In California, the rate of defaults on loans is the lowest that it has been in nearly 3 years. That’s great news for California homeowners, and it’s likely to be a self-feeding cycle, says San Diego real estate research firm MDA DataQuick. The results of recent data analysis indicate that second-quarter 2010 notices of default are down 13.6%, and that Read full article »
Tag archives for Great News
Rising Home Prices Likely to Lead to Fewer Defaults in Coming Months
category: Real Estate News
Owning is Cheaper than Renting?
While the news is certainly not all good, based on John Burns Real Estate Consulting’s (JBRC) latest “report card” for the housing industry, released this week by the consulting firm that grades various aspects of the housing market and industry each month, the low grades spell great news for renters who are in a position to buy. “Affordability is so good Read full article »
category: Real Estate News
tags: Affordability, Alterations, Attractive Rates, Consulting Firm, Distressed Properties, Fannie Mae, Fixed Mortgage, Foreclosure, Foreclosures, Great News, Housing Industry, Housing Market, Individual Investors, Inflation, John Burns, Market Experts, Median Price, Mortgage Payment, Pat On The Back, Personal Credit History, Preforeclosures, Real Estate Consulting, Rents, Variable Rate
Home Ownership No Longer The American Dream?
Today's Eeyore Award for most foolishly pessimistic news goes to the National Center for Credit Counseling (NCCC). Recently, the NCCC released the results of a survey they commissioned. Frankly, I think the results they've come up with are probably unreliable and not representative of the American public. Nevertheless, the results were interesting, and can be summed up as follows: Half of the Read full article »
category: Real Estate News
Construction Spending Drops – A GREAT Omen
In July, construction spending fell to its lowest level in 17 years, according to the US Commerce Department. And that is great news because it means that the supply of available housing will not be further expanded, allowing room for more of the foreclosures currently on the market to be purchased. The real estate market is suffering largely because there is an Read full article »
category: Main Content, Real Estate News
Bush Administration Paves The Way For Investors…
(This Post Has Been Updated - Please See Addendum At End.) Recently announced on CNN and nation-wide media: Finally, the Bush Administration has taken a practical step to allow real estate investors to ease the foreclosure crisis. And it has inadvertently admitted that government is part of the problem with the market we have today. On June 9, FHA announced Read full article »
category: Main Content, Real Estate News
tags: Addendum, Admission, Bush Administration, Cnn, Congress, Creative Real Estate, Estate Strategies, Fha, Fha Mortgage, Flipper, Flippers, Flips, Foreclosure, Foreclosures, Great News, Loss Mitigation Services, Mortgage Fha, Mortgage Insurer, Mortgages, Objective, Real Estate Investors, Real Estate Professionals, Signs, Thieves, Vultures, Wholesalers
The Politics of Real Estate
Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.
Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.
Mortgage Industry News
Few things change more rapidly than the mortgage market, and with the increasing dominance of GSE's Fannie Mae and Freddie Mac over the mortgage business, it's more important than ever to keep up. Here are a few recent mortgage news updates:
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Mortgage News
- HAMP Success Tally Slowly Growing
- Western States Working Through Foreclosure Backlog Quicker than Eastern
- Biggest Down Payments in the Country Found in New Jersey
- President Bypasses Congress, Appoints Director of the Consumer Protection Bureau
- Federal Reserve Recommends Expanding GSEs to Turn Housing Market Around
- Mortgage Rates Likely to Remain Low for a While Longer
- Top Former FDIC, Wells Fargo Execs Say Fannie and Freddie Must Go
- FHA Continues to Extend Anti-Flipping Waiver
- More Homeowners Using Delaying Tactics to Slow Down Foreclosures
- Now that It’s Passed: The True Cost of the Payroll Tax Cut
About Bryan Ellis
Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.
Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.
Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.