Allentown Real Estate

Featured Article

• Do New Mortgage Rules Make Borrowers Safer?

  Wednesday Jul 16 | via Realty Trac 

  You could hardly miss the headlines this week: More than 1,000 news outlets covered new rules from the Federal Reserve designed to "protect" America's mortgage borrowers.

  Comment?

  Related Topix: Home, Foreclosures, Mortgage, Mortgage, Personal Finance

Local Headlines

• Foreclosure filings surge 120%

  2 hrs ago | via CNN 

  As foreclosures continue to soar, 220,000 homes were lost to bank repossessions in the second quarter, according to a housing market report Friday issued by RealtyTrac.

  Comment?

  Related Topix: Foreclosures

• Home Sales on Steep Slide in Lehigh Valley

  Yesterday | via WFMZ 

  Houses aren't moving. And that's tough if you're selling. A new report says that in the Lehigh Valley, home sales are down significantly for the first half of the year.

  Comment?

  Related Topix: Housing, Allentown, PA, Allentown Metro, Home, Mortgage, Mortgage, Personal Finance

• Wachovia cuts dividend again

  Wednesday | via The Morning Call 

  Wachovia Corp. , the Lehigh Valley's largest bank by deposits, announced Tuesday it lost $8.9 billion in the second quarter, is slashing its dividend and eliminating 10,750 positions nationwide after losses ... 1 comment

  Related Topix: Financial Services, Northampton County, PA, Home, Mortgage, Mortgage, Personal Finance, Wachovia Corporation, Banking

• Slow economy is a reason to eliminate transfer tax

  Thursday Jul 17 | via The Morning Call 

  The July 6 article, ''Towns take a real hit'' pointed out what real estate brokers have been arguing for years: The real estate transfer tax is an unstable source of revenue.

  Comment?

  Related Topix: Real Estate, Opinion

• Stine again delays foreclosure sale

  Thursday Jul 17 | via The Morning Call 

  Clayton Stine Jr. won another delay of the foreclosure sale of his 147-acre farm in Lower Mount Bethel Township which had been set for 11 a.m. today in the Northampton County Courthouse. 2 comments

  Related Topix: Foreclosures, Northampton County, PA, Agriculture, Science

Regional Headlines

• Senators find Pittsburgh casino is in dire shape

  2 hrs ago | via Indiana Gazette Online 

  State senators asking questions Thursday about the rescue of a financially troubled Pittsburgh casino project by other investors found the situation more complicated and dire than they originally thought.

  Comment?

  Related Topix: Pennsylvania, Mortgage, Home

• Regional economy shows improvement

  Yesterday | via Pittsburgh Post-Gazette 

  Despite weaknesses in parts of the housing and retail sectors, the economy in the Federal Reserve's Fourth District, which includes Western Pennsylvania, Ohio and parts of Kentucky and West Virginia, improved ...

  Comment?

  Related Topix: Pennsylvania, Mortgage, Home

• Economic Watchdog, July 21

  Monday Jul 21 | via Optionetics 

  The economy might take a backseat to earnings news this week, but there still are several reports that could impact trading.

  Comment?

  Related Topix: Home, Mortgage, Pennsylvania, Financial Markets, Home Selling, Housing

• Dundee Homeowners Choose To Auction House

  Sunday Jul 20 | via KETV 

  Some Omaha homeowners are waiting months to sell their homes, but a family in Dundee intends to sell their in an instant.

  Comment?

  Related Topix: Real Estate, Pennsylvania, Home Listing, Home

• State Capitol Roundup for July 18

  Friday Jul 18 | via Tony Phyrillas 

  I thought the Legislature was on its 2-month summer vacation, but it appears some lawmakers are still in Harrisburg.

  Comment?

  Related Topix: Pennsylvania, Pennsylvania Government, Home, Mortgage

National Headlines

• Existing Home Sales Drop Again

  12 min ago | via On Wall Street 

  June proved to be a pretty hot month, but not in the housing market. The latest figure from the National Association of Realtors shows that existing home sales in June fell, as did the median price of a home.

  Comment?

  Related Topix: Home Selling, Home, Real Estate, Housing

• Stock market outlook mixed

  12 min ago | via The Toronto Star 

  Overseas stock markets were gloomy but Wall Street index futures pointed to a modest recovery Friday from the previous session's sharp losses.

  Comment?

  Related Topix: Housing, New Brunswick, Canada, Canada, Woodstock Area, NB, Juniper, NB, York (Toronto, ON), Ontario, Toronto, ON

• John Edwards in town

  13 min ago | via Off the Kuff 

  Former Senator and Vice Presidential candidate John Edwards was in town this week to promote his anti-poverty agenda.

  Comment?

  Related Topix: North Carolina, Foreclosures, US Politics, US News, John Edwards, 2008 Presidential Election

• U.S. 2Q foreclosure filings more than double 8:28 Am CT

  13 min ago | via Denton Record-Chronicle 

  The number of households facing the foreclosure process more than doubled in the second quarter compared to a year ago, according to data released Friday.

  Comment?

  Related Topix: Irvine, CA, Housing, Foreclosures, Stockton, CA, Stockton Metro

• Federal Bill Will Provide Incentive To 2nd Lienholders To Allow Refinance

  13 min ago | via The Real Estate Bloggers 

  While I am still not thrilled with the 300 billion dollar housing bill working it's way through Congress, they did insert some logic into the process.

  Comment?

  Related Topix: Mortgage, Personal Finance, Home, Mortgage