Downgrades and Debt Concerns

The problems with the downgrade in U.S. Treasuries and the debt crisis here and abroad are adding another layer of uncertainty to an already uncertain marketplace right now. The main question for housing in particular is where mortgage rates are headed. S&P’s Downgrades US Treasuries and Fannie & Freddie… Standard & Poor’s downgraded the U.S. …

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All-cash buyers pump up the local market

Cash is king in the real estate market throughout Southern California in general and in Orange County in particular, where thanks to falling home prices, more people with the means seem interested in plunking down a lump sum and getting a home free and clear. But many of these buyers aren’t just people in search …

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Foreclosure Sales Decline

Foreclosure sales declined for the second straight month, while foreclosure starts increased, according to HOPE NOW’s monthly mortgage industry data for May 2011. Foreclosure sales nationwide decreased 7 percent from 73,000 in April to 68,000 in the month of May, according to HOPE NOW’s data. Foreclosure starts increased 8 percent from 163,000 in April to …

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First-Time Buyers in Short Supply to Absorb Distress

First-time homebuyers – a segment that typically targets distressed homes – currently make up just one-third of the market. While this is what would be considered their “normal” market share, it falls short of what’s needed to offset the large volume of distressed properties coming down the line, according to the research firm Campbell Surveys. …

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