First Source Solutions | Orange County | HAFA Short Sales | Realtor | Weblog for First Source Solutions | Orange County's Premier HAFA Short Sale Broker | HAMP HAFA CDPE SFR

Prices Post Biggest Drop in Two Years as Foreclosures Depress Market

Home prices in the U.S. continue to tumble. In recent months, that path of descent has become more precipitous as foreclosures claim a larger share of the market.

Residential home prices slipped 2.5 percent during the first quarter of this year when compared to the previous quarter, according to a national index from the Federal Housing Finance Agency Read More »

Recent Blog Posts
	Success for April Home Sales Doesn’t Diminish Market Doubt A recent report from San Diego-based DataQuick reveals that although the monthâ€™s overall home sales increased, job security, tax increases, and other market uncertainty will ultimately limit growth. It is even believed that these concerns are so real that Read More »

	Fitch: Price Gains May Be too Rapid in Certain Markets In some markets, the recent home price gains may actually be too rapid, leading to concerns of a market imbalance that could eventually stall or reverse the positive trend, according to an analysis from Fitch Ratings. While the unemployment Read More »

	Farm Losses, Sequester Cut April Income, Spending Falls Restrained by drops in farm income and sequester-driven cuts in government programs, personal income slipped $5.6 billion in April while personal consumption spending dropped $20.5 billion, the Bureau of Economic Analysis reported Friday. Though the income drop was less Read More »

	New York AG Presses for Passage of Two Foreclosure Bills New York Attorney General Eric T. Schneiderman recently brought attention to two foreclosure bills meant to provide greater protection to homeowners in the state. The Certificate of Merit gives homeowners who are facing foreclosure the chance to participate in Read More »

	Waushara County Adopts Electronic Document Recording System Waushara County in Wisconsin is now using eRecording to electronically record real estate and land use records. Read More: Waushara County Adopts Electronic Document Recording System Read More »

	Freddie Mac: Fixed Rates Soar to Highest Level in a Year Encouraging economic data helped lift fixed mortgage rates to their highest level in the past year this week, according to surveys from Freddie Mac and Bankrate.com. Freddie Mac’s survey showed the 30-year fixed rate rising to an average 3.81 Read More »

	Long & Foster Commercial Broker Named Top Producer Long & Foster Real Estate, Inc. announced Arthur Nachman, a commercial broker with the company’s Virginia Commercial office, was honored as Top Producer. More: Long & Foster Commercial Broker Named Read More »

	Hunoval Law Firm Welcomes New Managing Attorney The Hunoval Law Firm, PLLC, which operates out of North Carolina, South Carolina, and Virginia, hired Brian Calub to join the firm as managing litigation attorney. View post: Hunoval Law Firm Read More »

	Report: U.S. Recovery Stalled by Fiscal Tightening, Housing to Improve There are still two main problems stalling economic rejuvenation: weakness of global growth and continued fiscal tightening, according to Capital Economics’ US Economic Outlook for Q2. Read More: Read More »

	Home Sales in Massachusetts Slow as Prices Surge Another spike in home prices drove Massachusetts sales down for the third straight month in April, according to the Warren Group. The group reported 3,504 single-family home sales in the Bay State in April, a 1 percent decline from Read More »