Good sign for a recovering real estate market. DSNews reporting the number of mortgaged residential properties with negative equity fell more than five percentage points throughout the year’s second quarter, based on CoreLogic’s report. Negative Equity Drops in Q2, 1.7M Still ‘Near-Negative’
Home prices are finally starting to rise, but not so much or so quickly that the great deals are disappearing. In fact, right now many investors have moved back into the market buying up properties that they will either rehabilitate and resell or rent out for cash flow. With interest rates still incredibly low, it’s easy to […]
Experts Predict 6.7 Percent Annual Gain In Home Values for 2013 as Recovery Strengthens; Most See No Threat Until Loan Rates Hit 6 Percent, According to Zillow Home Price Expectations Survey SEATTLE, Aug. 8, 2013 /PRNewswire/ -- More than 100 forecasters…
Americans Sees Biggest Home Equity Jump in 60 Years: Mortgages – Bloomberg. Bloomberg is reporting that home equity in the first quarter rose to $6.7 trillion, the highest level since 2008. Attributed to the low-cost of borrowing funds, homeowners are taking advantage of record low interest rate to refinance their loans. Also reported that Americans […]
Last year was a good year for home bargain-hunters, according to the latest data from Radar Logic. The firm’s January report revealed a 5.42 percent decline in prices from January 2011 to January 2012 and a simultaneous 7.7 percent increase in transactions. Radar Logic surveys 25 metropolitan statistical areas on a monthly basis. However, despite […]
Will strategic defaults be the next wave of foreclosures coming to flood our market? Read the article from DSNews below, An alarming number of homeowners see strategic default as a viable option should their home continue to depreciate. Almost half of the homeowners participating in an online poll from Housing Predictor say they will walk […]
Sales in California Up in February, Median Prices Down. Home sales in California showed signs of improvement for February compared to the previous month of January and year before in February 2011, according to data from the California Association Of Realtors (C.A.R.). – DSNews