The Krain Blog

May 2010 - Posts

• Total Foreclosures Fall, But REOs Rise

  Properties in all stages of foreclosure were down 9 percent from April to March of this year, according to RealtyTrac. Read more > Read More... Posted Friday, May 21, 2010 3:09 PM by KRAIN - Residential and Commercial Real Estate | 1 Comments

• Senate Passes Financial Reform Bill

  The Senate on Thursday approved the most extensive overhaul to the banking system since the 1930s. The legislation needs to be reconciled with the House version that passed in December. Read more > Read More... Posted Friday, May 21, 2010 3:09 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Housing Prices Could Rise 12.4% by 2014

  A survey of more than 100 analysts found a wide range of pricing predictions. One expects an increase of 37 percent over the next four years, while pessimists expect a decline of 18 percent during that time. Read more > Read More... Posted Friday, May 21, 2010 3:08 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Half of Owners Think Their Home Value Is Up

  About half of home owners surveyed by Zillow.com believe the value of their homes declined in the past year, which may actually be a sign of overconfidence. Read more > Read More... Posted Friday, May 21, 2010 3:08 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• HAMP Modifications Jump Sharply

  In April, the number of permanently modified home mortgages in the Treasury Department's Home Affordable Modification program rose 30 percent in April. Read more > Read More... Posted Friday, May 21, 2010 3:07 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Mortgage Rates Continue to Drop

  Both fixed- and adjustable-rate mortgages fell slightly this week to their lowest level of the year. Read more > Read More... Posted Friday, May 21, 2010 3:06 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• When Will the Housing Market Rebound?

  While the housing market should slowly grow in 2010, two housing experts warn that it will take years until the inventory is line with population demands. Read more > Read More... Posted Friday, May 14, 2010 5:35 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Big Push on Capitol Hill for Real Estate Reforms

  Several thousand NAR members are meeting with members of Congress this week to advocate for a stronger FHA, disaster insurance reforms, and other legislative priorities. Read more > Read More... Posted Friday, May 14, 2010 5:35 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Commercial Markets May Turn Around in 2011

  The darkest days may be over for commercial, according to NAR Chief Economist Lawrence Yun. Read more > Read More... Posted Friday, May 14, 2010 5:34 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• National Delinquency Rate Is Letting Up

  Home owners who are currently upside down on their mortgages may be less inclined to join the ranks of defaulters, says a TransUnion executive. Read more > Read More... Posted Friday, May 14, 2010 5:33 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• 91 Markets See Year-Over-Year Price Gains

  Of the metro areas with higher prices in the first quarter, 29 had double-digit increases. Nationally, the median price remained flat from the year earlier and sales rose 11 percent. Read more > Read More... Posted Friday, May 14, 2010 5:33 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Borrowers Choose Default Out of Anger or Fear

  University of Arizona Professor Brent White's new study reveals that owners default on their mortgage out of frustration for paying for a loan that is more than what their house is worth. Read more > Read More... Posted Friday, May 14, 2010 5:32 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Temporary Bankruptcy Instead of Loan Mods?

  The government's program for helping hard-hit home owners avoid foreclosure could be having the unintended effect of encouraging strategic defaults. Read more > Read More... Posted Friday, May 14, 2010 5:30 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• New Tool on HomePath.com Gives Buyers "First Look" at Fannie Mae Homes

  Want to learn more about the home buying process? Visit HomePath.com and check out the new Buyers Guide for a Fannie Mae-owned home today! HomePath.com Resources New Tool on HomePath.com Gives Buyers "First Look" at Fannie Mae Homes Fannie Mae Read More... Posted Friday, May 07, 2010 3:04 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments