Not all is going smoothly with the housing recovery as the summer ends. August data from Realtor.com shows that, though inventories are still falling, more and more markets are seeing prices go in the wrong direction, dropping below levels of a year ago. Read More »

The state that gave America Alt-A loans, Countrywide, the first tidal wave of foreclosures, the highest prices during the boom and the fastest fall during the bust now is leading the nation out of the six-year housing depression. Read More »

The inventory of unlisted properties that are in the foreclosure pipeline shrank slightly over the past year but remains at a nine months’ supply. Read More »

A report by Lender Processing Services today confirms Fitch Ratings’ analysis yesterday that the volume of defaulted loans moving to REO status has fallen to a trickle as a consequence of the Robo-gate scandal, contributing to a backlog of foreclosures that threatens to reverse the overall decrease in foreclosure inventory caused by the steady decline in new delinquencies last year. Read More »

Things were looking up for luxury home sales during the tax credit boomlet last year. However, the credit wasn’t the primary reason; after all, $4000 isn’t a compelling incentive to well-heeled move up buyers in the million dollar plus housing bracket. Read More »

The New York Times once described downtown Scottsdale as “a desert version of Miami’s South Beach” with “plenty of late night partying and a buzzing hotel scene.” Luxury marketer and builder Luetta Newnam of Casa Buena Realty LLC, is a second-generation Realtor who has watched the real estate market swing to dizzying heights and record equity losses during the housing … Read More »

Not until March 1, 2014 will the last of the seven million properties that are currently delinquent, in foreclosure, or bank-owned finally return to life as homes or investments. Read More »

Another foreclosure listing site reported today that foreclosures are declining at an accelerating rate as subprime resets abate and unemployment, though high, remains relatively unchanged. Read More »