| 25 June 2010
A daily dose of headlines for real estate agents, mortgage lenders and consumers.| Housing sales are up, but will it last? Boston Globe: Karl E. Case, cofounder of the S&P Case/Shiller Home Price Indices, said questions still remain because of the growing number of foreclosures and unstable economy. | Lawmakers agree on sweeping Wall Street overhaul Bloomberg: The bill seeks to protect consumers, curb risks, boost surveillance of emerging threats to markets and give regulators more emergency powers. |
| Despite low mortgage rates, new home sales crash Total Mortgage Services: The first time home buyer tax credit, pulled home sales from the fall and summer into the spring, and we are now seeing the ramifications of the credit. | REITs are a surprising bright spot in investor market USA Today: The average real estate fund has gained 11% this year. One reason for gains: Investors may think things can't get much worse. They may have a point. |
| Lawmakers slam top mortgage firms on loan mods Reuters: The four largest mortgage lenders in the United States were grilled Thursday about the limited number of home loans they have modified. | It's payback time for housing CNBC: Unemployment is high, job security is low, and credit conditions are tight. It's hard to see a double-dip in housing prices not occurring. |
