Housing's Fragility

March 24, 2010

Existing-Home Sales Decline 0.6%; Supply Glut, Foreclosures Push Prices Lower

The latest data on the housing market underscored its fragility as the overall economy recovers and showed that a glut of homes for sale and a wave of foreclosures and fire sales are holding down housing prices.

More on Housing Data from the Wall Street Journal

Mar 24, 2010 6:09:06 AM | Real Estate Trends

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Nearly 50% of Home Purchases Are Distressed Properties The share of home purchase transactions involving distressed properties surged to almost half in February, according to the latest Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions. There are three major types of distressed properties: damaged REO, move-in...

Bank of America to announce Mortgage principal Reduction Plan Bank of America will ... announce plans to start forgiving mortgage loan principal for troubled homeowners who owe more than 120 percent of their home's value or are battling ever-expanding "negative amortization" loans.

Tom

Minneapolis Realtor specializing in residential sales.

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March 24, 2010

Housing's Fragility

More on Housing Data from the Wall Street Journal

Tom

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