July 14, 2011 By Dees Stribling, Contributing Editor 
The focus in Congress for the moment might be the debt ceiling, but not too far in the background the effort to reform Fannie Mae and Freddie Mac chugs alongthough not necessarily at a rapid pace. Yet reform isnt quite the term, since of the operative assumption of leadership in the U.S. House of Representatives is that the best reform of the GSEs would relegate them to the dustbin of history, and even the Obama administration seems to go along with that idea.
As part of a 31-page report that the administration sent to Congress in February, the administration used the term wind down to refer to the future of the GSEs, but urged a timetable of at least five years to wean the real estate industry off of Fannie and Freddie.
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DetailsAddress:4225 Governors Hill StreetType:ResidentialBedrooms:3Bathrooms:2Garage:2, DetachedSize:1,630 sq. ft.Lot Type:RectangularLot Size:6,098 sq. ft.Year Built:2004Association Fees:$70.00 USDMLS:1162865DescriptionSingle story home in the North West part of the valley. Close to the freeway. 3 bedrooms, 2 bathrooms. Short sale subject to lender approval.
Call: 702-496-5000
For Espanol: 702-726-9399
WE ARE THE TOP FORECLOSURE LISTING OFFICE IN LAS VEGAS. WE GET NEW LISTINGS DAILY AND WORK DIRECTLY FOR THE BANK. TO FIND OUT MORE INFORMATION ON OUR UPCOMING LISTINGS PLEASE CALL 702-496-5000 OR EMAIL Info@HorizonREG.com TODAY!
SOMOS LA EXCLUSIÓN SUPERIOR LISTADO DE OFICINA EN LAS VEGAS. REC Read Article…
Bing Crosbys former 1936 southern colonial home in the Toluca Lake section of Los Angeles is offered at $4.795 million.
The crooner was the estates original owner, living here with wife Dixie and four sons until a 1943 Christmas tree fire in 1943 caused the family to lose their cocker spaniel, Bings complete record collection, and trophies. Bing sold the fire-ravaged estate for $15,000 and moved his family to Mapleton Drive in Beverly Hills.
The original estate was situated on four acres which housed stables and a carriage house which served as a residence for the maid and the chauffeur. Subsequent owners divided and sold lots. The
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Foreclosure filings in the first half of this year fell 25 percent from the last six months of 2010 and are off 29 percent from the first half of 2010.
Though filings rose 4 percent in June from May, they were down 29 percent from June 2010. June was the ninth straight month where foreclosure activity decreased on a year-over-year basis, according to RealtyTrac’s Midyear 2011 Foreclosure Market Report.
However, the time that properties foreclosed were in the foreclosure process rose nearly 15 percent from a year ago. It now takes an average of 318 days from the initial foreclosure notice to the completed foreclosure, up from a revised 298 days in the first quarter and up from 277 days in the second quarter of 2010.
The foreclosure process took the longest in New York, at 966 days on average for properties foreclosed in the second quarter, followed by New Jersey at 944 days and Florida at 676 days. Texas
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Edmonton Real Estate Market Update
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New listings: 474 (487, 500, 547)
# Sales: 259 (289, 297, 295)
Ratio: 55% (59%, 59%, 54%)
# Price changes: 255 (324, 312, 349)
# Expired/Off Market Listings: 403 (421, 150, 177)
Net loss/gain in listings this week: -188 (-223, 53, 75)
Active single family home listings: 3141 (3086, 3216, 3204)
Active condo listings: 1858 (1832, 1925, 1868)
Homes 4-week running average: $387k ($384k, $387k, $388k)
Condos 4-week running average: $225k ($225k, $229k, $236k)
Condos don’t seem to be performing nearly as well as single family homes. I
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Has your home been sitting on the market for months? Years? You’re not alone, and while there’s an obvious reason why – the lousy market! — it may also have something to do with your real estate agent. Should you break up? Ask yourself the following questions:
Are they getting back to you in a timely manner? A good real estate agent — no matter how busy they are — is on the cell 24-7. He/she should not only be checking in with you regularly, by updating you on everything from inquiries to viewings to work that’s being done on your behalf to buyer feedback, but should also be accessible to answer any questions you might have (and not pawn you off to his/her assistant – that’s just unprofessional).
Do they know what they’re doing? Inexperience can be a killer in a market that’s as weak as this one. You need someone who
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