban Development (HUD), and Department of the Treasury regarding the question on what to do with the single-family real estate owned (REO) properties held by Fannie Mae, Freddie Mac, and the Federal …

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What To Do with Real Estate Owned Properties (Part 1)

In August this year, the U.S. Federal Housing Finance Agency (FHFA), Department of Housing and Urban Development (HUD), and Department of the Treasury sought the inputs of the private sector on the disposition options of single-family real estate owned (REO) properties held by Fannie Mae, Freddie Mac, and the Federal Housing Administration (FHA). In a …

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U.S. Home Prices Down by 3.9% on a Year-Over-Year Basis

On a year-over-year basis, or October 2011 compared to October 2010, the U.S. national home prices, including distressed sales, fell by 3.9%, this according to CoreLogic, a leading provider of information, analytics and business services. Distressed sales, according to CoreLogic, include real estate owned (REO) transactions and short sales. For the month of October 2011, …

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