Friday , 2 June 2017
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Biggest Losers are Now the Biggest Winners

Markets that fell hardest during the housing crash five years ago today are racking up the biggest year over year gains as the prices in the nation as a whole through October exceeded analysts’ forecasts. Housing markets that were on their knees just a year or so ago from foreclosures and low employment today are seeing prides rise much faster than cities that never felt the housing crash, according to the latest S&P/Case-Shiller Home Price Indices. Read More »

Asians Lead Ultra Luxury Foreign Invasion

Nearly twice as many homes priced over $10 million were sold to Asians as Western Europeans in the US last year, while buyers from the Americas dominate a far greater share of the international sales for all price tiers than either Asians or Western Europeans. Read More »

Top Lenders Clear out Foreclosure Inventories in Non-judicial States

Among the five lenders involved in the National Mortgage Settlement – Bank of America, Wells Fargo, JPMorgan Chase, Citi and Ally/GMAC – non-judicial pre-foreclosure activity (NOD, NTS) decreased 41 percent in November compared to a year ago, led by Bank of America with a 63 percent decrease and Citi with a 40 percent decrease. Meanwhile judicial pre-foreclosure activity (LIS, NFS) for the five lenders combined increased 26 percent from a year ago, led by Chase with a 114 percent increase and Wells Fargo with a 37 percent increase. Read More »

Home Sellers Awake

A year of record low inventories of homes for sale and improving prices may finally be catching the attention of millions of prospective home sellers. Is a seller’s market in the offing? Read More »

Luxury Prices Fall Despite Tight Inventories

Though inventory shortages began at the lower price tiers, tight inventories have worked their way up to the luxury levels in the past two quarters. Expensive homes are selling faster than they were a year ago but third quarter prices are down in many markets compared to a year ago Read More »

The Foreclosure Iceberg is Slowly Melting

Iinventories of foreclosures accumulated during the processing slowdown in the wake of the Robogate scandal are slowing shrinking, absorbed by demand so healthy that distress sales are actually rising faster on a national basis than full-priced homes. Read More »

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