As new indicators on the languishing national housing market continue to stream in it remains apparent that the crisis brought about by the bursting of the housing bubble is far from over. Newly released figures reveal that the prices of houses declined with greater speed during the opening quarter of this year than at any […]
U.S. Home Equity at Lowest Level in Generations
Home values are way down since the housing market hit its peak in 2006. The S&P/Case-Shiller Price Index, which is a measure of the home values in 20 metropolitan statistical areas is down by nearly a third since the market peaked. Although home prices were briefly buoyed by the 2009 and 2010 home buyer tax […]
Why 2011 May Be the End of the Housing Crash
Simon Constable explains to Kelsey Hubbard how rising affordability of housing will be a key to a turnaround. Plus how to invest in housing without buying a home. Any thoughts or questions on this video? Use the comment link below to sound off. We’d love to hear from you.
Housing Recovery Increasingly Tied to Job Growth
Steps to limit price declines may have helped, but economic growth is now critical. Home prices in twenty major metropolitan markets dropped 1.3% from September to October, the third straight month-over-month drop, according to the December S&P/Case-Shiller home-price index released in late December. The decline erases a significant share of the modest gain in home […]
Unemployment Picture Expected to Improve
Experts agree, job creation is critical to getting the housing and mortgage markets back on track – both in curbing delinquencies by ensuring homeowners have the ability to keep up with their mortgage payments and in giving consumers the confidence and security they need to become homebuyers. If unemployment remains elevated for an extended period, […]
Home Prices Are Down, So Why Not Insurance?
If you’re a homeowner, chances are your house is worth less than it was five years ago. But you could still be paying more to insure it. Despite the deep housing bust of the last few years, the cost of rebuilding a damaged home — in other words, what you pay insurance for — has […]
Home Sales Post Another Gain
Sales of previously owned homes edged up in November, the third increase in four months after a dismal summer for home-buying. According to the National Association of Realtors (NAR), buyers bought homes at a seasonally adjusted annual rate of 4.68 million. Even with the rise, this year is shaping up to be the worst for […]
From Default To Foreclosure – 16 Months is Average
If you are in default on your mortgage do not feel like you need to leave your home immediately according to a study by LPS Applied Analytics. The average home that has missed their 3rd monthly mortgage payment takes 492 days to go from the initial foreclose filing to the bank taking possession of the […]
Real Estate News: Home Prices Decline
U.S. home prices dropped in September from a month earlier and the rate of decline showed signs of accelerating, according to the S&P Case-Shiller home-price indexes. Third-quarter prices were also down. Separately, U.S. consumers brightened their moods in November–a good omen for holiday shopping, according to a report released recently. The indexes, based on the […]
Foreclosure Rate is Falling
As the nation’s largest banks put a freeze on foreclosures this fall, fewer homeowners are losing their homes. The monthly foreclosure market report showed foreclosure filings declined 4 percent in October, compared to September. The volume of filings stayed about the same when compared to the same time last year. More than 332,000 homes nationwide […]