Atlanta Business Chronicle
Published: January 25, 2010
Existing home sales declined almost 17 percent in December, the largest in more than 40 years — and the latest sign that the economy and the housing market continue to struggle.
December home sales down nearly 17 percentAJC 1/25/2010
Sales of previously occupied homes took the largest monthly drop in more than 40 years last month, plunging far deeper than expected after lawmakers gave buyers extended time to use a tax credit.
Washington Report: FHA Tightening Standards
Realty Times 1/25/2010------------------FHA is tightening up its standards for home buyers - but the changes are not as tough as some analysts had feared - especially on downpayments.Full Story: http://realtytimes.com/rtpages/20100125_washingtonreport.htm
Can home market bounce back without more help? - USATODAY.com
12/14/2009 USA Today
Published: December 8, 2009
Freddie Mac's quarterly report on home prices shows they rose for the second consecutive quarter in all but two of the regions in tracks.
Atlanta Business Chronicle - Nov. 18, 2009
Recent enthusiasm for the housing market is waning. The latest reports show mortgage applications and new home construction on the decline.
In the South, new home starts dropped 33.2 percent and new housing permits were down 24.5 percent compared with October 2008.
Breaking down the mortgage activity report, the index of home purchase applications sank nearly 5 percent last week to the lowest level since November of 1997 while refinance applications eased 1 percent even as refinancing expanded its majority of mortgage activity.
Fannie Mae sees end to the housing slump
The Washington Post
Nov. 18, 2009
Fannie Mae, responsible for almost one in four U.S. residential mortgages, said the three-year housing slump may end in 2010 with an 11 percent jump in home sales as the economic recession is "unofficially" over.
The economic rebound will still be "relatively weak" compared with other recoveries from deep recessions, the District-based company said in an economic and housing forecast. Median home prices are still likely to fall next year, by less than 1 percent, as sales rise, Fannie Mae said.
Published: November 13, 2009
Despite falling housing prices, the limits on what are considered conforming mortgages won't change for 2010.
To continue reading, go to: http://atlanta.bizjournals.com/atlanta/stories/2009/11/09/daily83.html?surround=etf&ana=e_article
Aided by the home buyer tax credit, the outlook for housing and the economy appears headed for a sustainable recovery, the National Association of Realtors said Friday.
To continue reading, go to: http://atlanta.bizjournals.com/atlanta/stories/2009/11/09/daily91.html?surround=etf&ana=e_article
Real Estate Outlook: Pending Sales Rise
Nov. 10.2009---------------------------------------A record jump in pending home sales -- pointing to higher numbers of closed transactions in the next two to three months -- tops the housing economic news this week.Read the Full Story At: http://realtytimes.com/rtpages/20091110_realestateoutlook.htm
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