Real estate news update: 5-17

Written by Federal Title | 17 May 2010

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

Prices fall in wake of tax credit
Real Estate Economy Watch: NAR reports in the first quarter, 91 out of 152 metropolitan statistical areas reported increase in median prices. 		Time to become bullish on real estate?
Crain's: Economic setbacks are possible and events like the Greek debt crisis shows that events outside anyone's control could change everything.
Mortgage rates drop to lowest level this year
USA Today: The drop was caused by a high demand for U.S. government securities, which closely track mortgage rates, as investors fled risky European debt.
Economy to slip, but stocks may gain: Goldman Sach's
CNBC: A generally rosy forecast was tempered with a warning that Goldman remains under consensus for economic growth as stimulus dries up and an inventory build ebbs.
Foreclosures continue to rise as banks work on backlogs
Washington Post: More people lost their homes to foreclosure in April as banks worked through a backlog of troubled borrowers, according to data released Thursday.
Millions of cut jobs likely won't return
Forbes: Fewer construction workers will be needed. Don't expect as many interior designers or advertising copywriters, either. Retailers will get by with leaner staffs.

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Headlines compiled by Strategic Research.

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