Thursday, April 21, 2011

6 real estate headlines: 21-April

A daily dose of headlines for real estate agents, mortgage lenders, homebuyers and home sellers.

First-quarter foreclosures fall; March numbers raise concerns
Washington Examiner
: Many experts had predicted that states would see an increase in filings during the first half of 2011 as the national investigation into the foreclosure process wound down.
5 rookie homebuyer mistakes
: If you're a mortgage newbie, don't get caught making an error that could cost you big money. Here are five home financing mistakes that rookie homebuyers make, along with tips on how to avoid them.
Will tenant purchases continue?
Washington City Paper
: Why is leaving the Trust Fund mostly empty a problem? Part of the reason: Timing is important. There's only so much affordable housing in the city.
'Uneven' housing recovery continues
CNN Money
: First-time buyers purchased 33% of homes in March, down from 44% in March 2010. Investors accounted for 22% of sales, up from 19% a year ago. All-cash sales were at a record high in March, accounting for 35% of existing home sales.
Fed offers up two options for protecting lenders
Washington Post
: Many within the industry said the legal protections offered under option one would work best for consumers as well as lenders. Without such protections, consumers will end up paying more for the mortgages they want, they said.
The uncertain future of TOPA
DC Urban Turf
: The sluggish real estate market of the past few years has resulted in the fund losing money since it gets money primarily from deed transfer taxes.

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