| STARKE PULASKI BOARD OF REALTORS |
| Becky L. Pulver Executive Officer |
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Mission Statement
The Starke Pulaski Board
of REALTORS® is a
diverse group of people
who derive an income
from the real estate
industry. The
organization promotes
competence and education
and strives to increase
professionalism. Its
purpose is to enhance its
members abilities to be
successful through
networking, supportive
services and we
enforcement of the
National Association of
REALTORS® Code of
Ethics for the protection
of its members and the
public we serve.
The Starke Pulaski Board
of REALTORS® is a
diverse group of people
who derive an income
from the real estate
industry. The
organization promotes
competence and education
and strives to increase
professionalism. Its
purpose is to enhance its
members abilities to be
successful through
networking, supportive
services and we
enforcement of the
National Association of
REALTORS® Code of
Ethics for the protection
of its members and the
public we serve.
| 0035 East 250 North Knox, Indiana 46534 |
| Designed & Maintained by Becky L. Pulver |
| Disclaimer : The information contained in our website is believed to be reliable but is not guaranteed. We make every effort to maintain this website to have current, accurate information. However, we cannot warrant the accuracy of the information contained in our website. This includes, but is not limited to, our website and information contained in websites that are linked to our information contained in website. |
| 574-772-5300 phone ~ 574-772-4968 fax ~ spbor1@csinet.net e-mail |
| Housing Market May Be Stabilizing U.S. Banker | February 2009 By Joseph Rosta Print Email Reprints Feedback It could take a lot more government prodding and pushing, but there are signs that the housing market is nearly done collapsing and may now start treading recessionary waters. Both RealtyRac and ForeclosureS.com report a sharp decline in month-over- month foreclosures in January. RealtyTrac, which measures default notices, auction sale notices and bank repossessions, reported a 10 percent decrease from December 2008. Completed foreclosures declined 25.7 percent in January, according to ForeclosureS.com, and pre-foreclosure filings fell 12 percent. “The freeze in foreclosures by Fannie Mae, Freddie Mac, and other institutions, and spreading adaptation of the FDIC’s loan modification plan accounts for most of the dip,” says Alexis McGee, president of ForeclosureS.com. With the modifications, “a lot fewer homeowners are being forced through the foreclosure process—their loans are not ending up as a trustee’s deed,” McGee notes. “Lenders are becoming more accommodating, giving borrowers more rope.” Recidivism is expected: “The point is not to have them [foreclosures] hit all at one time.” And the Obama economic team has promised to move quickly on a five-step plan to deal with the foreclosure crisis. Under the program, the Federal Reserve will continue to buy GSE mortgage-backed securities and GSE debt; $50 billion will go to foreclosure prevention through loan modifications; loan modification standards will be established; financial institutions receiving federal capital will be required to adopt loan modification plans; and flexibility will be added to Hope for Homeowners and FHA efforts to help distressed homeowners. Citigroup on Thursday announced a moratorium on “all Citi-owned first mortgage loans that are the principal residence of the owner as well as all loans Citi services where we have reached an understanding with the investor,” according a statement by Citi CEO Vikram Pandit. JPMorgan Chase made a similar move. Beyond the foreclosure mess, the overall housing market may be regaining its equilibrium, if painfully. “Builders aren’t building, and supplies are falling,” says McGee. “In California, there’s a six-month supply of new houses, compared to 13 months worth a year ago.” |
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