Real estate news update: 5-14

Written by Federal Title | 14 May 2010

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

U.S. foreclosures fell in April, signaling
CNBC: The number of Americans receiving foreclosure notices was down 2.4 percent in April from a year before and 9 percent lower than March 2010.		Containing housing hysteria around the Gulf oil spill
Housing Wire: The damage to housing from the oil spill is minimal compared to, say, the FHA condo restrictions that have those markets so deteriorated and benumbed already.
Was there good reason for a housing boom?
The New York Times: Motivated in large part by extraordinarily high housing prices, the nation’s home builders were busy building and renovating from 2000 to 2006.
Walgreens coming to Van Ness neighborhood
DC Mud: It is the second controversial Walgreens to open on that stretch of Connecticut, the first having replaced the beloved Yenching Palace  restaurant in Cleveland Park.
Bursting the bubble about the causing of the housing bubble
Washington Post: A long run of low mortgage interest rates, loose lending and low (to nonexistent) down payment requirements are the usual culprits cited by experts.
FHA wants lenders to police brokers
Wall Street Journal: The changes will put more of the onus on lenders to make sure there is no fraud or faulty underwriting in the loans they fund, and less on the FHA.

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Headlines compiled by Strategic Research.

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