June 21, 2011 Housing Market News Updates

Posted by News Staff on June 21st, 2011

  • Fannie Mae trims back its forecast for housing recovery, predicting slower sales than expected and a drop in home construction, based on weak economic reports.  Full Story…
  • The feds file $800 million law suit against J.P. Morgan and RBS over mortgage backed securities.  Full Story…
  • Sales of existing homes fall to six-month low, and prices decline by 4.6%.  Full Story…
  • Investors have to dig deep for cash with little credit available for housing purchases.  Full Story…