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What To Do with Real Estate Owned Properties (Part 1)

In August this year, the U.S. Federal Housing Finance Agency (FHFA), Department of Housing and Urban Development (HUD), and Department of the Treasury sought the inputs of the private sector on the disposition options of single-family real estate owned (REO) properties held by Fannie Mae, Freddie Mac, and the Federal Housing Administration (FHA). In a …

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U.S. Home Prices Down by 3.9% on a Year-Over-Year Basis

On a year-over-year basis, or October 2011 compared to October 2010, the U.S. national home prices, including distressed sales, fell by 3.9%, this according to CoreLogic, a leading provider of information, analytics and business services. Distressed sales, according to CoreLogic, include real estate owned (REO) transactions and short sales. For the month of October 2011, …

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Owning a Home Still Part of the American Dream, Yahoo! Study Says

Four out of five or 81% of the 1,545 U.S. adults polled in the recent Yahoo! Real Estate survey say that owning a home is still part of the American dream. “The study finds that optimism about homeownership is widespread despite the massive downturn that has so far claimed six million homes in foreclosure and …

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