6 real estate headlines: 7-27

Written by Federal Title | 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.

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