What Do You Know About The CHANGE The Real Estate Market

Below is the News from Florida association of REALTOR

1) Feds push mortgage companies to modify more loans

WASHINGTON – July 29, 2009 – The Obama administration, scrambling to get its main housing initiative on track, extracted a pledge from 25 mortgage company executives to improve their efforts to assist borrowers in danger of foreclosure.
http://www.floridarealtors.org/NewsAndEvents/n5-072909.cfm


2) June new home sales rise 11 percent

WASHINGTON (AP) – July 27, 2009 – New U.S. home sales rose by the largest amount in more than eight years last month, in another sign the housing market is finally bouncing back from the worst downturn in decades.
http://www.floridarealtors.org/NewsAndEvents/n4-072709.cfm

3) Staging a high-end home for sale requires a different kind of makeover
SOUTH FLORIDA – July 27, 2009 – The crashing economy and crumbling real estate market have had an unexpected side effect: an emergence of the frugal rich who no longer buy just because, but demand to visualize themselves in a palace before they plunk down the cash. http://www.floridarealtors.org/NewsAndEvents/n5-072709.cfm

4) Frank threatens banks to stop foreclosures
WASHINGTON – July 30, 2009 – A senior House Democrat threatened banks Wednesday that if they don’t volunteer to save more homeowners from foreclosure, Congress will make them.In a sternly worded statement, Rep. Barney Frank said Congress will revive legislation that would let bankruptcy judges write down a person’s monthly mortgage payment if the number of loan modifications remains low.
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=220583

5) Reports show economy mending
WASHINGTON – July 30, 2009 – Economic indicators keep saying what investors have known for months: Things are getting better. http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=220587

6) New Federal Housing Administration loan assistance
WASHINGTON – July 30, 2009 – Loans backed by the Federal Housing Administration (FHA) will be eligible for payment reductions similar to the Obama administration’s loan modification program, the government will announce Thursday.
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=220590


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