Louisville house prices down but not as bad as most
For more: http://bit.ly/aSvfhZ
Louisville-area house prices are down 2.25 percent compared to a year ago, according to federal data released Wednesday, but Louisville was the 83rd best-performing market among 303 metro areas.
Saturday, August 28, 2010
Friday, August 27, 2010
NYT: In Defense of Home Ownership
For more: http://s.nyt.com/u/9_4p
A mortgage is still a form of long-term forced savings, after all. This is more important than ever, since fewer people have access to generous pensions than they did during the last big housing slump.
For more: http://s.nyt.com/u/9_4p
A mortgage is still a form of long-term forced savings, after all. This is more important than ever, since fewer people have access to generous pensions than they did during the last big housing slump.
NYT: Foreclosures Fall, but Early Delinquencies Rise
For more: http://s.nyt.com/u/9_EY
The foreclosure crisis might have finally peaked in the first half of this year, but with the continued weakness in the economy and the recent deterioration of the housing market, the gains may prove fleeting.
For more: http://s.nyt.com/u/9_EY
The foreclosure crisis might have finally peaked in the first half of this year, but with the continued weakness in the economy and the recent deterioration of the housing market, the gains may prove fleeting.
Thursday, August 26, 2010
Banks owe Metro Louisville $200,000 on foreclosures
For more: http://bit.ly/9EbDwy
A list of financial operations that owe the city more than $10,000 in property-maintenance violations recently was provided to the Louisville Metro Council, which is studying ways to hold property owners more accountable for the upkeep of vacant houses. All but one of the financial institutions are based outside the city.
For more: http://bit.ly/9EbDwy
A list of financial operations that owe the city more than $10,000 in property-maintenance violations recently was provided to the Louisville Metro Council, which is studying ways to hold property owners more accountable for the upkeep of vacant houses. All but one of the financial institutions are based outside the city.
Wednesday, August 25, 2010
Home sales slide: Low prices, interest rates fail to stem 27% drop in July
Courier-Journal.com for more: http://bit.ly/aYrajd
However, in Louisville, houses have been moving faster this year than last. Through July, the average home sold in 82 days, six days faster than the same period in 2009.
Courier-Journal.com for more: http://bit.ly/aYrajd
However, in Louisville, houses have been moving faster this year than last. Through July, the average home sold in 82 days, six days faster than the same period in 2009.
Tuesday, August 24, 2010
NYT: _Too Big to Fail_ View Hurts Small Banks, Fed Official Says
For more: http://s.nyt.com/u/9cz7
OVERLAND PARK, Kan. (Reuters) — Thomas M. Hoenig, president of the Federal Reserve Bank of Kansas City, warned on Monday that landmark financial reforms may not end market perceptions that taxpayers will rescue the largest banks, and he cautioned against speculative investments in housing.
For more: http://s.nyt.com/u/9cz7
OVERLAND PARK, Kan. (Reuters) — Thomas M. Hoenig, president of the Federal Reserve Bank of Kansas City, warned on Monday that landmark financial reforms may not end market perceptions that taxpayers will rescue the largest banks, and he cautioned against speculative investments in housing.
Monday, August 23, 2010
Mortgage fraud on the rise again
WSJ: http://bit.ly/cJclKr
New data suggests that mortgage fraud—which got tougher to pull off after the collapse of the U.S. real estate market—is returning in a big way.
WSJ: http://bit.ly/cJclKr
New data suggests that mortgage fraud—which got tougher to pull off after the collapse of the U.S. real estate market—is returning in a big way.
NYT: Housing Fades as a Means to Build Wealth, Analysts Say
For more: http://s.nyt.com/u/9SVL
Housing will eventually recover from its great swoon. But many real estate experts now believe that home ownership will never again yield rewards like those enjoyed in the second half of the 20th century, when houses not only provided shelter but also a plump nest egg.
For more: http://s.nyt.com/u/9SVL
Housing will eventually recover from its great swoon. But many real estate experts now believe that home ownership will never again yield rewards like those enjoyed in the second half of the 20th century, when houses not only provided shelter but also a plump nest egg.
Saturday, August 21, 2010
NYTimes.com: New Online Help From Fannie Mae
For more: http://nyti.ms/cy08le
SINCE foreclosures started to rise sharply in 2007, struggling borrowers have been offered a lot of help online. Some is well-meaning, but some is simply a scam in the form of expensive “debt relief” services that may be offered free elsewhere.
For more: http://nyti.ms/cy08le
SINCE foreclosures started to rise sharply in 2007, struggling borrowers have been offered a lot of help online. Some is well-meaning, but some is simply a scam in the form of expensive “debt relief” services that may be offered free elsewhere.
NYT: U.S. Mortgage Relief Effort Is Falling Short of Its Goal
For more: http://s.nyt.com/u/9HLg
The Obama administration’s mortgage relief program, originally intended to shield three million households from foreclosure, now looks as if it will permanently help as few as one-sixth of that number.
For more: http://s.nyt.com/u/9HLg
The Obama administration’s mortgage relief program, originally intended to shield three million households from foreclosure, now looks as if it will permanently help as few as one-sixth of that number.
Friday, August 20, 2010
Thursday, August 19, 2010
Wednesday, August 18, 2010
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