On February 1 President Obama, speaking to a crowd in Falls Church, Virginia, detailed his plan to “help responsible homeowners and heal the housing market.” The plan calls for streamlined refinancing for potentially millions of borrowers with loans backed by Fannie Mae and Freddie Mac, while also creating a new FHA mortgage program to re-finance non-GSE mortgages.
Inman News released a report highlighting metro areas that are expected to “outshine many other markets in real estate performance this year.” In its report, Inman News scanned metro areas with populations over 150,000 to find where real estate sales volume is rising, job markets are growing, foreclosure activity is low, sales prices are appreciating, and home affordability is at high levels.
This week two federal online piracy bills garnered significant media attention when a number of popular websites went dark in opposition to the legislation. The bills, the Stop Online Piracy Act (SOPA) H.R. 3261 and the Protect IP Act (PIPA) S. 968 are intended to address the problem of foreign websites that facilitate the downloading of digital content like movies and music.