Category: Housing & Economic Research

New wave of foreclosures threatens market

While banks repossessed fewer homes in February than a month earlier, borrowers continued to fall behind on their payments, adding to the inventory of properties headed toward foreclosure that have yet to be put on the market, according to RealtyTrac.Swelling ranks of homeowners who are seriously delinquent but haven’t yet lost their homes may soon lead to a new round of foreclosures.










ForeclosureReal estateBusinessRealtyTracUnited States

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Mortgage rates fall below the 5 percent mark

Mortgage rates held below the 5 percent threshold for the second straight week, a report said Thursday, weeks before a government program that has been keeping rates low is scheduled to expire.


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Survey: Pace of foreclosures may be slowing

A foreclosure home for sale is shown in this Aug. 22, 2006 file photo taken in Spring, Texas. RealtyTrac Inc. said Thursday March 11, 2010 that the number of U.S. households facing foreclosure in February grew 6 percent from the year-ago level, the smallest annual increase in four years.RealtyTrac Inc. said Thursday that the number of U.S. households facing foreclosure in February grew 6 percent from the year-ago level, the smallest annual increase in four years.


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Ten cities managing to weather the recession

Despite the impact of the recession on the Golden State, Los Angeles appears to be weathering the storm.Jobs in Washington D.C. are growing quickly, and in 2008 the city produced more in goods and services than almost anywhere in the country.




Washington DCWeatherRecessionUnited StatesWashington

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NYT: Plan to pay homeowners to sell at loss

A home is offered for sale in Elgin, Ill., in May 2009. That area was hit hard by foreclosures and short sales.NYT: The Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave.




Presidency of Barack ObamaNew York TimesPresidentUnited StatesBarack Obama

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