Negative Equity Now Plaguing 22.8% of All Homes
A statistic that is not likely to get better anytime soon on a national basis is the percentage of homes with underwater mortgages. CoreLogic reports that during the 4th quarter 2011 11.1 million...
View ArticleBulk REO Rental Program Set to Start
Recently in a CNBC interview Warren Buffett said that if he had a means to manage them he would buy a couple hundred thousand single family houses as rentals. That is where the world’s most...
View ArticleWhere Are the Best Rental Housing Markets?
We noticed this past week that the “We Buy Ugly Houses”® folks at Homevestors of America, Inc. in conjunction with Local Market Monitor published their “Best 100 Markets to Invest in Rental Property”...
View ArticleWill 2012 be the Year of the Short Sale?
The statistics are beginning to indicate that 2012 will be a bumper crop year for Short Sales. RealtyTrac reports that in January pre-foreclosure sales increased by 33% compared to a year ago. Even...
View ArticleHome Values Up in 53 Markets According to RE/MAX
The RE/MAX National Housing Report for March 2012 has identified a strong surge in home values in most of the 53 markets it surveys. Median prices were up in these markets for March 2012 5.8% above...
View ArticleHome Prices May Not Rebound in Our Lifetime
Last Tuesday home valuation expert, Robert Shiller sounded a decidedly more pessimistic note than in previous weeks. Earlier in the spring he sounded slightly more upbeat that we may have seen the...
View ArticleProperty for Sale is Getting Scarce in Some Markets
A survey by Pro Teck Home Valuation shows that home listings are down 21% from a year ago. The biggest change is in the Phoenix, AZ area where home listings are off by almost 50%. Other cities with...
View ArticleForeclosure Filings at a 5 Year Low
RealtyTrac’s April foreclosure report announced that foreclosure filings were at their lowest point since 2007. The sharp decline of 5% from the March report is due primarily to very low foreclosure...
View ArticleMetro Trends Show Delinquencies up in Several Top Cities
The Q4 2011 “Metropolitan Delinquency and Foreclosure Data” from Foreclosure-Response.org shows and uptick in 90 day or more delinquent properties in many of the nation’s largest cities. The report...
View ArticleExisting Home Sales Up 3.4% in April According to NAR
The April Existing Home Sales report from the National Association of Realtors continues to look positive. Completed transactions of existing homes increased by 3.4% at a seasonally adjusted 4.62...
View ArticleOne-Third of Homeowners are Underwater
Zillow reports that while home prices have begun to tick upwards in many locations, this has done little to help those who have mortgages that are more than the value of their homes. Collectively,...
View ArticlePace of Price Decline Moderates, But Not Yet Positive: Case Shiller
The March Standard & Poors Case Shiller Home Price Indices shows continuing modest improvement in the rate of declining prices, but still nothing to show that home values are in full recovery....
View ArticleHome Values Highest Monthly Increase Since 2006: Zillow
The April Zillow Real Estate Market Reports show a .7% increase in national home values in April to an average of $147,300. This is the largest monthly increase since January 2006. Likewise, the...
View ArticleFHA Seeing a Spike in Foreclosures
The LPS April Mortgage Monitor detected a large jump in foreclosure starts for FHA mortgages. Overall foreclosure starts were down -2.6%, but FHA foreclosure starts escalated by a whopping 73% during...
View Article80 Markets Are Improving for New Homes
The August Improving Markets Report by the National Home Builders Association shows that 25% of all housing markets, 80 in all, is improving. This is the same number as in June of this year, but...
View ArticleHOA Foreclosures Cause Headaches for Investors
Investors who believe they are getting a real steal at auction are finding that when the agency foreclosing is a homeowners association they need to carefully track all other liens before pulling the...
View ArticleSF Housing Shifting to Accommodate Rental Market
A new report from the Census Bureau tracks occupancy data for single family housing. Economist, Tom Lawler, has examined the numbers and reports and concludes that a big shift is underway toward more...
View ArticleBank of America Faces Discrimination Suit
A new form of discrimination is beginning to be asserted in court allegations against the big banks. In this case, it is not lending violations that are in question, but rather the way Bank of...
View ArticleForeclosure Rates Continue to Decline
It appears that many lenders would rather do almost anything than foreclose on a property these days. RealtyTrac’s Midyear report indicates that foreclosure filings reached their lowest point since...
View ArticleForeclosures at a 5 Year Low Nationally – Still Soaring in Others. But Why?
Foreclosure activity hit the lowest point in September since July 2007 according to Realtytrac’s Foreclosure Activity Report. There were 180,427 foreclosure filings (notices of default, auction...
View Article
More Pages to Explore .....