National and regional rates of growth showed clear signs of winter chills in November, as summer buying activity gave way to the typical winter slow down. Nationally, home prices cooled off to a 10.8% year-over-year growth, a slight tapering over the previous quarter’s 11.0% yearly growth Read More »
Housing Crisis
Investors’ Market Share Rises as Foreclosures Fade
Despite a seasonal slowdown in activity, the housing market continued to post some interesting metrics in October, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. Read More »
Smile When You Say “Bubble,” Mister
Texas tempers heated up last month when Trulia, a California-based web site, added all three of its major cities to its “Bubblewatch” list of major markets it considers to be overvalued. The designation was not appreciated in the Lone Star State. Read More »
Foreclosures Tick Up as Lenders Clean House
October foreclosure filings rose 2 percent increase from September but were down 28 percent decrease from a year ago, according to RealtyTrac. The report also shows one in every 978 U.S. housing units with a foreclosure filing during the month. Read More »
Boomerang Buyers Can’t Get a Loan
A growing number of the 7 million former home owners who lost their home either to foreclosure or short sales can’t shake the homeownership bug, Now that the housing sector is recovering, many of these “Boomerang Buyers” are back in the market but many are failing to get financing. Read More »
First Rental-backed Security Reaches the Market
Blackstone began marketing the first-ever US home-rental asset-backed security on Wednesday, with some 300 potential investors expected in New York to peruse the nearly $480 million deal. Read More »
New York Foreclosures Soar a Year After Sandy
One year after Hurricane Sandy made landfall on the U.S. eastern seaboard, RealtyTrac today reported that foreclosure activity in the first nine months of 2013 is up 33 percent compared to the first nine months of 2012 in the 7-county region including the five boroughs of New York and Long Island. Read More »
Investors Have Doubled Purchases Over 2012
Though most observers forecast rising home prices would drive investors out of the market for single family rentals, that fact is that to date investors have purchased more homes than they did in all of 2012 or 2011. Read More »
September Demand Was Strong Despite Rate Hikes
Despite fears that higher mortgage rates could cripple a recovering housing market, the vital signs for housing remained remarkably good in September, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. Read More »
Paranormals Push up Prices
Even ghosts and goblins are contributing to the housing boo-oom. New studies released this week suggest that haunted houses have lost some of their power to instill terror on those silly enough to buy them-adding a metaphysical reason for appreciating prices. Read More »