Fewer U.S.homeowners ‘underwater’ as foreclosures mount

Sep 19, 2011 Comments Off by

The number of U.S. homeowners who owe more than their property is worth slipped in the second quarter as more residences were lost to foreclosure. About 10.88 million homes, or 22.5 percent of those with a mortgage, were “underwater” as of June 30, that’s down from 10.91 million, or 22.7 percent, in the prior three […]

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Housing market may be better off left alone—economists

Sep 19, 2011 Comments Off by

President Obama’s proposal to expand access to mortgage refinancing has reignited a debate about the appropriate role for government in supporting the housing market. Some economists argue that the best way to spur the recovery is to stop intervening, let matters run their course, and allow home prices to normalize naturally. The new initiative, briefly […]

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US seeking to unload foreclosed homes

Sep 14, 2011 Comments Off

The government is wanting to unload 677 foreclosed single-family homes in the 15-county Greater Cincinnati region that it or government-sponsored Fannie Mae and Freddie Mac now own. There is a list of 92,000 properties the Government holds nationally. The government is asking investors and others to send in ideas on what to do. The Cincinnati […]

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US property values increase 4 pct

Sep 14, 2011 Comments Off

The cost of property in the U.S. increased by 4 percent in the second quarter of the year, research suggests, although some areas registered significant price falls. Properties in the Midwest of the country enjoyed the largest gains in price, up 7.3% on the previous three months. This was followed by the North East and […]

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