Milwaukee Real Estate Blog - SE Wisconsin Real Estate - Franklin, Oak Creek, Greenfield, Greendale, Muskego, New Berlin
Milwaukee, WI
Date: 2 December 2009
By: Reuters
Link:http://www.cnbc.com/id/34242187
The meltdown of the U.S. housing market is not over yet, and home prices will soon start trekking downward again as a flood of foreclosures looms, a well-known economist said Wednesday.
Mark Zandi, chief economist at at Moody’s Economy.com in West Chester, Pennsylvania, said in an interview with Reuters home prices will [...]
3 December 2009
By ALAN ZIBEL (AP)
Link: http://www.google.com/hostednews/ap/article/ALeqM5hPHFMSZDHZNqzg3uDQ1tvmGdoq4wD9CBV34G0
.
WASHINGTON — The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent this week, pushed down by an aggressive government campaign to reduce borrowing costs. The rate, published Thursday by Freddie Mac, is the lowest since the mortgage finance company began tracking [...]
By: Thomas Content of the Journal Sentinel
Date: Nov. 19, 2009
Source: Milwaukee Journal Sentinel 20 November 09
Link: http://www.jsonline.com/business/70478967.html
Some fear foreclosure pace could accelerate
One of every nine homeowners in Wisconsin was behind on mortgage payments or in foreclosure at the end of September – a record level that industry observers said Thursday is likely to rise. [...]
Source: cnbc.com
Date: 30 November 2009
Link: http://www.cnbc.com/id/34207654
Should homeowners who are behind in their mortgage be allowed to just walk way from the payments? A University of Arizona law professor suggests that maybe they should. While not recommending that homeowners forgo their responsibilities, Professor Brent White told CNBC Monday that there is a different set of [...]
