Monthly Archives: April 2011

The Commerce Department

The Commerce Department reported the average price of a new home sold in December was the highest it’s been since July 2008–$291,400.

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After four years of plunging home prices……..

Those of us who think we can participate in a housing market recovery sooner rather than later just got welcome support from some industry experts. As reported by Fortune on CNNMoney.com, “After four years of plunging home prices, the most attractive … Continue reading

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Some up – Some Down

Despite softer home sales, Lennar revealed on Tuesday a first-quarter profit over a year ago loss on improvements in its distressed real estate business. The company posted net earnings of $27.4 million, or 14 cents a share, compared with a loss of $6.5 … Continue reading

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Home Affordable Modification Program, On the cutting board?

House Republicans pushed through legislation last Tuesday to terminate an underachieving Obama administration program designed to reduce mortgage payments for homeowners in danger of losing their homes to foreclosure. Most Democrats, while acknowledging that the Home Affordable Modification Program has … Continue reading

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