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Recovery Signals

Boom Buyers Almost Above Water

Homeowners who bought at the peak of the boom in 2007 and 2008 are the last group to still owe more on their homes than they are worth, but rising prices are closing the gap quickly and it will be only a matter of months before negative equity, one of the deadliest consequences of the housing crash is a thing of the past. Read More »

Only 13 Percent are Still Underwater

Approximately 791,000 more homeowners returned to a state of positive equity during the third quarter of 2013 leaving only 6.4 million homes still underwater, according to the latest analysis by CoreLogic. The total has fallen from 7.2 million homes, or 14.7 percent of all residential properties with a mortgage, at the end of the second quarter of 2013*. The total … Read More »

Shadow Inventory is a Shadow of Itself

The shadow inventory-the number of homes in the foreclosure pipeline–is down 33 percent from a year ago and now is at its lowest level since August 2008, at least one year before the notion of a foreclosure shadow inventory was recognized. Read More »

CoreLogic Sees Even Higher Prices in September

In its forecast for September year over year home prices, CoreLogic is ignoring predictions for a slowing down of the recovery with the end of the 2013 home buying season and predicts a 12.7 percent price hike in September after reporting August prices reached 12.4 percent. Read More »

Purchase Loans Soar

Lending standards? What lending standards? Purchase loans are soaring as home buyers outmuscle refinancing home owners in the pursuit of mortgage credit. Read More »

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