ARCHIVED BLOG POSTS
2010
NAR reported a 2.2 percent decline in its existing-home sales estimate for 2010 to 4.43 million, down from 4.53 million in September. This represents a 26 percent decrease from 2009, which was one of the worst years in U.S. real estate history. However, total housing inventory at the end of O...
11/24/2010
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According to the Mortgage Bankers Association and based on 44 million mortgages, 2,090.000 are in foreclosure 4,953,000 are 30 days or more delinquent 2,238,000 of these are 90 days past due Prime Loans – 3.46% in foreclosure, 6.48% in default Subprime Loans – 13.73% in foreclosure, 26.56% in ...
11/22/2010
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This was just posted on the CDPE Blog this morning. I have been reading that we are going to have way more short sales than we have buyers for them. It is a challenging time for everyone. "According to the Federal Reserve Bank of New York, 2.7% of current mortgage balances transitioned to deli...
11/16/2010