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Tag Archives: RealtyTrac

The Dry Rot in America’s Housing Stock: A Sad Legacy of the Foreclosure Era


  What would an influx of 3.8 million entry-level homes do for housing affordability? Limited inventory and strong demand continue to push home prices higher in America’s hottest housing markets, leading to declining affordability.  Forecasters are raising their predictions as tight inventories of homes, particularly lower priced properties, keep first-time buyers on the sidelines. Those 3.8 million homes, nearly twice … Read More »

Foreclosures Fell to Seven Year Low Last Year

Foreclosure filings – default notices, scheduled auctions and bank repossessions – were reported on 1,361,795 properties in 2013, down 26 percent from 2012 and down 53 percent from the peak of 2.9 million properties with foreclosure filings in 2010. The 1.4 million total properties with foreclosure filings in 2013 was the lowest annual total since 2007, when there were 1.3 million properties with foreclosure filings. Read More »

Rising Values Freed 1.4 Homeowners from Negative Equity in 2013

Some 9.3 million U.S. residential properties were deeply underwater – worth at least 25 percent less than the combined loans secured by the property – representing 19 percent of all properties with a mortgage in December. That was down from 10.7 million residential properties deeply underwater in September 2013, representing 23 percent of all properties with a mortgage, and down from 10.9 million properties deeply underwater in January 2013, representing 26 percent of all properties with a mortgage. Read More »

REOs and Short Sales Drive up Prices

Though in past they have been a drag on local home values, foreclosures and short sales actually are now rising in price so much faster than normal homes that they are driving up price increases and pulling normal homes with them. Read More »

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