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Biggest roadblock for housing market – consumer confidence
Consumer confidence is one of the biggest problems facing the housing market. While it is a factor nationwide, local builders are not facing some of the other challenges of their counterparts in other states such as a large number of foreclosures or excess inventory.
FBI: Mortgage fraud still prevalent, hard to catch
WASHINGTON — Mortgage fraud remains widespread in the depressed housing market, with perpetrators motivated by high profits and little risk of getting caught, the FBI said Friday. The FBI’s annual report on mortgage fraud said such schemes are particularly resilient ...
Housing market stabilizing
Second quarter statistics released Friday show signs of a housing market returning to a more typical rhythm in the 11-county Genesee region. The median sale price for the second quarter remained flat at $120,000 when compared to last year ...
US builders’ outlook rises after hitting 2011 low
WASHINGTON — The outlook among U.S. homebuilders became a bit rosier in June but the future prospects for home construction are anything but promising. The National Association of Home Builders says an index of builders' outlook ...
Rochester tops in bargain housing market
Rochester is named No. 1 in MSN Real Estate’s 2011 “Most Livable Bargain Markets” rankings. Mayor Thomas S. Richards announced Wednesday that MSN Real Estate and Bert Sperling of Sperling’s Best Places evaluated the most affordable markets within the nation’s 100 largest metropolitan areas ...
Home sales fall to 2011 low; few 1st-time buyers
WASHINGTON — Fewer people bought previously occupied homes in May, lowering sales to their weakest point of the year. Home sales sank 3.8 percent last month to a seasonally adjusted annual rate of 4.81 million homes, the National Association of Realtors said Tuesday.
Home sales dropped in April, foreclosures declined
WASHINGTON — Fewer people purchased previously occupied homes in April. Activity among first-time homebuyers increased and foreclosure sales declined, but those factors weren't enough to signal a recovery in the weak housing market.
Housing market expected to pick up in spring
Better weather is expected to provide a sunnier outlook for the local housing market, which saw a sharp decline in sales from the end of last year, but is relatively on par with the first quarter of 2011.
New-home sales plunged in February to record low
WASHINGTON, D.C. — Sales of new homes plunged in February to the slowest pace on records dating back nearly half a century, a dismal sign for an already-weak housing market. New-home sales fell 16.9 percent last month to a seasonally adjusted annual rate ...
Underwater mortgages rise as home prices fall
The number of Americans who owe more on their mortgages than their homes are worth rose at the end of last year, preventing many people from selling their homes in an already weak housing market.
Underwater mortgages rise as home prices fall
WASHINGTON, D.C. — The number of Americans who owe more on their mortgages than their homes are worth rose at the end of last year, preventing many people from selling their homes in an already weak housing market.
Builders glum on housing market despite uptick
WASHINGTON, D.C. — Builders are pessimistic about the housing market, but are seeing a little more foot traffic after the worst summer for home sales in a decade.
Case Digests
- Fourth Department – Speedy trial: People v. Jordan
- Fourth Department – Rosario material: People v. Dennard
- Second Circuit – Magnuson-Stevens Act: State of New York v. Raimondo
- Fourth Department – Plea: People v. Davis
- Second Circuit – Revocation of minimum sentence: Bangs v. Walter William Smith, et al.
- Fourth Department – Relation-back doctrine: CHS Inc. v. Land O’Lakes Purina Feed, et al.
- Fourth Department – Unlawful arrest: People v. Burke
- Fourth Department – Attempted criminal possession of a controlled substance: People v. Brown
- Second Circuit – Immigration: Paucar v. Garland
- Fourth Department – Slip and fall: Black v. 465 Payne Avenue
- Second Circuit – Misappropriation of trade secrets: Pauwels v. Deloitte
- Fourth Department – Molineux evidence: People v. Anderson
Law News
- N.Y. Court of Appeals reverses murder conviction because of illegal search
- State board approves cannabis lawsuit settlements, paves way for the opening of retail dispensaries
- NY Court of Appeals reverses gun conviction over ineffective counsel
- Split court affirms gun conviction, finding search and arrest were legal
- NY appeals court vacates drug conviction over illegal police search
- Split Court of Appeals strips Police Accountability Board of disciplinary power
- Manslaughter conviction reversed after appeals court finds insufficient evidence
- Rochester-area family sues over compromised medical records
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