Monday, January 31, 2011

New Home Sales Greatly Distorted in December. Standard Error Huge

The Census Bureau and Department of Housing and Urban Development have released New Residential Sales data for December 2010. New Residential Sales data provides statistics on the sales of new privately-owned single-family residential structures in the United States. Data included in the press release are (1) the number of new single-family houses sold; (2) the number of new single-family houses for sale; and (3) the median and average sales prices of new homes sold. A house is considered sold when either a sales contract has been signed or a deposit accepted. Included in our estimates are houses for which a sales contract is signed or deposit accepted before construction has actually started; for instance, houses sold from a model or from plans before any work has started on the footings or...(read more)

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Source: http://www.mortgagenewsdaily.com/01262011_december_new_homes_sales.asp

Housing Starts President Obama Hope for home owners Fannie Mae

Remembering Mongolia

Back in 2005, I had the opportunity to visit rural China. Standing on the Western edge of the Great Wall, I could peer into the wind-swept pass leading to Mongolia.

I could also call home on a mobile phone that far exceeded the features of the handset I used in the United States. The cell phone service in China was better, by far, than the service I got in Washington.

Far from seeming rural and backwards, rural China was a reminder that technology moves fast and there is no reason to assume the United States will always be in the lead. I left China convinced American tech dominance was fleeting.

But here we are five years later and the two companies that look set to dominate the mobile phone revolution are Apple and Google. Together they now have a 42% share of the market for mobile phone operating systems.

And that is likely to grow with Android leaping from 3% a year ago to 25% at the end of 3Q 2010.

This is good news for anyone worried about the future of our economy. And by that I mean everyone in the United States. Mobile phones are the future of technology. With bigger screens and faster processors, smartphones are a good bet to replace laptops as the digital workhorse of the economy. When everyone is wired up with a smartphone, productivity increases. Smartphones will create new markets for virtual goods and services. And those smartphones will be powered by 4g networks that are faster than the wired network connecting your desktop to your cable modem.

The mobile computing revolution is gathering strength and its effects will be felt from Montana to Mongolia.

Source: http://www.pbs.org/nbr/blog/2011/01/remembering_mongolia.html

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Home Prices Stuck in Negative Feedback Loop. Would You Buy?

It looks increasingly more likely that the country may experience the dreaded "double-dip" in housing prices according to the S&P/Case-Shiller Home Price Indices released today. The indices reflect data through November and show a deceleration in the annual growth of home prices nationally and in 17 of the 20 metropolitan statistical areas (MSAs) that create its indices. S&P/Case-Shiller analyzes its national sample of 20 MSAs individually and uses them to construct a 10- and a 20-City Composite Index. Both indices fell in November from October levels by 0.4 percent and 1.6 percent respectively and prices fell in 19 of the MSAs; only San Diego eked out a negligible 0.1 percent gain. The report states that "since May 2010, the housing market has experienced an unambiguous deceleration...(read more)

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Source: http://www.mortgagenewsdaily.com/01252011_home_prices_double_dip.asp

Foreclosures Home Sales Outlook Housing Starts President Obama

Foreclosure activity rises 2% in 2010

Race for the Home Champs Find Home Sweet Home

?Nothing short of a whirlwind? is exactly how Erin Jones described her and husband Adam?s two-month journey from HomeFinder.com Race for the Home champions to bona fide first time home owners. On September 25, the Jones? beat out 200+ teams vying for a $20,000 cash down payment prize in the first ever HomeFinder.com Race for [...]

Source: http://www.homefinder.com/news/opening-doors/2010/12/23/race-for-the-home-champs-find-home-sweet-home/

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43 Percent of Trulia?s Audience is First Time Homebuyers

photo credit: ralphunden Today we announce the results of a comScore report, which shows that Trulia has the highest concentration of first-time homebuyers among the top real estate search engines. According to the report, 43 percent of Trulia’s audience consists of first-time homebuyers. Realtor.com’s audience has 31 percent first-time buyers and Zillow’s has 28 percent, [...]

Source: http://feedproxy.google.com/~r/TruliaBlog/~3/f50F3cYgHjk/

Foreclosures Home Sales Outlook Housing Starts President Obama

Short sales listings for sale now featured on Foreclosure.com

Boca Raton, Fla. ? Jan. 20, 2011 ? Foreclosure.com today announced that it recently added thousands of short sale properties for sale to its industry-leading, nationwide database of more than 2 million distressed real estate listings. To search for potential short sale homes for sale in your area visit http://www.foreclosure.com/short_sale/ today. What is a short [...]

Source: http://blog.foreclosure.com/2011/01/short-sales-listings-for-sale-now-featured-on-foreclosure-com/

Homes Foreclosures Home Sales Outlook Housing Starts

10 tips to snag a mortgage in 2011

Here's how to find the right loan terms and the right interest rate.

Source: http://realestate.msn.com/slideshow.aspx?cp-documentid=27236158

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Olgivy Method for Effective Real Estate Print Ad Design

Photo Gallery: President Obama?s 2011 State of the Union Address

Hansel & Gretel and the Map to Consumer Behavior

Empowering American Clean Energy and Efficiency Businesses

In this week’s State of the Union address, President Obama once again made it clear that one of his top priorities is ensuring U.S. global leadership in the emerging industries of clean energy  and energy efficiency.

Clean energy not only represents one of the greatest economic opportunities of the 21st century, it is also critical to our nation's ability to reduce our dependence on foreign oil and clean up our environment. 

To support entrepreneurs all across America who are developing clean energy and energy-efficient technologies – installing wind turbines and solar panels, developing improved batteries for hybrid cars and putting the pieces of the next generation electricity grid together – the  Department of Commerce is focused on several key areas.

read more

Source: http://www.whitehouse.gov/blog/2011/01/28/empowering-american-clean-energy-and-efficiency-businesses

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Over 1 Million White House Visitor Records Online

In September 2009, the President announced that – for the first time in history – the White House would routinely release visitor records. Today, the White House releases visitor records that were generated in October 2010. Today’s release also includes several visitor records generated prior to September 16, 2009 that were requested by members of the public during December 2010 pursuant to the White House voluntary disclosure policy. This release brings the grand total of records that this White House has released to over 1,000,000 records. You can view them all in our Disclosures section.

Source: http://www.whitehouse.gov/blog/2011/01/28/over-1-million-white-house-visitor-records-online

Real Estate Vacation Properties Loans and Mortgages Household Moving

AEI: Housing Market Can Function Without Government Support

The American Enterprise Institute has come forward with its proposal for reforming the housing finance system which advocates taking the government totally out of the picture and implementing a system reliant on credit quality to attract investors. In a White Paper titled Taking the Government Out of Housing Finance: Principles for Reforming the Housing Finance Market , authors Peter J. Wallison, Alex J. Pollock, and Edward J. Pinto fault the Dodd-Frank Act for ignoring government housing policies which "caused the recent financial crisis it was supposed to address." The report dismisses the assumption that institutional investors will not buy mortgage backed securities (MBS) unless they are issued by a government sponsored enterprise, government agency, or backed with a government guarantee...(read more)

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Source: http://www.mortgagenewsdaily.com/01242011_housing_finance_reform.asp

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Moody's Looks at Implications of GSE Reform. Sees Slow Process

That reform of the Freddie Mac and Fannie, the two government sponsored enterprises (GSEs) currently in government conservatorship, must get done and get done soon is pretty clear in a picture of their finances painted by Moody's Investors Service. The illustration is part of a special comment issued by the company on Monday; "The GSE Debate and the U.S. Mortgage Market." If the GSE model is to be preserved the report says, the GSEs would require far more capital and the risk premium on their debt would be much higher, necessitating either much higher mortgage rates or much more financial backing from the government. The choice would be between significantly contradicting the government's policy of providing affordable home financing or defeating the objective of encouraging maximum private...(read more)

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Source: http://www.mortgagenewsdaily.com/01252011_gse_reform_mbs.asp

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Got Questions About the State of the Union?

Do you have questions about any of the topics President Obama discussed in his State of the Union Address last night?  Over the next few days we will do our best to answer as many of them as possible.  We’ve lined up plenty of ways you can get involved and ask your questions answered about the topics you care about the most.

Check out the line-up below, find a way to ask your question, and be sure to tune in for the answers. 

TODAY, WEDNESDAY

  • Twitter Interview
    Follow @PressSec on Twitter to find out when we’ll be taking your questions, then respond to @PressSec using the hashtag #1Q and watch for video responses from a special guest early this afternoon.  

TOMORROW, THURSDAY

  • 11:30 a.m. EST: Economy Roundtable with Austan Goolsbee, Chairman of the Council of Economic Advisers.  
    Submit your questions through MSNMoney, Mint.com, and Examiner.com.  Tune in to WhiteHouse.gov/live to watch the live event.
  • 1:00 p.m. EST: Foreign Policy Roundtable Denis McDonough, Deputy National Security Advisor.
    Submit your questions through ForeignPolicy.com, Economist.com, and Military.com. Tune in to WhiteHouse.gov/live to watch the live event.
  • 2:30 p.m. EST: Live YouTube interview with President Barack Obama.
    Submit your questions or vote for your favorite questions at YouTube.com/AskObama. Tune in to WhiteHouse.gov/live to watch the live event. 
  • 3:15 p.m. EST: Education Roundtable with Secretary of Education Arne Duncan.
    Submit your questions on mtvU, GOOD, BabyCenter, and PBS Teachers. Tune in to WhiteHouse.gov/live to watch the live event.
  • 4:30 p.m. EST: Health Care Roundtable with Secretary of Health and Human Services Kathleen Sebelius.
    Submit your questions on WebMD, AOL Health, Nurse.com, and Medscape. Tune in to WhiteHouse.gov/live to watch the live event.
  • Yahoo! Interview with Vice President Joe Biden. 
    Yahoo! will be sitting down with Vice President Biden asking him your questions on Thursday afternoon. Go to Yahoo! to submit your question and check back again to see his answers.

Source: http://www.whitehouse.gov/blog/2011/01/26/got-questions-about-state-union

Housing Starts President Obama Hope for home owners Fannie Mae

Our Plan to Put One Million Advanced Technology Vehicles on America?s Roads

Last night, President Obama set a goal of making the United States the first country in the world to put one million advanced technology vehicles on the road. This goal is part of the President’s plan to rebuild our economy by investing in innovation to create the jobs and industries of the future.

Vice President Biden Greenfield 2

Vice President Joe Biden tours the Ener1 Inc. battery factory with Director of Manufacturing David Hahn and worker Wendy Howard in Greenfield, Indiana, Jan. 26, 2011. (Official White House photo by David Lienemann)

Today, Vice President Biden visited Ener1, Inc., a manufacturer of advanced batteries for electric vehicles, in Greenfield, Indiana to announce our plan to reach this one million vehicle goal by 2015. The facility that the Vice President visited would not exist if not for a $118.5 million grant from the Department of Energy, which was part of a $2.4 billion Recovery Act investment in electric vehicles . Ener1 added 120 jobs across the company in 2010 and the future looks bright. They expect to expand the manufacturing and assembly operation in Greenfield from 80 workers today to over a thousand by the start of 2013.

The Vice President got a first-hand look at Ener1’s assembly line and had a chance to chat with several workers. The Vice President was introduced by Wendy Howard, a mother of three, who joined Ener1 after being laid off from her previous job. Wendy proudly said that she now makes "hi-tech batteries for electric cars that don’t disturb the environment and don’t drink up oil that we don’t have."

Vice President Biden Greenfield 1

Vice President Joe Biden tours the Ener1 Inc. battery factory with CEO Charles Gassenheimer and COO Richard Stanley and is shown a THINK City, an electric car that uses Ener1 batteries, in Greenfield, Indiana, Jan. 26, 2011. (Official White House photo by David Lienemann)

Wendy and her co-workers at Ener1 will surely benefit from the three-part plan that Vice President Biden announced today, which will support electric vehicle manufacturing and adoption in the United States through generous new consumer rebates, investments in research and development, and a new competitive program to encourage communities to knock down regulatory barriers and invest in electric vehicle infrastructure, like public charging stations. You can learn more about the plan here.

As the Vice President said today, Ener1 and other companies like it are "building a brighter, cleaner, and more prosperous American future."

Brian Levine is Deputy Domestic Policy Advisor to the Vice President

Source: http://www.whitehouse.gov/blog/2011/01/26/our-plan-put-one-million-advanced-technology-vehicles-america-s-roads

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Will house prices continue to fall in 2011?

About 27 percent of American homeowners feel that prices will continue to drop in 2011, according to a Gallup poll conducted earlier this month, which is compared to 21 percent who feel they will finally begin to increase. Check out the graphic below, entitled “Expectations for Average House Prices:” Consumer confidence and attitudes are often [...]

Source: http://blog.foreclosure.com/2011/01/will-house-prices-continue-to-fall-in-2011/

Homes Foreclosures Home Sales Outlook Housing Starts

Confessions of a Real Estate Junkie/Data Feed Landscape

With the recent acquisition of ListHuB by Move, Inc, the possibility and in fact likelihood that the landscape for moving real estate listing content...

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Source: http://feedproxy.google.com/~r/TheRealEstateBookBlog/~3/RqbE9tGcRZ0/

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Real estate sales rebound in 2011, prices nearly flat

First Lady Visits Fort Jackson Military Base in South Carolina

When people hear about the First Lady's Let's Move initiative, the first thing they think of may not be the impact on our military -- but as it turns out it is extremely relevant. Yesterday First Lady Michelle Obama traveled to Fort Jackson, a U.S. Army Training Center in South Carolina, to be briefed by Army leadership on the consequences of childhood obesity, poor childhood nutrition and the lack of physical exercise on military readiness, and tour the post’s new “Soldier Athlete" initiative.

First Lady Briefed by Base Leadership at Fort Jackson

First Lady Michelle Obama is briefed by base leadership at Fort Jackson Drill Sergeant School in Fort Jackson, S.C.,

 

During the briefing, we heard about the challenges the Army faces because of the childhood obesity epidemic. Of the 120,000 Army recruits they get every year, 40% are overweight or obese. The Army gave a presentation that included some alarming data such as the increasing rates of stress injuries and rising dental care costs. In the year 2000, 42% of their recruits needed dental care before they could be deployed. In 2009, this number jumped to 62%.  

read more

Source: http://www.whitehouse.gov/blog/2011/01/28/first-lady-visits-fort-jackson-military-base-south-carolina

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Getting familiar with?Apple iPad

Getting familiar with?Apple iPad If you believe the hype from a recent article, sales of Apple iPads are projected to hit 28 million next year. No doubt by now you?ve held one of these devices in your hands or seen the guy next to you on the train with one. You?ve probably even read dozens [...]

Source: http://www.homefinder.com/news/opening-doors/2010/11/02/getting-familiar-with%e2%80%a6apple-ipad/

Real Estate Vacation Properties Loans and Mortgages Household Moving

President Obama on the Situation in Egypt: "All Governments Must Maintain Power through Consent, Not Coercion"

From an overnight memo from his National Security Advisor, to a Presidential Daily Briefing that was 40 minutes in length and focused entirely on Egypt, and on through the day, the President and much of the White House spent the day focused on the unfolding situation in Egypt.  This evening the President spoke out after a phone call with President Mubarak:

THE PRESIDENT:  Good evening, everybody.  My administration has been closely monitoring the situation in Egypt, and I know that we will be learning more tomorrow when day breaks.  As the situation continues to unfold, our first concern is preventing injury or loss of life.  So I want to be very clear in calling upon the Egyptian authorities to refrain from any violence against peaceful protestors. 

The people of Egypt have rights that are universal.  That includes the right to peaceful assembly and association, the right to free speech, and the ability to determine their own destiny.  These are human rights.  And the United States will stand up for them everywhere.

I also call upon the Egyptian government to reverse the actions that they’ve taken to interfere with access to the Internet, to cell phone service and to social networks that do so much to connect people in the 21st century.

At the same time, those protesting in the streets have a responsibility to express themselves peacefully.  Violence and destruction will not lead to the reforms that they seek.

Now, going forward, this moment of volatility has to be turned into a moment of promise.  The United States has a close partnership with Egypt and we've cooperated on many issues, including working together to advance a more peaceful region.  But we've also been clear that there must be reform -- political, social, and economic reforms that meet the aspirations of the Egyptian people.

In the absence of these reforms, grievances have built up over time.  When President Mubarak addressed the Egyptian people tonight, he pledged a better democracy and greater economic opportunity.  I just spoke to him after his speech and I told him he has a responsibility to give meaning to those words, to take concrete steps and actions that deliver on that promise. 

Violence will not address the grievances of the Egyptian people.  And suppressing ideas never succeeds in making them go away.  What’s needed right now are concrete steps that advance the rights of the Egyptian people:  a meaningful dialogue between the government and its citizens, and a path of political change that leads to a future of greater freedom and greater opportunity and justice for the Egyptian people.

Now, ultimately the future of Egypt will be determined by the Egyptian people.  And I believe that the Egyptian people want the same things that we all want -- a better life for ourselves and our children, and a government that is fair and just and responsive.  Put simply, the Egyptian people want a future that befits the heirs to a great and ancient civilization.

The United States always will be a partner in pursuit of that future.  And we are committed to working with the Egyptian government and the Egyptian people -- all quarters -- to achieve it. 

Around the world governments have an obligation to respond to their citizens.  That's true here in the United States; that's true in Asia; it is true in Europe; it is true in Africa; and it’s certainly true in the Arab world, where a new generation of citizens has the right to be heard. 

When I was in Cairo, shortly after I was elected President, I said that all governments must maintain power through consent, not coercion.  That is the single standard by which the people of Egypt will achieve the future they deserve.

Surely there will be difficult days to come.  But the United States will continue to stand up for the rights of the Egyptian people and work with their government in pursuit of a future that is more just, more free, and more hopeful.

Thank you very much. 

President Barack Obama discusses the situation in Egypt with Vice President Joe Biden and the national security team during the Presidential Daily Briefing in the Oval Office, Jan. 28, 2011. Attending the briefing, clockwise from the President are: National Security Advisor Tom Donilon; Chief of Staff Bill Daley; Deputy National Security Advisor for Strategic Communication Ben Rhodes; Tony Blinken, National Security Advisor to the Vice President; Deputy National Security Advisor Denis McDonough; John Brennan, Assistant to the President for Homeland Security and Counterterrorism; and Robert Cardillo, Deputy Director of National Intelligence for Intelligence Integration. (Official White House Photo by Pete Souza)

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Source: http://www.whitehouse.gov/blog/2011/01/28/president-obama-situation-egypt-all-governments-must-maintain-power-through-consent-

President Obama Hope for home owners Fannie Mae Freddie Mac

Jeff Zients Will Lead Reorganization of Federal Government

As the President said in the State of the Union address, winning the future will take doing what we can do now to prepare America to compete in the global economy for decades to come. That means out-educating, out-innovating, and out-building our competition; restoring fiscal responsibility to remove the burden of deficits and debt; and reforming our government so that it is more effective, efficient, and open to the American people. As the President put it, “We cannot win the future with a government of the past.”

The fact is that we live and do business in the information age, but the last major reorganization of the government happened in the middle of the last century. Over the past few decades, there has not been a business or large organization that has not rethought, retooled, and revamped how they did their job to respond to a growing, more competitive global economy and an ever-changing technology landscape. Yet too often, it seems that the federal government is stuck in the age of black-and-white television while we are competing in the age of the iPad.

For millions of Americans, this can lead to frustrating encounters trying to get the services you need and a waste of taxpayer dollars. For many businesses, it means that they may not have all the assistance they need to compete around the world. For instance, we have more than a dozen different agencies involved in exports. They all work with well with each other, but this is certainly not the optimal organization or allocation of resources if you were designing a system from scratch.

The President believes that we need to reform our government to make it better organized and better equipped to support American competitiveness. We want to ensure that we're aligning all of the resources we have into negotiating the best agreements, enforcing our trade rights, supporting our exporters and promoting their products.

That is why the President has asked Jeffrey Zients, our nation’s first Chief Performance Officer (CPO), to lead our reorganization effort. Our first focus will be looking at trade and exports to see how we can better reform these functions to give American companies a leg up in the global economy.

For the past two years as CPO and Deputy Director for Management of OMB, Jeff has led our Accountable Government Initiative (AGI), the President’s initiative to make government more efficient and effective, open and responsive. On his watch, we have cut government waste, bringing down the amount of improper payments on our way of reducing them by $50 billion by 2012; starting to get rid of unused federal buildings and property; overhauled how IT is purchased and used, saving billions; and deployed the latest technologies to make it easier of people to get the information and services they need from their government.

Jeff’s years of private sector experience means that he brings a unique perspective to his job as CPO and to this new assignment. Having been a CEO, management consultant, and entrepreneur, Jeff has a deep understanding of business strategy, process reengineering and operational management. In fact, Jeff spent the majority of his career leading two companies that help corporations around the world improve their performance by adopting best management practices.  

The President has also asked Lisa Brown to take on a new position and work with Jeff on this endeavor.  Lisa is currently Assistant to the President and Staff Secretary and previously served as Co-Chair of the Agency Review Working Group for the Obama-Biden Transition Project.  In these capacities and from her prior government service, she has developed a keen understanding of how the executive branch works.  She also brings management and legal acumen, having run a national non-profit organization and been a partner at a DC law firm.

Jeff and Lisa will draw on the resources of OMB to launch and run this effort, and they will be reaching out to the business community, experts, those who run these programs, members of Congress, and a wide range of stakeholders and citizens to get their input about how government can be reformed to best work for them.  I know that we all look forward to working with Jeff and Lisa on this important effort and to helping to create a better organized and more effective federal government.

Source: http://www.whitehouse.gov/blog/2011/01/30/jeff-zients-will-lead-reorganization-federal-government

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Sunday, January 30, 2011

Foreclosure process a ?mess? right now, but not ?life-threatening? for J.P. Morgan Chase

That’s the assessment from Jamie Dimon, who is the CEO behind one of the largest money-lending financial institutions in the nation, J.P. Morgan Chase He explains via MarketWatch.com: ?It is a big mess, it has cost us a lot of money. Unfortunately, the only way to do it right is name by name by name…. [...]

Source: http://blog.foreclosure.com/2011/01/foreclosure-process-a-mess-right-now-but-not-life-threatening-for-j-p-morgan-chase/

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Your Interview with the President

Yesterday, President Obama participated in a live YouTube interview, taking questions from people all over the country about everything from the Dream Act to renewable energy to situation in Egypt. This year, over 142,000 questions were submitted and 1,382,000 votes were cast. Check out the video of your interview with the President. You can watch the whole thing or skip to your favorite questions using the links below.

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Source: http://www.whitehouse.gov/blog/2011/01/28/your-interview-president

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HUD Awards $1.4 Billion in Homeless Program Grants

The Department of Housing and Urban Development (HUD) has announced the award of $1.41 billion in renewal funding for 6,741 local homeless assistance programs. The 12 month grants are part of the Obama Administration's Opening Doors strategy for ending homelessness and represent an increase of $40 million over awards made last year. The Opening Doors strategy was detailed in a report, Opening Doors: a Federal Study for Ending Homelessness written by the Interagency Council on Homelessness representing 19 federal agencies last June and covered extensively by MND. The Continuum of Care grants, as they are known, are designed to support a variety of services to get the homeless off the street, into transitional and ultimately permanent housing with the support needed to keep them housed. Two-thirds...(read more)

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Source: http://www.mortgagenewsdaily.com/01192011_hud_homelessness.asp

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Results: South Sudan Overwhelmingly Chooses to Secede

Our Plan to Put One Million Advanced Technology Vehicles on America?s Roads

Last night, President Obama set a goal of making the United States the first country in the world to put one million advanced technology vehicles on the road. This goal is part of the President’s plan to rebuild our economy by investing in innovation to create the jobs and industries of the future.

Vice President Biden Greenfield 2

Vice President Joe Biden tours the Ener1 Inc. battery factory with Director of Manufacturing David Hahn and worker Wendy Howard in Greenfield, Indiana, Jan. 26, 2011. (Official White House photo by David Lienemann)

Today, Vice President Biden visited Ener1, Inc., a manufacturer of advanced batteries for electric vehicles, in Greenfield, Indiana to announce our plan to reach this one million vehicle goal by 2015. The facility that the Vice President visited would not exist if not for a $118.5 million grant from the Department of Energy, which was part of a $2.4 billion Recovery Act investment in electric vehicles . Ener1 added 120 jobs across the company in 2010 and the future looks bright. They expect to expand the manufacturing and assembly operation in Greenfield from 80 workers today to over a thousand by the start of 2013.

The Vice President got a first-hand look at Ener1’s assembly line and had a chance to chat with several workers. The Vice President was introduced by Wendy Howard, a mother of three, who joined Ener1 after being laid off from her previous job. Wendy proudly said that she now makes "hi-tech batteries for electric cars that don’t disturb the environment and don’t drink up oil that we don’t have."

Vice President Biden Greenfield 1

Vice President Joe Biden tours the Ener1 Inc. battery factory with CEO Charles Gassenheimer and COO Richard Stanley and is shown a THINK City, an electric car that uses Ener1 batteries, in Greenfield, Indiana, Jan. 26, 2011. (Official White House photo by David Lienemann)

Wendy and her co-workers at Ener1 will surely benefit from the three-part plan that Vice President Biden announced today, which will support electric vehicle manufacturing and adoption in the United States through generous new consumer rebates, investments in research and development, and a new competitive program to encourage communities to knock down regulatory barriers and invest in electric vehicle infrastructure, like public charging stations. You can learn more about the plan here.

As the Vice President said today, Ener1 and other companies like it are "building a brighter, cleaner, and more prosperous American future."

Brian Levine is Deputy Domestic Policy Advisor to the Vice President

Source: http://www.whitehouse.gov/blog/2011/01/26/our-plan-put-one-million-advanced-technology-vehicles-america-s-roads

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In Economic Hard Times, Churches Suffer

Across the U.S., churches are losing their sanctuaries because they can't pay their mortgage debt. Some borrowed too much or built too big during boom times and now are struggling as congregations -- and collections -- shrink.

Source: http://online.wsj.com/video/in-economic-hard-times-churches-suffer/EB1C57C8-2...

Home Warranties Commercial & Investment Homes Foreclosures

Reuters Poll: Housing Bottom Seen in Mid-2011

This week we discussed the outlook for home prices and shared perspective on whether or not now is a good time to buy. This is the best guidance we could offer on the subject....

"Location location location" said MND's Managing Editor Adam Quinones when asked whether or not he would buy a home in this market.  "Certain parts of the country are outperforming others. I would do much research on local markets after deciding on the region I wanted to live in though.  Then I would avoid areas with an accumulation of similarly structured housing units.  For example I would not purchase a townhouse or condo unless I was able to do so at a deep discount,  I would be looking for a single-family home in an established neighborhoods with a proven school system.  Otherwise, the deal would have to be too sweet to pass up to get my attention.  There are opportunities to be taken advantage of, you just have to do your homework."

Reuters was kind enough to poll economists for us on their updated home price outlook. Here are the results....

...(read more)

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Source: http://www.mortgagenewsdaily.com/01282011_home_price_outlook.asp

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Denver Tech Center: Ready or Not, Here We Come

30-Year Fixed Mortgage Rates Rise for the First Time in Two Weeks

Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.69 percent, up from 4.62 percent at this same time last week. The 30-year fixed mortgage rate increased over the weekend, peaking at 4.7 percent on Saturday, then hovered near 4.68 percent for the remainder [...]

Source: http://www.zillow.com/blog/30-year-fixed-mortgage-rates-rise-for-the-first-time-in-two-weeks/2011/01/25/

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Voices of Health Reform: The President Addresses Families USA

This morning, President Obama addressed Families USA’s Health Action 2011 Conference and discussed how the Affordable Care Act is helping to strengthen our health care system for all Americans. 

In his remarks, the President highlighted two Americans that you may have heard about here on the White House website, Janine Vaughn, of Spokane, Washington and Gail O’Brien, of Keene, New Hampshire. Here is part of what the President said:

“I don’t want to tell students that we’re booting them off their parents’ coverage.  I don’t want to tell seniors that their medicine is out of reach again.  I don’t want to tell Janine her taxes are going back up, or Gail that she’s got to choose between keeping her home and getting well….

I don’t want that for America.  I don't want that for our families.  That’s not who we are and that’s not what we stand for.”
 

Janine and Gail are just two of the millions of Americans who are benefiting from the Affordable Care Act. You can listen to Janine’s story and watch a video of President Obama calling Gail at home.

read more

Source: http://www.whitehouse.gov/blog/2011/01/28/voices-health-reform-president-addresses-families-usa

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Health Care Reform Check-Up

Today, the House Budget Committee is holding a hearing about the fiscal impacts of the Affordable Care Act (ACA), which the President signed into law last year and has already given Americans new freedoms and protections. It’s important to get the facts straight about what impact the Affordable Care Act has on our deficits and long-range fiscal situation.

Rising health care costs are the biggest driver of our long-term deficits, and getting them under control is crucial if we want to grow the economy, create jobs, compete in the world economy and win the future. The Affordable Care Act helps us achieve that goal.

As the Congressional Budget Office (CBO) made clear in a letter sent earlier this month to the Speaker of the House, repealing the Affordable Care Act would increase the budget deficit by hundreds of billions of dollars over the next decade. The CBO letter notes that “over the 2012–2021 period, the effect of H.R. 2 [the repeal of ACA] on federal deficits … is likely to be an increase in the vicinity of $230 billion.”  And in the decade after that, we will save more than $1 trillion thanks to the new law.

read more

Source: http://www.whitehouse.gov/blog/2011/01/26/health-care-reform-check

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Greening The Department of Veteran Affairs: A Year in Review

We are making great strides toward operating more energy efficient facilities, using more renewable energy, “greening” our vehicle fleets, and achieving other milestones on the path to creating a sustainable agency.  In 2010, we developed and implemented dozens of projects, which will translate to improved care of our Veterans and their families, cost-savings, better operational efficiency, and a healthier environment for all. 

read more

Source: http://www.whitehouse.gov/blog/2011/01/26/greening-department-veteran-affairs-year-review

Hope for home owners Fannie Mae Freddie Mac Mortgage Crisis

Foreclosure activity rises 2% in 2010

Google drops real estate listings

Trulia Going Global

Today we announce a new exclusive partnership with ListGlobally. Within the first half of 2011, Trulia will add an international search feature to the site. For the first time, this will allow consumers on Trulia to be able to search for homes outside of the United States. “We live in a global marketplace [...]

Source: http://feedproxy.google.com/~r/TruliaBlog/~3/yxYXBJXLgjE/

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Buildings Burn in Latest Central Nigeria Clashes

Trulia Set to Open Denver Colorado Office

photo credit: Ishmael Orendain Today we announced plans to open a Denver office to expand its sales force and services. The new office, will open its doors in February with a team of 25 employees in place and plans to expand to up to 100 employees by the end of the year. Current openings [...]

Source: http://feedproxy.google.com/~r/TruliaBlog/~3/7gAkalJ-FZ8/

Housing Starts President Obama Hope for home owners Fannie Mae

Hansel & Gretel and the Map to Consumer Behavior

What You Missed: The State of the Union and Foreign Policy

Denis McDonough, Deputy National Security Advisor, sat down yesterday with Military.com, The Economist, and ForeignPolicy.com to talk about the President's goals for American foreign policy as we move into a new future. Watch the full video, or use the links below to jump to particular questions and topics.

read more

Source: http://www.whitehouse.gov/blog/2011/01/28/what-you-missed-state-union-and-foreign-policy

Realty Economy Interest Rates Celebrity Foreclosures

Adjustable Balance Mortgages: Shared Risk Reduces Strategic Defaults

Two university researchers are proposing a new type of mortgage which they contend would reduce the economic incentive to default on loan obligations while not increasing the cost to either the lender or the borrower. The concept of an "adjustable balance mortgage" is presented in a forthcoming article in Real Estate Economics by Brent Ambrose, Smeal Professor of Real Estate and director of the Institute for Real Estate Studies at the Penn State Smeal College of Business, and Richard Buttimer, a professor in the Belk College of Business at the University of North Carolina at Charlotte. Historically, the study says, mortgage default was assumed to result from either a moral failure or cash flow problems that prevented the borrower from repaying his debt. More recent theory is that the preponderance...(read more)

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Source: http://www.mortgagenewsdaily.com/01182011_strategic_defaults.asp

Home Sales Outlook Housing Starts President Obama Hope for home owners

Tax laws catch up to independent contractors

Olgivy Method for Effective Real Estate Print Ad Design

State of the Union by the Numbers

As the President lays out the State of the Union, I thought this would provide some useful background:

$398 billion. R&D spending in the United States. The U.S. Accounts for about 1/3 of global R&D. China about 10%.

36.5 million. Number of workers who are unemployed, working part-time for economic reasons, discouraged or marginally attached to the labor force.

23%. Percentage of homeowners with mortgages who owe more than their homes are worth.

4th. U.S. ranking in global competitiveness according to the World Economic Forum.

Last President to talk about "competitiveness" in a state of the union speech: George W. Bush.

10%. Share of GDP devoted to federal health programs by 2035. Share today: 5%.

144% Greek public debt as a share of GDP. U.S. public debt as share of GDP: 59%


Source: http://www.pbs.org/nbr/blog/2011/01/state_of_the_union_by_the_numbers_research_spending_unemployment_obama_stateoftheunion.html

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White House Domestic Policy Adviser Melody Barnes on Competitiveness and the State of the Union

Melody Barnes was a moving force behind the Obama administration's health care reform. Now she will play a role in the President's plans to boost American competitiveness. I spoke to her about the State of the Union and the President's plans to boost jobs.

Source: http://www.pbs.org/nbr/blog/2011/01/gersh_-_state_of_the_union.html

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Saturday, January 29, 2011

Get the best price on a new home

Foreclosed homes for rent-to-own listings now featured on Foreclosure.com

Foreclosure.com today announced that it recently added thousands of foreclosed homes for rent-to-own properties to its industry-leading, nationwide database of more than 2 million distressed real estate listings. To search for potential foreclosed homes for rent to own in your area visit http://www.foreclosure.com/rent_to_own today. Foreclosure.com already offers the most comprehensive, accurate and current collection of [...]

Source: http://blog.foreclosure.com/2011/01/foreclosed-homes-for-rent-to-own-listings-now-featured-on-foreclosure-com/

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Future of Listing Syndication Six Years After Birth

Six years ago, Trulia started the new era of online real estate marketing by introducing listing syndication to brokers across the country. This unique type of listing syndication allowed listing brokers and agents to selectively market their own listings to a broader online audience and receive the related leads - typically for free. What distinguishes Trulia [...]

Source: http://feedproxy.google.com/~r/TruliaBlog/~3/DDVc00EGpXs/

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Over 1 Million White House Visitor Records Online

In September 2009, the President announced that – for the first time in history – the White House would routinely release visitor records. Today, the White House releases visitor records that were generated in October 2010. Today’s release also includes several visitor records generated prior to September 16, 2009 that were requested by members of the public during December 2010 pursuant to the White House voluntary disclosure policy. This release brings the grand total of records that this White House has released to over 1,000,000 records. You can view them all in our Disclosures section.

Source: http://www.whitehouse.gov/blog/2011/01/28/over-1-million-white-house-visitor-records-online

Foreclosures Home Sales Outlook Housing Starts President Obama

Bankers See More Lending in 2011

The American Bankers Association's Economic Advisory Committee sees more lending in 2011.

Source: http://www.pbs.org/nbr/blog/2011/01/bank_lending_american_bankers.html

Real Estate Agent Foreclosure Homes Realty Market Realty

Our Plan to Put One Million Advanced Technology Vehicles on America?s Roads

Last night, President Obama set a goal of making the United States the first country in the world to put one million advanced technology vehicles on the road. This goal is part of the President’s plan to rebuild our economy by investing in innovation to create the jobs and industries of the future.

Vice President Biden Greenfield 2

Vice President Joe Biden tours the Ener1 Inc. battery factory with Director of Manufacturing David Hahn and worker Wendy Howard in Greenfield, Indiana, Jan. 26, 2011. (Official White House photo by David Lienemann)

Today, Vice President Biden visited Ener1, Inc., a manufacturer of advanced batteries for electric vehicles, in Greenfield, Indiana to announce our plan to reach this one million vehicle goal by 2015. The facility that the Vice President visited would not exist if not for a $118.5 million grant from the Department of Energy, which was part of a $2.4 billion Recovery Act investment in electric vehicles . Ener1 added 120 jobs across the company in 2010 and the future looks bright. They expect to expand the manufacturing and assembly operation in Greenfield from 80 workers today to over a thousand by the start of 2013.

The Vice President got a first-hand look at Ener1’s assembly line and had a chance to chat with several workers. The Vice President was introduced by Wendy Howard, a mother of three, who joined Ener1 after being laid off from her previous job. Wendy proudly said that she now makes "hi-tech batteries for electric cars that don’t disturb the environment and don’t drink up oil that we don’t have."

Vice President Biden Greenfield 1

Vice President Joe Biden tours the Ener1 Inc. battery factory with CEO Charles Gassenheimer and COO Richard Stanley and is shown a THINK City, an electric car that uses Ener1 batteries, in Greenfield, Indiana, Jan. 26, 2011. (Official White House photo by David Lienemann)

Wendy and her co-workers at Ener1 will surely benefit from the three-part plan that Vice President Biden announced today, which will support electric vehicle manufacturing and adoption in the United States through generous new consumer rebates, investments in research and development, and a new competitive program to encourage communities to knock down regulatory barriers and invest in electric vehicle infrastructure, like public charging stations. You can learn more about the plan here.

As the Vice President said today, Ener1 and other companies like it are "building a brighter, cleaner, and more prosperous American future."

Brian Levine is Deputy Domestic Policy Advisor to the Vice President

Source: http://www.whitehouse.gov/blog/2011/01/26/our-plan-put-one-million-advanced-technology-vehicles-america-s-roads

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Chinese Real Estate Still Ratcheting Up

After a tough year for China stocks and even as Beijing cools its domestic property bubble, portfolio manager Patrick Brophy at Janus Capital is looking to expand his exposure to commercial Chinese real estate. Laura Mandaro reports.

Source: http://online.wsj.com/video/chinese-real-estate-still-ratcheting-up/C6D8EE3F-...

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Produce the note: Massachusetts supreme court voids several bank foreclosures (Video)

Revamped Coney Island Plans Cause a Stir

Coney Island's developer Central Amusement International is opening a new amusement park this coming April, but the company has recently come under fire for evicting long-time Coney Island businesses like Shoot the Freak. WSJ's Joseph De Avila reports.

Source: http://online.wsj.com/video/revamped-coney-island-plans-cause-a-stir/2FFEDB51...

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News Hub: Builders Bet Big on Big Mansions

Despite the current housing slump, a small but growing group of developers and investors is building multimillion-dollar mega-mansions for wealthy potential buyers who've never seen them. Candace Jackson explains why.

Source: http://online.wsj.com/video/news-hub-builders-bet-big-on-big-mansions/37A419F...

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Foreclosure process a ?mess? right now, but not ?life-threatening? for J.P. Morgan Chase

That’s the assessment from Jamie Dimon, who is the CEO behind one of the largest money-lending financial institutions in the nation, J.P. Morgan Chase He explains via MarketWatch.com: ?It is a big mess, it has cost us a lot of money. Unfortunately, the only way to do it right is name by name by name…. [...]

Source: http://blog.foreclosure.com/2011/01/foreclosure-process-a-mess-right-now-but-not-life-threatening-for-j-p-morgan-chase/

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Google drops real estate listings

Haiti to Release Election Results Wednesday, 2nd Round Set for March

New Year, New Home.

Your Interview with the President

Yesterday, President Obama participated in a live YouTube interview, taking questions from people all over the country about everything from the Dream Act to renewable energy to situation in Egypt. This year, over 142,000 questions were submitted and 1,382,000 votes were cast. Check out the video of your interview with the President. You can watch the whole thing or skip to your favorite questions using the links below.

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Source: http://www.whitehouse.gov/blog/2011/01/28/your-interview-president

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