| 27 July 2010
A daily dose of headlines for real estate agents, mortgage lenders and consumers.
| The roller coaster ride known as short sale The New York Times: A recent search of sales listings found almost 20 advertised short sales, not including short sales disguised with euphemistic terms like “owner must sell.” | The government's role in the housing bubble The Atlantic: But this product is about as stable as a nitroglycerine shot with a TNT chaser. The 30-year fixed rate mortgage was ultimately at the heart of the crisis. |
| Seeking to close the 'strategic default' exit The New York Times: Some borrowers know it might take years for the value of their homes to exceed the size of their mortgages, so they walk away from loan and property. | Cities tackle traffic head-on with commuter options USA Today: Congestion costs the USA $87.2 billion a year in gasoline and lost productivity, that's 2.8 billion gallons of wasted fuel and 4.2 billion hours of wasted time. |
| Existing home sales still above historical median Calculated Risk: Because of the high number of low end foreclosures, and various government programs the number of existing home sales have stayed fairly high. | Historic Shaw residential project one step closer DC Mud: Chances of a small Shaw residential project are greater now that the project team has cleared the hurdles of Historic Preservation. |
