This Week in Real Estate: HAMPers, MIDs and an Acquisition

by Chicago Agent

Strategic defaults were just one of the many issues Chicago Agent analyzed this week.

What were the results of CoreLogic’s latest HPI? Is the government finally unveiling a plan for its REO inventory? And how many Keller Williams offices did Coldwell Banker acquire?  Here’s a quick rundown of stats from this week’s news (Jan. 9 – Jan. 13) by the numbers:

20,000 – the amount of jobs that residential constructed added in 2011, after six years of negative job growth.

30 – the percentage of defaults in 2010 that were strategic, meaning the homeowner walked away from the property despite being able to pay the mortgage.

68 – the percentage of respondents in an NAHB survey who said they would be less inclined to vote for a presidential candidate that proposed cutting the mortgage interest tax deduction.

4 – the number of Keller Williams offices that Coldwell Banker Residential Brokerage purchased in a just-announced acquisition.

250,000 – the estimated amount of REO properties the government currently owns; news leaked this week that the government is close to announcing a conversion program that would sell the properties to investors as rentals.

909,000 – the amount of mortgages that have been modified through the HAMP program since it launched in 2009; new projection suggest the program will miss its goal of 3-4 million modifications by a substantial amount.

1.4 – the percentage that home values fell from October to November, according to the latest Home Price Index from CoreLogic.

12 – the number of total forbearance months that can now be granted to unemployed borrowers with Freddie Mac mortgages.

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