Bob's Blog

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Services for Real Estate Pros
This blog contains selected content from REWealthCoach.com, a blog for realtors and investors containing news, tips, opinion and strategies for making it in today's real estate world.

ARCHIVED BLOG POSTS

2010 

Bloomberg blog documents the growing trend for homeowners thinking of defaulting on an under water mortgage to try to buy another home first. One mortgage broker in Ft. Lauderdale commented that he is getting as many as 10 calls a month from homeowners inquiring about getting a mortgage on a seco...
08/17/2010
Altos Research Analyst, Scott Sambucci, recently gave a webinar where he stated that the housing market is “worse than you think.” He anticipates that at the beginning of 2011 housing prices will cross paths with the prices that were reached in 2009 and will go lower. The recovery period will dep...
08/17/2010
The Administration has approved $2 billion from the Housing Finance Agency Innovation Fund for Hardest Hit Housing Markets to help homeowners with unemployment, under-employment or medical problems that prevent work to stay in their homes. Homeowners in these situations who are facing foreclosure...
08/17/2010
Claus Vogt, an analyst for Money and Markets noted when the Economic Research Institute’s (ECRI) Weekly Indicator crossed a point that almost guarantees a recession. On July 14 the index’s growth rate was -8.3%. In the week ending July 30 the index declined even further to -10.3% growth rates. Th...
08/17/2010
Fannie Mae and Freddie Mac have issued their latest housing forecasts. The Fannie Mae forecast expects existing home sales to reach 5.14 million which is .2% below the 2009 totals. It expects 2011 sales to reach 5.46 million, a modest 5.6% increase. Home prices will go down 1.6% in 2010 and gain ...
08/17/2010
Congress has approved an increase of single family mortgage insurance premiums for loans made through the Federal Housing Administration. The fee has been tripled from .55% to 1.55% of the amount borrowed. The annual fee increase comes on top of the up front mortgage premium increase that was app...
08/17/2010
The Obama Administration took some of the money not used for TARP and has poured it into the states hardest hit by foreclosure. Five states have been added to the program recently: North Carolina ($159 million), South Carolina ($138 million), Ohio ($172 million), Oregon ($88 million), and Rhode I...
08/17/2010
Separate reports by Clear Capital and Barclays Capital confirm that during the May-July period bank-owned property continued to decline as a percentage of the total homes on the market. Barclay’s report notes that REO units fell by .6% in May to 524,000 properties. The number of pre-foreclosures ...
08/17/2010
The ink is now dry on the 2300 page Financial Reform Bill, the most sweeping set of financial regulations to be passed into law in the U.S. since the 1930s. The law will directly impact nearly every American, including Investors. There will be a new set of consumer protections and transparency in...
08/17/2010
A new report by the housing market research company, CoreLogic, pegs the likely losses in housing value in the gulf region due to the Gulf Oil Spill to be $648 million over the next year to $3 billion over the next 5 years. If the worst case scenario occurs and the effects of the oil spill impact...
08/17/2010
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Bob Massey

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