Real Estate News – August 22, 2011




Recent falls in the stock market and growing concerns over the cloud hanging over the U.S. economy has prompted more home buyers to cancel real estate deals or continue to sit on the sidelines, analysts say (via REALTORMag): http://bit.ly/q8SkMd


Mortgage delinquencies rose for the second straight quarter while foreclosure actions dropped as the housing sector showed few signs of recovery (via TheHill.com): http://bit.ly/oOmsEE


Shadow inventory improves but still threatens housing recovery (via money.CNN.com): http://cnnmon.ie/rmLdR6


Observers say federal and state officials continue to work on a settlement with the nation’s biggest banks with regard to their foreclosure practices, but the process has been delayed as banks seek broad legal immunity for mortgage-related claims (via REALTORMag): http://bit.ly/ndnvp3


Rentals hold key to real estate market’s future (via inman.com): http://bit.ly/mUaQ3G



 

Posted in Blog, Real Estate Law