About one out of eight, or 17 percent, or homeowners with a mortgage believes their home is worth less than the amount they owe when in fact the opposite is true, suggesting that large numbers of owners are undervaluing their homes, perhaps due to recent home price increases. Read More »
Tag Archives: negative equity
Listings Shrink 34 Percent in Two Years and Keep Falling
The unprecedented and unexpected crash in inventory that is driving the nascent recovery by bolstering prices increases began in July, 2010 when listing counts on Realtor.com topped 2.8 million, and two years later have fallen by more than a third. Read More »
Rising Values Free 1.3 Million Homeowners
CoreLogic today released a new analysis showing that 10.8 million, or 22.3 percent, of all residential properties with a mortgage were in negative equity at the end of the second quarter of 2012. This is down from 11.4 million properties, or 23.7 percent, at the end of the first quarter of 2012. An additional 2.3 million borrowers possessed less than 5 percent equity in their home, referred to as near-negative equity, at the end of the second quarter. Read More »
Drought Doesn’t Dent High Foreclosure Backlog
Despite a shortage of lower priced homes in markets across the country, the huge foreclosure inventory refused to decline in June, raising renewed fears that the overhang of discounted properties will put downward pressure on home prices. Read More »
Negative Equity Ducks a Bullet
Despite double dipping to their lowest levels since 2009, housing prices in the first quarter failed to drive up the percentage of homeowners who are underwater on their mortgages. Read More »
Get Ready for a Weak Recovery
Some markets are stabilizing now and on the macro level, the housing recovery is not far away, according to Sam Khater, senior economist at CoreLogic. But the long awaited recovery won’t be much to get excited about, at least initially. Read More »
Are Only 57 Percent of Americans Really Homeowners?
Is the homeownership rate really ten percent lower than the Census Bureau says it is? Read More »
Tax Credit Temporarily Checked Falling Home Values
Though home values in the United States continued to decline in the second quarter of 2010, the percentage of single-family homeowners with mortgages who are underwater fell to 21.5 percent from 23.3 percent in the first quarter and 23 percent one year ago., according to the Zillow Real Estate Market Reports. Read More »