Browsing the archives for the news tag

24Aug10 NAR Graphs Show Housing Market Woes Far from Over

Came across these very interesting graphs from the excellent Calculated Risk Blog today: This first graph shows Existing Home Sales from 1994 and forecasted out to Jan 2011. It’s interesting how this corresponds with our other blog post from this morning discussing the woes of the housing market. The artificial boost the homeowner tax credit [...]

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24Aug10 National Association of Realtors – Home Sales Much Worse Than Expected, Down 27% – Worst Drop Since 1968

Very interesting video and article by the Associated Press today along with commentary from the LA Times: Some startling information from the AP this morning indicating that sales of previously owned homes are down over 27% in July. The credit for this has partially to do with the expiration of the federal tax credit for [...]

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23Aug10 California Article Claims Short Sales are to Blame For Housing Market… Huh?

More market news about short sales Courtesy of The Signal, in California. The title of this article is, “Short Sales Hamper Market”, and it’s an interesting article because it somehow backwardly blames the housing problems on Short Sales, even though we have shown over and over again that short sales are actually a mitigating factor, [...]

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10Aug10 Fannie Mae and Freddie Mac REO Inventory Growing, Signals Problems

More housing news about Freddie and Fannie this time. The interesting thing about this is that they obviously are not pushing short sales as hard as they should be, maybe some of those short sale initiatives aren’t working as planned? The article comes courtesy of Michael Kraus, who makes a few interesting observations: (a more [...]

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29Jul10 HAMP and HAFA Analysis by Housing Wire – WRONG!

Housing Wire author Cary Steinberg recently wrote an interesting piece on about HAFA and HAMP. The premise of the article is that HAFA (the Home Affordable Foreclosure Alternative) will likely be successful because it is an exit strategy for homeowners, allowing them to sell their house for less than they owe – as opposed to [...]

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1Jul10 Sarasota Herald-Tribune: Short Sales Favored over Bank Seizures

Came across this article in the Herald-Tribune on short sales yesterday afternoon discussing short sales in Florida as being preferred to bank seizures. If you have been an active reader of The Art of Short Sales, there is nothing really groundbreaking in that statement! Regardless, it continue to shows how short sales play an important [...]

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16Mar10 CNBC Video on HAFA and Short Sale Program

Reporting by Diana Olick from CNBC: The video takes a high level look at HAFA and the government program. All in all a decent view but any readers of this blog won’t be surprised by any of the content.  In a nutshell, it simply discusses short sales and how it could help clear inventory from [...]

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8Mar10 NY Times Article on the Impending HAFA Programs

A new article yesterday from the NY Times discusses the upcoming HAFA programs in some detail: March 7, 2010 Program Will Pay Homeowners to Sell at a Loss By DAVID STREITFELD In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will [...]

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27Feb10 Short Sale Questions and Answers!

Is a Short Sale RIGHT for the Borrower? This is a question often asked by both people facing foreclosure. Why would someone sell his or her house utilizing a Short Sale method? To put it simply, to avoid a foreclosure on the homeowner’s record and to decrease the length of time a lender will require [...]

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27Jan10 Wall Street Journal: Why 2010 Could Be the “Year of the Short Sale”

Came across an article today in the Wall Street Journal that I thought was interesting: January 27, 2010, 9:56 AM ET Why 2010 Could Be the Year of the ‘Short Sale’ If 2009 was the year of the foreclosure (and loan modification), then 2010 may be shaping up as the year of the short sale. [...]

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