Newsdesk | Volume 3 | Issue 249 | September 18, 2009 

Top News
Fed chief: ‘The recession is very likely over’ – USA Today – – WASHINGTON – Federal Reserve Chairman Ben Bernanke said Tuesday the worst recession since the 1930s is probably over, although he cautioned that pain especially for the nearly 15 million unemployed Americans will persist.
FDIC Launches Foreclosure Prevention Initiative – FDIC – – kit of information that will help borrowers, community stakeholders and the banking industry avoid unnecessary foreclosures and stop foreclosure ‘rescue’ scams that promise false hope to consumers at risk of losing their homes. The tool kit includes
Deadline nears for home tax credit – USA Today – – first-time home buyers is already linked with an uptick in sales. For the first time in five years, existing home sales have increased for four months in a row, according to an August report by the National Association of Realtors (NAR). Sales rose 7.2%
Market News
Mortgage Demand Down as Summer Ends – REALTOR Magazine – – Summer Ends Mortgage applications slowed as summer ended and potential first-time buyers wondered whether they would be able to settle in time to receive the federal home ownership tax credit, which expires Dec
Gearing up for short sales and REOs – Inman – – regularity of short sales and foreclosure-related transactions, the National Association of Realtors has launched a Short Sales and Foreclosure Resource Certification program. ‘Someone that comes out of the program will have enough education to be a
US housing construction up 1.5 percent in August – CNBC – – is set to expire at the end of November. The National Association of Home Builders said Wednesday its housing market index rose in September, reflecting growing optimism in the industry about rising home sales. The trade association said its index rose
California seen lagging behind U.S. recovery – CNN – – SAN FRANCISCO (Reuters) — California will lag the United States as the country recovers from a deep recession, with normal growth in the most populous U.S. state not seen resuming until 2011, the UCLA Anderson Forecast group said Wednesday.
Technology News
Voice Chat Coming To Facebook – CNN – ‘Look out, users: Here comes voice chat.
Other News
KB Home restarting its Mid-Atlantic operations – CNBC – – LOS ANGELES – KB Home said Wednesday that it is restarting its Mid-Atlantic homebuilding operations after pulling back on those efforts while it tried to conserve cash, cut costs and lower inventory.
Real Estate Roundtable Welcomes IRS Action Allowing CMBS Loan Modifications – Reuters – – WASHINGTON, Sept. 15 /PRNewswire-USNewswire/ — The Real Estate Roundtable today welcomed a new Internal Revenue Service (IRS) tax rule (Revenue Procedure 2009-45) that will allow commercial real estate borrowers to proactively discuss possible
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