January 2, 2011 – According to the Los Angeles Times, people “who have been delaying putting their homes on the market should do it soon because prices may go down 5% to 8% as banks unload a glut of repossessed properties, Steve Harney tells agents.”
New-home sales rise 5.5 percent in November
December 30, 2010 By
December 23, 2010 – Sales of newly built, single-family homes increased 5.5 percent to a seasonally adjusted annual rate of 290,000 units in November, according to newly released figures from the U.S. Commerce Dept.
Housing agencies class over mortgage-relief program
December 28, 2010 By
The top federal agencies responsible for setting housing policy are clashing over a new program designed to help borrowers whose homes are worth less than they owe on their mortgages, according to industry and government sources.
Wells Fargo reaches agreement with California to modify risky mortgages
December 27, 2010 By
The bank will make modifications valued at as much as $2.4 billion on ‘pick-a-payment’ mortgages. It also will pay $32 million to 12,000 borrowers who had such loans and lost their homes to foreclosure.