U.S. Department of Housing and Urban Development (HUD) Secretary Shaun Donovan and Federal Housing Administration (FHA) Commissioner David H. Stevens today released the results of its annual independent actuarial study.
The study shows that FHA has sustained significant losses from loans made before 2009. The capital reserve ratio has fallen below the required 2% threshold.
(more…)
Comments Off
MOVE.com issued a press release on November 11 with a number of survey results. They all point toward a normalization of the housing market.
The first result is that investors are moving back into the market. For the most part investors are looking for bargins, i.e. foreclosures. This is good news for us all for once the foreclosures no longer dominate the market, the price one can get for their home will improve. It is obvious that if you have a home for sale at $200,000 sitting next door to a comparable property that was foreclosed and listed at $150,000, your chance of realizing your price is very slim.
The survey also presents results on respondents’ feelings about home value appreciation, the influx of first time home buyers and other questions facing us.
A link to the article is after the jump.
(more…)
Comments Off
