Thursday, October 14, 2010

6 real estate headlines: 10-14

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

Despite freezes, U.S. foreclosure rate still up
Not only have the mortgage industry's actions been limited geographically, but banks mean different things when they say they're halting foreclosures.
Has the foreclosure crisis triggered a double dip?
: The combination of still record default rates and rising servicing costs related to foreclosures is making banks hyper cautious about credit.
New tool to test home listings
The New York Times: The aim of the tool is to help spur more listings from sellers sitting on the sidelines as well as to spur more sales in general.
Maryland court weighing decision to halt foreclosures
Washington Times: Court officials are reviewing a request from Gov. Martin O'Malley and others to halt all foreclosures in the state for at least 60 days.
Businesses join to sell homeowners on value of green
Washington Post: By referring business leads among each other, they would be able to offer homeowners a comprehensive approach to lowering their energy and water usage.

What will the foreclosure gate do to home prices?
Business Insider: By stopping the flood of foreclosures onto the market, foreclosure-gate will reduce inventory-for-sale, which will likely act as a temporary positive for house prices.

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