Monthly Archives: February 2012

From THE WALL STREET JOURNAL – Alan Zibel and Eric Morath: WASHINGTON—Sales of previously owned homes in the U.S. rose last month to the highest level in nearly two years, and the inventory of unsold homes contracted to a level … Continue reading →

From CNNMoney – Chris Isidore: NEW YORK (CNNMoney) — New home sales exceeded forecasts in the latest government readings Friday, another sign of a long-awaited recovery in the battered housing market. Click here for full article.

From the Los Angeles Times – Jim Puzzanghera: Consumer confidence was up in February for the sixth straight month, according to a leading barometer, as a record number of people said they were aware of recent gains in the jobs market. … Continue reading →

From THE WALL STREET JOURNAL – Nick Timiraos: Inventories of homes listed for sale in January dropped by 6.6% from December to 1.77 million, the eighth straight month that listings have declined. For-sale listings are 23.2% below year-earlier levels and at the … Continue reading →

From the New York Times – Betsy Vereckey: WITH interest rates at historically low levels, the vast majority of borrowers are finding value with a reliable fixed-rate mortgage. But borrowers who think they could be relocating in the near future, or … Continue reading →

From THE WALL STREET JOURNAL– Nick Timiraos: “More and more economists across the political spectrum are recognizing [principal reduction] is a critical step,” said Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, in an interview with The … Continue reading →

From inmanNEWS: Foreclosure activity was down on an annual basis for the 16th month in a row in January, but there are signs that activity is picking up in some states, according to a report from foreclosure data aggregator RealtyTrac. … Continue reading →

From RISMedia Daily e-News – Steve Cook: As of February 10, new listings tracked by Altos Research have ticked upwards for five consecutive weeks, suggesting the spring home buyer season will bring the strongest prices the nation has seen since … Continue reading →

From the MisionViejoPatch – Peter Schelden: The rumors that songstress Whitney Houston once lived in Nellie Gail Ranch, an exclusive community in Laguna Hills, just a few miles from the Laguna Niguel border, can now be confirmed. Click here for full … Continue reading →