August 15, 2013

Housing Prices on Track to Stabilize in 2012

Posted on Aug 11, 2011 by in Real Estate News

hoverhouse2-01

Will the latest stock market crash, the shaky economy, the debt ceiling fiasco, the mess in Europe and soft housing markets demand result  in a triple dip in home prices across the nation this year? Get ready, warns the chief economist for Fiserv.  Even though the average U.S. home is now only 5 percent more...

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Prices Turn Back the Clock to 2004

Posted on Apr 22, 2011 by in Real Estate News

real estate prices back to 2004

House prices fell 1.6 percent in January, retreating to levels of seven years ago, before the housing boom began. The Federal Housing Finance Agency’s House Price Index is February prices are 18.6 percent below its April 2007 peak and down 5.7 percent from a year ago. The FHFA monthly index is calculated using purchase prices...

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Investors With Cash Buying Up Short Sale and REO Properties

Posted on Mar 22, 2011 by in Real Estate News

real estate investors buying with cash

Investor activity dominated a sluggish distress sale market in February as homebuyers are increasingly frustrated by difficulties getting financing, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. For many homebuyers, mortgage financing is becoming an increasing obstacle. This was highlighted in the latest HousingPulse tracking survey as cash transactions set a new record,...

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Availability Grows in the Luxury Homes Market

Posted on Mar 15, 2011 by in Real Estate News

luxury homes market improving

Inventories of homes for sale for over one million rose above  30,000 nationally last week according to the Institute for Luxury Home Marketing’s weekly housing report.  Average days on market for higher end homes has slowly risen since the summer to each 165 days last week, still far below the national average of 292 days on market...

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Foreclosures Nosedive to Lowest Level in 3 Years

Posted on Mar 14, 2011 by in Real Estate News

foreclosure rates going down

Foreclosures hit their lowest level in three years in February, in part because of the continuing confusion and disruption caused by the Robogate scandal last fall and in part because delinquencies have fallen steadily for a year as the economy slowly recovers. RealtyTrac reported a 14 percent decrease in foreclosure filings from January and a...

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Delinquency Rates Dip Down Again in 4th Quarter 2010

Posted on Feb 24, 2011 by in Real Estate News

foreclosure auction

Delinquency rates (on mortgages 30 or more days past due, but not in foreclosure) have been the brightest light in the gloomy foreclosure picture over the past year.  Two new reports confirm that delinquencies are falling to pre-recession levels, a sign that the economy is steadily improving and the end of the foreclosure plague may...

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Foreclosures and the Future: Are Defaults Coming to a Close?

Posted on Feb 22, 2011 by in Real Estate News

Not so long ago, foreclosures were rare and mortgage-backed securities were considered sleepy, conservative, super low risk investments. All that changed with the meltdown in subprime mortgages that began in the second half of 2006.  Since then, foreclosures have poisoned the real estate markets like a cancer, flooding them with discounted properties that drive down...

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