Friday, June 18, 2010

Real estate news update: 6-18

A daily dose of headlines for real estate agents, mortgage lenders and consumers.

Cant sell? Consider lease purchase or lease option
Wall Street Journal:
Unless you expect the market to come roaring back in the next few years you may be better off finding someone who wants to buy your home down the road.
Builder survey reports new home sales down 27%
Housing Wirel: Builders also reported a decline in new housing starts in eight of 10 regions, as builders felt little hurry to start more homes.
Mortgage applications rise nearly 18 percent
MSNBC: The number of customers applying for mortgages jumped last week, a sign that the market could be stabilizing after dropping off sharply last month.
Getting the US out of its structural slump
Seeking Alpha: The main problem with America is that it is aging. The second problem is that it distorted the economic mix in order to absorb the savings of the world,
US housing market slows as buyers get picky
CNBC: Exacting buyers are upending the battered real estate market, agents and other experts say, leading to many more collapsed deals than usual.
Citigroup halts foreclosures in area hit by oil spill
: The three-month halt started this week and will apply to loans owned by the banks mortgage unit, not debt that Citigroup services for other lenders or investors.

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Headlines compiled by Strategic Research.

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