Tag Archive | “foreclosures”
Banks Seen Holding REOs for Higher Prices
Real estate agents report banks are keeping foreclosures off the market in hopes of higher prices, a practice that is temporarily reducing the percentage of distress sales but lengthening the foreclosure timeline.
Continue reading…Positive Equity is Driving Down Defaults
Monday, May 6, 2013
Homeowners with positive equity in their homes have fewer problem loans and are outperforming the national average for defaults. Their default rates are close to pre-crisis norms.
Continue reading…Middle Aged Homeownership Plummets
Thursday, May 2, 2013
Homeownership fell across all age groups in the first quarter of the year, but declines were greatest not among younger Americans under 35 who have been having problems getting financing and finding homes to buy but among middle aged households over 45, which traditionally register the highest homeownership rates but suddenly registered significant decreases.
Continue reading…Investors No Longer in the Driver’s Seat
Thursday, April 25, 2013
After accounting one out of four home sales in the depths of the housing recession and fueled turn-arounds in dozens of markets where waves of foreclosures and battered home values scared off other buyers, real estate investors today are playing a greatly diminished role in the housing recovery.
Continue reading…Institutional Investors Gobble up Presale Foreclosures
Tuesday, April 23, 2013
In another sign of institutional investors’ appetites for foreclosures, inventories of presale foreclosures have declined nearly twenty percent since last year as lenders have made volumes of foreclosures available via REO tapes to well-funded hedge funds eager to buy in bulk.
Continue reading…Foreclosure Processing Time at New High
Thursday, April 11, 2013
In the first quarter, it took nearly 16 months to process the average foreclosure in America, a new record and an increase of 14 percent over the fourth quarter of 2012.
Continue reading…Nothing to Fear from Zombie Houses
Tuesday, April 2, 2013
Are zombie houses where the monsters live in the latest Resident Evil sequel? Or are they fraternities decked out for Halloween? Neither.
Continue reading…Foreclosure Inventory Ballooned in First Quarter
Thursday, March 28, 2013
The inventory of properties in the foreclosure process expanded by nearly 10 percent in the first quarter, casting a pall over the housing recovery as local markets prepare for more foreclosures than expected. However, a high level of demand driving by investor activity may mitigate their impact.
Continue reading…Short Sales Are Growing Longer
Wednesday, March 27, 2013
Perhaps the greatest advantage of a short sale to beleaguered homeowner facing default and foreclosure is the opportunity to move on with life and put the bad debt behind them as quickly as possible. That advantage is shrinking as short sales take longer to sell than foreclosures.
Continue reading…Florida Shifts into Reverse
Wednesday, March 20, 2013
While the rest of the nation’s housing markets experience various levels of recovery, most markets in Florida seem to be relapsing to the heyday of the Foreclosure Era after a brief period of improvement.
Continue reading…
Friday, May 24, 2013
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