Rising home values helped some 2.5 million homeowners return to a state of positive equity, but under-equitied mortgages-those with less than 20 percent equity– still account for one out of five, or 21.1 percent, of all residential properties with a mortgage nationwide in the second quarter of 2013, according to the latest CoreLogic report. Read More »
Recovery Signals
Vacation Rental Rates Rose 19 Percent this Summer
Vacation property rentals outpaced hotels this summer as owners enjoyed strong bookings that were as good as or better than last year. Read More »
Another 8.3 Million Underwater Homeowners on Track to Resurface Before 2015
While 10.7 million residential homeowners nationwide owe at least 25 percent or more on their mortgages than their properties are worth, another 8.3 million homeowners are either slightly underwater or slightly above water, putting them on track to have enough equity to sell sometime in the next 15 months — without resorting to a short sale. Read More »
CoreLogic: Prices to Rise 12.3 Percent in August
The housing recovery will keep rolling right along through August as price increases continue to score in the double digit range and rise for the 18th straight month, according to CoreLogic’s pending sales index. |
Sales Flag Where Prices Climb
Homes sold at an estimated annualized pace of 5.5 million in July 2013, up 4 percent from the previous month and up 11 percent from a year ago — the biggest annual increase in sales volume so far this year. But sales fell last month in states were prices are rising the most. Read More »
Case-Shiller is Still on a Roll
Once again in June, prices increased at a double digit pace in both the 10-City and 20-City Composites Indexes from S&P/Case-Shiller, posting returns of 2.2% for June and 11.9% and 12.1% over 12 months. Read More »
Homes Appreciate Over 6 Percent for First Time in 7 Years
July national home value appreciation rose again in July, up 0.4 percent from June to $161,600, reaching 6 percent year-over-year, the first time year-over-year appreciation rates have reached 6 percent since 2006. Read More »
More Consumers Expect Rates to Rise
The share of consumers who believe interest rates will go up over the next year increased another 5 percentage points to 62 percent, the highest level in the three-year history of Fannie Mae’s July 2013 National Housing Survey. Read More »
California Markets Top Turnaround Towns
Oakland, Calif.; Orange County, Calif.; and Santa Barbara-Santa Maria-Lompoc are leading the nation in recovery according to realtor.com’s quarterly ranking of top turnaround towns. Read More »
Experts Raise Forecast for Home Values in 2013
More than 100 forecasters said they expect home values to end 2013 up an average of 6.7 percent year-over-year, according to the latest Zillow Home Price Expectations Survey, a significant jump from the 5.4 percent annual increase predicted the last time the survey was conducted. Read More »