Headlines in Real Estate for week ending June 29th 2012

Raised concerns over reverse mortgages, home sales jump and plan for California’s homeowner bill of rights moves forward. Here are the real estate headlines you may have missed this week:

Homeowner Bill of Rights plans move forward (via San Francisco Chronicle)
On Wednesday, a so-called “Homeowner Bill of Rights” moved a step closer to passing, with housing advocates claiming the bill would help people stave off foreclosures. The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) opposes provisions in this measure which will allow anyone to stop the foreclosure process by filing a lawsuit, merited or not. Read Full Story

New home sales jump in May (via CNNMoney)
New home sales rose 7.6 percent in May to an annual rate of 369,000 units, according to the Census Bureau. Read Full Story

Consumer bureau report raises concerns about reverse mortgages (via Los Angeles Times)
The Consumer Financial Protection Bureau says it’s worried about the potential for abuse as some older Americans tap their home equity through reverse mortgages. Read Full Story

Mortgage servicers given new rules to aid troops (via San Francisco Chronicle)
U.S. regulators released rules for mortgage servicers that are designed to help members of the military get information needed to sell their homes or modify loans when they are forced to relocate. Read Full Story

Most still won’t pay the green to be green (via Orange County Register)
Only 10 percent of consumers responding to a survey last summer said they would pay more money to make their homes green, according to a study by Lifestory Research. Read Full Story

Home prices rise for first time in 7 months (via CNNMoney)
Average home prices increased 1.3 percent in April in 20 major markets, according to the S&P/Case-Shiller home price index. Read Full Story

Was this useful? Share or leave a comment below!

About Daniel Di Matteo

Realtor at CENTURY 21 Award, Daniel was Voted U-T San Diego’s Best Real Estate Agent in 2014. A Husband, Father, and most recently, accomplished Blog writer, which explains your visit today.