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Today's Real Estate News - Monday, February 08

Mortgage rates edge up slightly

Rates on 30-year fixed mortgages rose slightly this week, inching above 5 percent, Freddie Mac said Thursday.

Freddie Mac - Mortgage - Loan - Macintosh - Apple

NYT: No help in sight, more homeowners walk away

By June, about 5.1 million people are projected own a home whose value is below 75 percent of what is owed, prompting many to walk away from their mortgages.

Mortgage - New York Times - Foreclosure - United States - Loan

Modest increase seen in home sales activity

The number of people preparing to buy a home rose slightly in December, a sign that home sales could be stabilizing heading into the spring home buying season.

Shrubs - Plants - Home - Gardening - Roses

Duplicity in mother-of-all mortgage walkaways

Tishman Speyer Properties walks away from 11,232 Manhattan apartments because it can't pay its mortgage. That's good business.

Tishman Speyer Properties - Business - United States - Financial Services - Mortgages

Some see hints of bottom in housing

Although evidence is mixed and tentative, some analysts see evidence that hard-hit housing markets in California, Arizona and elsewhere are showing signs of healing.

California - Arizona - United States - Business and Economy - Housing

Sales of new homes sink 7.6 percent

New home sales unexpectedly fell 7.6 percent last month, capping the industry's weakest year on record.


Business - Business and Economy - Construction and Maintenance - United States - Residential Housing

Flaws plague foreclosure relief program

Ten months into the government’s third program to stop a record wave of foreclosures, the latest effort is falling far short of its goal. By John W. Schoen

Foreclosure - Government - Health - Conditions and Diseases - United States