Real estate news update: 5-11

Written by Federal Title | 11 May 2010

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

New rules making tax credit closing deadlines tough to meet
Washington Post: Mortgage industry leaders say some buyers who are seeking the tax credits won't get a cent because the clock will run out on them. 		A bullish view of housing construction
Wall Street Journal: The current construction rate is too low to keep up with the increasing demand for housing that comes from population growth and the formation of households.
Tips for troubled borrowers
National Real Estate Investor: Burying one’s head in the sand like an ostrich is not a prescription for success. Here are five steps to work through loan problems with your lender.		In these markets, housing has a long way to go
MSNBC: Like cities in California, Florida, Nevada and Arizona, Atlantic City saw a dramatic run-up in prices during the housing boom.
Trend of U.S. mortgages underwater grows: Zillow
Reuters: The percentage of American single-family homes with mortgages in negative equity rose to 23.3 percent in the first quarter from 21.4 percent in the fourth quarter.		High-end homeowners falling into foreclosure trap
CNBC: The deterioration comes just as housing experts say that foreclosures in the low- and mid- ends of the housing market are showing signs of stabilization.

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Headlines compiled by Strategic Research.

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