U.S. home prices will stagnate through next year and only start recovering in 2013, according to economists polled by Reuters who also felt the stimulus options being floated will not do much to reinvigorate the market. The housing market, considered by many as critical to any meaningful economic recovery, is still struggling to find its …
Monthly Archive
for: ‘November, 2011’
It’s Official – 76th Winter Season Starts Thanksgiving Day in Sun Valley
The slopes are a go: Sun Valley Ski Resort will open at 9 a.m. on Thanksgiving Day with five lifts operating on Bald Mountain and two on Dollar Mountain. It’s the best and only option if you live in Southwest Idaho. Bogus Basin and Brundage are still waiting for more snow. Sun Valley is only …
Freddie Mac Announces Winter Sales Promotion
HomeSteps, the real estate sales unit of Freddie Mac, is launching a nationwide winter sales promotion for its inventory of foreclosed homes in select locations starting today. News Facts Under the HomeSteps Winter Sales Promotion HomeSteps will pay up to 3% of the final sales price towards the buyer’s closing costs and a $1,000 selling …
Regulator defends $12.79 million in bonuses for Fannie, Freddie executives
The regulator for Fannie Mae and Freddie Mac on Thursday defended their million-dollar executive bonuses which have come under fire given huge losses at the government-owned mortgage firms. Federal Housing Finance Agency’s acting director Edward DeMarco said in a November 10 letter to U.S. lawmakers the salaries and deferred compensation awarded to executives are necessary …
Many US Homeowners Are Effectively Underwater
A new report on still-falling home prices today highlights the fact that the lower those prices go, the more American borrowers fall into an negative equity position; that is, they owe more on their mortgages than their homes are worth. Most analysts will tell you that negative equity is the number one problem in the …
