July 6, 2012

FRIDAY FACTS

July 6, 2012

 

  • Inman News reports that a quarterly survey of 100 economists, real estate experts and investment strategists believe that after a slight dip in 2012, home prices will see modest increases starting in 2013 through 2016.

 

  • Unroll.me, available to all Gmail users allows you to easily unsubscribe from numerous marketing emails at once.

 

  • On June 29th, Congress approved a five year extension to the National Flood Insurance Program.  Changes to the program include more flexibility for the government to raise rates and coverage ending for some properties including vacation homes.

 

  • A recent report from the Joint Center for Housing Studies of Harvard University noted, “With demand reviving and inventories of homes for sale depleted, home prices may well find a bottom this year … Nevertheless, a number of conditions may keep the recovery in the owner-occupied market relatively subdued.  The backlog of roughly 2 million loans in foreclosure means that distressed sales will remain elevated, keeping prices under pressure.”
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