All Posts Tagged With: "home"
HUD Scorecard: Home Prices Stabilizing
HUD has introduced a new public information report, a Monthly Housing Scorecard. This is an idea which makes a lot of sense, not only because of what it says but also because HUD includes data from both governmental agencies and the private sector in one place. The News To start, and given the events of [...]
22Jun2010 | Peter G. Miller | 0 comments | Continued
2009 Home Sales Up, But Values Down
Real estate sales reached nearly 5.2 million in 2009, up 4.9 percent from 2008 according to the National Association of Realtors. The increase was the first annual rise since 2005. In terms of prices, NAR says for all of 2009, the median price for a single-family existing home was $173,200, down 11.9 percent from 2008. [...]
26Jan2010 | Peter G. Miller | 0 comments | Continued
Real Estate: How To Re-Power US Home Sales
Long ago I was a part owner of a company that produced dual-fuel vehicles — they could run on either gasoline or propane with the flip of a switch. We did a lot of fleet conversions and we even supplied fuel for a number of apartment buildings. I also used to write about energy and [...]
28Aug2009 | Peter G. Miller | 0 comments | Continued
Real Estate: What Really Happened To Home Prices
We’re not going to restore the housing market without solid factual evidence to suggest that home prices have started to turn around. A good source for such evidence is the Federal Housing Finance Agency (FHFA), the government body that now oversees Fannie Mae and Freddie Mac. In figures release yesterday, FHFA tells us that in [...]
26Aug2009 | Peter G. Miller | 0 comments | Continued
Mortgages: Can You Stop Line of Credit Freezes?
The Federal Reserve has published a new guide to home equity line of credit financing — and what you can do if your lender reduces or freezes your HELOC. To be polite, not a damn thing. The Board’s 5 Tips for Dealing with a Home Equity Line Freeze or Reduction first tells us the following: [...]
10Aug2009 | Peter G. Miller | 0 comments | Continued
Home Prices Up — Can This Be Real?
Bet you haven’t heard this in awhile — U.S. home prices rose. They rose for the month of April by .9 percent nationwide according to the Federal Housing Finance Agency’s monthly House Price Index (HPI). Let’s not go crazy here, the index is 10.7 percent below its April 2007 peak. That said, in an environment [...]
23Jul2009 | Peter G. Miller | 0 comments | Continued
Appraisal Worries Really About The Future
Tim writes and points to a number of problems he sees with the Home Valuation Code of Conduct (HVCC). Fair enough. Let’s look at what he offers: >>>Instead of a majority of valuation assignments going to appraisal managment companies we now have virtually ALL assignments being controlled by these joint venture arrangments. Notice how the [...]
22Jul2009 | Peter G. Miller | 0 comments | Continued
Appraisers Seek Sensible Reform
There’s been considerable debate regarding the Home Valuation Code of Conduct (HVCC), the agreement to curb appraisal abuses worked out between New York Attorney General Andrew Cuomo, Fannie Mae, Freddie Mac and their then regulator, the Office of Federal Housing Enterprise Oversight (OFHEO). A number of leading real estate and lending trade associations are seeking [...]
14Jul2009 | Peter G. Miller | 0 comments | Continued
Administration Increases Help For Distressed Borrowers
Some 200,000 people have applied for help under the Obama Administration’s Home Affordable Refinance Program (HARP), but to date the program has been extremely restricted. The problem? HARP has both a refinancing plan for those facing foreclosure and a separate modification plan for those who want to refinance but lack equity. Under HARP, you can [...]
2Jul2009 | Peter G. Miller | 2 comments | Continued
Should We Cheer An 18-Percent Drop in Home Prices?
According to Business Week there’s good news on the home front. “Case-Shiller Home Prices Decline Only 18%” reads the headline. And then we discover that “the latest Standard & Poor’s/Case-Shiller housing index numbers out today show the market falling less dramatically than it had been earlier in the year. The 10 and 20 city indices [...]
1Jul2009 | Peter G. Miller | 0 comments | Continued
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