Foreclosure Inventory Down Nearly 20% from Year Ago

by davesingery February 4, 2013 Latest News

In December, the number of homes in some stage of the foreclosure process continued to shrink, and fewer homes were lost to foreclosure, according to the National Foreclosure Report from Corelogic. Foreclosure inventory saw a 19.5 percent decrease from a year ago as foreclosure inventory was reduced to 1.2 million homes, down from 1.5 million […]

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Home Price Expectations Vastly Different from Coast to Coast

by davesingery February 1, 2013 Latest News

Capital Economics expects home prices to increase about 5 percent over the year at a national level. However, housing markets across the nation are markedly different, and this 5 percent will not be a constant in all regions. At the two far ends of the spectrum, the Northeast and the West will experience far different […]

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Demand Builds For New Homes

by davesingery January 30, 2013 Latest News

Developers in Orange County can’t keep up inventory; new-home escrows were up 74 percent over 2011. New homes are selling again in Orange County. The problem is, developers aren’t building them fast enough to meet demand. Buyers opened 2,926 new-home escrows in Orange County last year, more than half of them in the last six […]

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Prices, Sales Improve in Largest Counties in December: DataQuick

by davesingery January 25, 2013 Latest News

Out of the 42 largest counties in the nation, all 42 exhibited price growth on a monthly, yearly, and quarterly basis in December, according to DataQuick’s monthly Property Intelligence Report (PIR). DataQuick’s PIR assesses the housing market based on valuation trends, REO inventory trends, and sales trends. In addition to positive price growth in all […]

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DBRS Warns of Threats to the Home Price Recovery

by davesingery January 25, 2013 Latest News

Home prices may appear to be in recovery mode, but they haven’t reached bottom yet and probably won’t until sometime in 2014, according to a report from DBRS. Although the rating agency acknowledged positive housing trends in 2012, such as signs of recovery for home prices, decreasing delinquencies, and more prime jumbo securitizations, DBRS still […]

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Freddie Mac’s New Short Sale Process ‘Beginning to Take Hold’

by davesingery January 25, 2013 Latest News

Freddie Mac’s Standard Short Sale program has been in effect for close to three months, and the GSE continues to work to publicize the program and inform borrowers of their options, most recently in a blog post Tuesday on Freddie Mac’s website. “Early results indicate that this program is beginning to take hold with homeowners […]

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FHFA: Monthly, Yearly Price Gains Continue into November

by davesingery January 25, 2013 Latest News

Consistent with most industry indices, the Federal Housing Finance Agency (FHFA) reported continued gains in its most recent House Price Index. The current index is 15.2 percent lower than the national peak reached in April 2007. On a seasonally adjusted basis, prices increased 0.6 percent from October to November. This rate matches the previous month’s […]

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LPS: Foreclosure Inventory, Delinquency Rates Decrease from Year Ago

by davesingery January 24, 2013 Latest News

Lender Processing Services (LPS) offered preliminary data on mortgage performance in December, revealing foreclosure inventory and delinquency rates were both down year-over-year. The foreclosure pre-sale inventory rate fell to 3.4 percent in December. The figure represents a 2 percent decrease from November and an 18 percent drop from December 2011. The delinquency rate, or loans […]

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Existing-Home Sales Dip in December; Inventory Falls to 11-Year Low

by davesingery January 23, 2013 Latest News

Existing-home sales fell 1.0 percent in December to a seasonally adjusted annual rate of 4.94 million, and November sales were revised downward, slipping below 5 million, the National Association of Realtors (NAR) reported Tuesday. Economists had expected the sales pace to improve to 5.1 million from November’s originally reported 5.04 million. The median price of […]

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Home Values See Largest Annual Gain Since 2006

by davesingery January 23, 2013 Latest News

U.S. home values in 2012 rose 5.9 percent over 2011, according to data in Zillow’s latest Home Value Index (HVI). The 5.9 percent appreciation rate is the largest annual gain since August 2006, near the peak of the housing bubble. While the market still has some ground to cover before it’s completely healthy again, Zillow […]

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