Archive for December, 2011

Falling Home Prices Making California a Move-To State Again

Texas may be holding on to the Magnet State title, but the Allied Van Lines’ 44th Annual Magnet States Report shows California regaining a strong a position on the inbound list after more than a decade on the outbound. For the seventh year in a row, Texas eclipsed every other state and took the lead [...]

Market Favors People Buying Condo Foreclosures and Residences

Traditional homebuyers and investors who are into and other types of residential properties will retain their advantage for the rest of 2011, according to majority of housing industry analysts. They argued that the residential property sector will remain a buyer’s market for the rest of the current period. The number of might not have risen [...]

House GOP makes deal to pass 2-month payroll tax cut extension

Speaker of the House John Boehner, R-Ohio, said he reached a deal to end an impasse with Democrats over a two-month extension of the payroll tax cut. As of late Thursday, the proposal still included a 10-basis-point increase in the guarantee fees charged by Fannie Mae and Freddie Mac. The Congressional Budget Office said the [...]

Wells Fargo Making Waves on Wall Street (Update 1)

Adds a response from a JPMorgan spokeswoman in 14th paragraph. NEW YORK (TheStreet)– Wells Fargo(WFC) is quietly sneaking its way into the deal making and trading businesses, showing impressive growth amid the struggles of industry leaders like Goldman Sachs(GS)and JPMorgan Chase(JPM) Loan syndication at Wells Fargo jumped 72% from the first quarter to the third [...]

October Foreclosure Numbers Go Up Again

Tweet In what is no surprise to anyone who has followed the housing market for the past few years, the number of foreclosure filings increased nationwide in October, the third month in a row, by 7%. Even though the overall foreclosure rate is still down 31% year over year, the monthly increase is a troubling [...]