Steve Cook's (stevekcook) Blog

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  July 2011 RBI Pending Home Sales IndexTM: Washington, D.C. Metro Area – Signs of Slipping in Nation’s Housing Market   Home sales down more than normal for this time of year; still strong when compared to July 2010 reports     Rockville, MD – (August 10, 2011) – The following analysis of the Wa...
08/10/2011 has now partnered with ZipRealty, the third leading real estate site.  Buyers can get live rate estimates for closing costs as they surf Zip's listings.  Talk about one-stop shopping!   Here's more:  
With healthy inventories, 3 million foreclosures, more and more short sales, falling values, rising vacancy rates, shrinking rents and one third of all homeowners underwater, could we possibly be heading for a national housing shortage this year? Get ready say several leading economists.  Brian W...
NY Fed Economists Foresee Steep Decline in Homeownership   A new study by economists at the New York Federal Reserve suggests that "effective" homeownership rates have fallen as much as 25 to 45 percent below actual homeownership rates in metropolitan markets that have been hit hardest by falling...
Home prices have dropped so much in the past two years that if they continue to fall as expected, monthly ownership costs will be less than monthly rents in a number of major markets, according to a new study from the Center for Economic and Policy Research and the Low Income Housing Coalition.  ...
Five months and 1,1 million foreclosures after President Obama announced the Making Home Affordable programs, the Administration has yet to identify a single borrower who has closed on a modified loan under the program, though at least one servicer reports approving 87,100 mods. Treasury launched...
  Real Estate Economy Watch. a new Web site providing insight and intelligence on the residential real estate economy, opens for business today, The site delivers more analysis, fresher insight, expanded data, and more timely commentary and than was possible in the weekly newsletter. You will fin...
Every real estate professional should applaud the new program announced by President Obama yesterday.  It addresses the biggest solvable problems that have plagued every other effort.  Perhaps after more than half a million unsuccessful modifications last year we have learned something. 1.  It's ...
  Despite the record drop in property values, ijvesotr confidence is dtill hiher in real etqt ethan the stock market, according a new national surveuy that has just been released. By a margin of 53.7 percent to 30.8 percent, those surveyed believe real estate to be a better long-term investment t...

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