Evidence is mounting that the steadily strengthening housing recovery is moving beyond lower priced homes, where the lack of inventory is greatest, into mid-tier and even luxury housing, according to the first market report on July sales. Read More »
Tag Archives: Housing recovery
Rising Values Push Nearly One Million Homeowners Above Water
The number of homeowners who owe more in their mortgages than they are worth fell by 5.8 percent in the first quarter and nearly a full point from a year ago as rising values pushed nearly three quarters of a million homeowners into the black in the first quarter, and today the total may exceed one million. Read More »
Boston Fed Study: Homeownership Values Unchanged Among Most Americans
A new study by economists at the Boston Federal Reserve found that the roughly two-thirds of Americans who did not suffer personal loss from the housing crash and whose knowledge of the housing crisis comes from media coverage have not changed their views towards homeownership. Read More »
Realtors Return as Real Estate Recovers
In another sign that the housing economy is steadily improving, the number of Realtors has increased at a faster rate in the past three consecutive months than it has since the tax credit boom in 2009. Read More »
Robo-Signing Scandal Dampens Housing Recovery Hopes
Recent bank scandals involving robo-signing foreclosure documents and improprieties in the lending process have weakened consumer confidence about housing market recovery prospects. More than half of adults report that robo-signing disclosures account for less faith in mortgage lenders, banks, and government, according to a recent study by Trulia and RealtyTrac. Thirty-five percent believe the robo-signing issue will delay housing market … Read More »
Fewer Economists See Housing Recovery in 2011
Hopes are sinking and uncertainty is on the rise that a housing recovery will begin next year, according to a monthly survey of housing economists. Read More »