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TheREI.Network Realtime Magazine

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Only 1 bid made for Ill. home where family slain (AP)
Jackie Ortiz of Chicago-based Judicial Sales Crop. holds a public 
foreclosure auction Tuesday, May 25, 2010, outside the Monroe County 
Courthouse in Waterloo, Ill., of a two-story Columbia house where a 
mother and her two young sons were found strangled a year ago. Wells 
Fargo Bank, which holds the mortgage on the house, was the only bidder, 
buying the property for $256,419.96. (AP Photo/Jim Suhr)AP - The white, three-bedroom, lakeside home with blue shutters in the well-manicured subdivision might have drawn more bidders to a foreclosure auction if not for the triple slaying that took place there last year.

Business Highlights (AP)
AP - Rising home sales likely to cool despite low rates

Why Housing is Headed for Second-Half Headaches (U.S. News & World Report)
A sold sign is posted in front of a new home in a housing 
development in Pacifica, California. Sales of existing US homes rose 
more than expected in April as homebuyers rushed to meet a federal tax 
credit deadline and the economy showed signs of recovery, an industry 
group said Monday.(AFP/Getty Images/Justin Sullivan)U.S. News & World Report - Although home sales increased more than expected in April, real estate experts are expressing concern that the market may face renewed downward pressure in the second half of the year.

Summary Box: Home sales rise but may soon fizzle (AP)
AP - HOME SALES RISE: A now-expired homebuyer tax credit and low mortgage rates helped boost sales of previously occupied homes by 7.6 percent in April.

Instant View: New home sales up 15 percent in April (Reuters)
Reuters - Sales of newly built single-family homes rose in April to their highest level in nearly two years, as buyers benefited from a popular government tax credit.

New home sales at 2-year high in April (Reuters)
Construction workers continue work on a new subdivision of homes 
in San Marcos, California in this April 23, 2010 file image. 
REUTERS/Mike Blake/FilesReuters - Sales of newly built single-family homes rose faster than expected in April to their highest level in nearly two years, government data showed on Wednesday, as buyers signed contracts to benefit from a popular government tax credit.

Home refinancing jumps while purchasing slumps (Reuters)
Reuters - U.S. mortgage applications to refinance home loans jumped to a seven month high last week as rates neared record lows, but purchase demand remained stuck at a 13-year low.

Utah takes over abandoned planned community (AP)
AP - The state agency that oversees trust lands is taking over a half-built resort community near fast-growing St. George after the developer ran into trouble because of the declining real estate market.

Falling home prices stir fears of new bottom (AP)
In this photo taken Monday, May 24, 2010, a sold home is shown in 
Palo Alto, Calif. Home prices fell in March from the previous month, 
signaling that temporary tax credits for buyers weren't enough to buoy 
the housing market.(AP Photo/Paul Sakuma)AP - The housing slump isn't over.

US existing-home sales jump ahead of tax-break deadline (AFP)
AFP - Sales of existing US homes rose more than expected in April as homebuyers rushed to meet a federal tax credit deadline and the economy showed signs of recovery, an industry group said Monday.




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Survey

In your opinion; Has the housing market hit rock bottom yet?

The worse is behind us!
The worse is yet to come!
It is already on its way up!
We Aint Seen Nothin Yet!
I have no clue!



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  Get Real Get Real: Foreclosure Power Search USA


Foreclosures and Distressed Properties in your Area!




"Foreclosure Power Search USA" makes it easy! It provides you with unlimited free access to all listings! Just install this application on your PC and connect to the Internet. It will run in your Internet browser to access Foreclosures, Distressed properties and repossessions currently offered for sale by the US Government, Commercial Banks and other Lenders, updated daily and never a fee...
 
 
  Posted by reinetwork on Thursday, November 09 @ 13:49:28 EST (2200 reads)
(Read More... | 4933 bytes more | Get Real | Score: 4.94)
 

 
 
National Mortgage Rate Trend


The image “http://www.bankrate.com/usergraph/chart_img.aspx?tf=91&ct=&prods=1&gs=275,250&st=&c3d=False&bgcolor=&topgap=&bottomgap=&rightgap=&leftgap=&seriescolor=” cannot be displayed, because it contains errors.
 
 


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