{"id":4878,"date":"2010-05-14T09:53:03","date_gmt":"2010-05-14T14:53:03","guid":{"rendered":"https:\/\/bhgrealestateblog.com\/?p=4878"},"modified":"2024-12-30T14:34:46","modified_gmt":"2024-12-30T19:34:46","slug":"week-in-review-things-we-liked-from-the-week-that-was-22","status":"publish","type":"post","link":"https:\/\/bhgrecareer.com\/bebetterblog\/week-in-review-things-we-liked-from-the-week-that-was-22\/","title":{"rendered":"Week in Review: Things We Liked from the Week That Was"},"content":{"rendered":"<p style=\"text-align: justify\">This week offered a mixed bag of good and bad news. On the positive front, the <a href=\"http:\/\/www.usatoday.com\/money\/economy\/housing\/2010-05-10-mortgage-payments-late_N.htm\">rate of late mortgage payments<\/a> dropped in the first quarter of 2010 and RealtyTrac reported that foreclosures were <a href=\"http:\/\/www.marketwire.com\/press-release\/Foreclosure-Activity-Decreases-9-Percent-April-According-RealtyTrac-US-Foreclosure-Market-1259380.htm\">down 9 percent<\/a> in April from the previous month and <a href=\"http:\/\/www.usatoday.com\/money\/economy\/housing\/2010-05-13-foreclosures13_ST_N.htm\">down 2 percent<\/a> from April of 2009. Foreclosures of homes that are worth more than <a href=\"http:\/\/www.usatoday.com\/money\/economy\/housing\/2010-05-10-milliondollarhomes10_ST_N.htm\">one million dollars,<\/a> however, began increasing at the end of 2009, leaving many McMansions vacant on the market (let\u2019s just hope they are <a href=\"http:\/\/online.wsj.com\/article\/SB20001424052748704307804575234193315017382.html#mod=todays_us_page_one\">not leaving out of anger<\/a>). Also this week, <a href=\"http:\/\/www.usatoday.com\/money\/economy\/housing\/2010-05-10-fannie-more-money_N.htm\">Fannie Mae<\/a> asked the government for <a href=\"http:\/\/online.wsj.com\/article\/SB20001424052748703880304575236030191182938.html#mod=todays_us_page_one\">$8.4 billion in aid<\/a>. Although we are seeing signs of a recovery, the market is still not where it once was.<\/p>\n<p style=\"text-align: justify\">Reports out this week show the <a href=\"http:\/\/online.wsj.com\/article\/SB20001424052748704292004575230223686062524.html#mod=todays_us_page_one\">real estate industry<\/a> may be one of the last to rebound from the recession. We sure hope they are wrong! What are some ways we can shift the increased <a href=\"http:\/\/www.conference-board.org\/economics\/consumerconfidence.cfm\">consumer confidence<\/a> of a general recessionary rebound to the real estate market? How can we get consumers to see the light at the end of the real estate tunnel, much like they are seeing in the <a href=\"http:\/\/www.usatoday.com\/money\/economy\/housing\/closetohome\/2010-05-10-real-estate-boston_N.htm\">Greater Boston area<\/a>?<\/p>\n<p style=\"text-align: justify\">CoreLogic this week reported that 24 percent of home mortgages are considered <a href=\"http:\/\/www.inman.com\/news\/2010\/05\/11\/top-10-areas-with-lowest-highest-rate-underwater-homes\">\u201cunderwater,\u201d<\/a> with Las Vegas leading the pack. States that are most impacted by this are being charged to find innovative solutions with <a href=\"http:\/\/money.cnn.com\/2010\/05\/12\/news\/economy\/state_foreclosure_prevention\/\">$2.1 billion in federal funding<\/a>. I can not wait to see how these efforts pan out!<\/p>\n<p style=\"text-align: justify\">New numbers from Zillow show <a href=\"http:\/\/www.bizjournals.com\/phoenix\/stories\/2010\/05\/10\/daily39.html\">home prices<\/a> around the country fell <a href=\"http:\/\/www.housingwatch.com\/2010\/05\/13\/home-prices-hop-around-trying-to-find-bottom\/\">3.8 percent<\/a> year-over-year But, of course, there are <a href=\"http:\/\/www.forbes.com\/2010\/05\/05\/most-expensive-homes-lifestyle-real-estate-luxury-properties-amenities.html?boxes=lifestylechannellighttop\">exceptions<\/a> and reports from NAR and Integrated Asset Services show prices are stabilizing in many markets, including <a href=\"http:\/\/online.wsj.com\/article\/SB10001424052748703565804575238742710279712.html?mod=WSJ_SecondHomes_sections_ReaEstate\">California<\/a>. Further, according to CoreLogic&#8217;s Home Price Index, when distressed sales are excluded from calculations, there is a <a href=\"http:\/\/www.usatoday.com\/money\/economy\/housing\/2010-05-12-homeprices12_ST_N.htm\">4.9 percent rise<\/a> in U.S. prices from this February through next February. Phew!<\/p>\n<p style=\"text-align: justify\">On a personal note \u2013 my iPad arrived this week! Other than my shoes, it\u2019s already my favorite accessory. Anyone else enjoying the iPad or another new device?<\/p>\n<p style=\"text-align: justify\"><a href=\"https:\/\/bhgrecareer.com\/bebetterblog\/wp-content\/uploads\/sites\/11\/2010\/05\/Sherry_iPad.jpg\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-medium wp-image-4880\" title=\"iPad\" src=\"https:\/\/bhgrecareer.com\/bebetterblog\/wp-content\/uploads\/sites\/11\/2010\/05\/Sherry_iPad-300x225.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/bhgrecareer.com\/bebetterblog\/wp-content\/uploads\/sites\/11\/2010\/05\/Sherry_iPad-300x225.jpg 300w, https:\/\/bhgrecareer.com\/bebetterblog\/wp-content\/uploads\/sites\/11\/2010\/05\/Sherry_iPad-100x75.jpg 100w, https:\/\/bhgrecareer.com\/bebetterblog\/wp-content\/uploads\/sites\/11\/2010\/05\/Sherry_iPad.jpg 604w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week offered a mixed bag of good and bad news. On the positive front, the rate of late mortgage payments dropped in the first quarter of 2010 and RealtyTrac reported that foreclosures were down 9 percent in April from the previous month and down 2 percent from April of 2009. Foreclosures of homes that [&hellip;]<\/p>\n","protected":false},"author":141,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[2251,5171,5331,9261,9441,9711,14271,14431,15371,20891,21701,23321,25641,27631,28201,29011,31161,33981,35641,35771,42411,47531],"class_list":["post-4878","post","type-post","status-publish","format-standard","hentry","category-commentary","tag-apple","tag-boston","tag-brand-building","tag-confidence","tag-consumers","tag-corelogic","tag-fannie-mae","tag-federal","tag-foreclosures","tag-industry","tag-ipad","tag-las-vegas","tag-market","tag-mortgage","tag-nar","tag-news","tag-payments","tag-real-estate","tag-realtytrac","tag-recovery","tag-tech","tag-zillow"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Week in Review: Things We Liked from the Week That Was - Better Homes and Gardens Real Estate Be Better Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bhgrecareer.com\/bebetterblog\/week-in-review-things-we-liked-from-the-week-that-was-22\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Week in Review: Things We Liked from the Week That Was - Better Homes and Gardens Real Estate Be Better Blog\" \/>\n<meta property=\"og:description\" content=\"This week offered a mixed bag of good and bad news. On the positive front, the rate of late mortgage payments dropped in the first quarter of 2010 and RealtyTrac reported that foreclosures were down 9 percent in April from the previous month and down 2 percent from April of 2009. 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