The Real Estate Pulse

Making news the week ending May 1st, 2010:

24 Rooms in an efficiency? Check out how to get the most of space:
A video from “World’s Greenest Homes” highlights a Hong Kong architect who transformed his efficiency into a 24 room living experience.

MarketWatch answers some important questions about credit reports:
How long does derogatory information remain on your credit report? This Q and A from MarketWatch has some explanation.

Homebuyer tax credits are over, now what?
The home buyer tax credit has officially expired. Some are upset, others are happy. The REOInsider has insight how this will impact the real estate market.

More mixed foreclosure data…
Although a recent report by Lender Processing Services (LPS) indicates about 7.39 million non-current and REO loans darken the Real Estate landscape, there is a recent reduction in delinquencies. Although the March foreclosure numbers improved from February there was an increase in loans moving from seriously delinquent to foreclosure. The Real Estate Economy Watch analyzes the newest data.

There’s no surprise in who’s backing residential mortgages:
The Wall Street Journal explains who is providing home loans; you might be surprised to know that a report from Mortgage Finance indicated that 96.5% of all home mortgages in the first quarter of 2010 were backed by Government entities. Government entities only backed 90% of all residential mortgages in the fourth quarter of 2009.

And Finally this week…
The Wall Street Journal reported that Karl Rove’s Washington, DC home is under contract.

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Copyright © 2010 Dan Krell