Thursday, February 27, 2014, 12:11pm CoreLogic: 48,000 Completed Foreclosures In January

The number of U.S. foreclosures dropped to 19 percent in January compared with last year, while the foreclosure inventory shrank by a third, according to a new report from real estate data and analytics firm CoreLogic. The 48,000 completed foreclosures were an 11.8 percent increase from the 43,000 reported in December 2013, however. Prior to … Continue reading Thursday, February 27, 2014, 12:11pm CoreLogic: 48,000 Completed Foreclosures In January

Auction.com and NAHREP Partner to Advance Homeownership

Auction.com and the National Association of Hispanic Real Estate Professionals (NAHREP) are joining forces to advance sustainable Hispanic homeownership. Hispanic homebuyers are the largest segment of new homebuyers nationwide. "As a national leader in the sale of homes in all stages of the foreclosure process, Auction.com has an extensive portfolio of properties that greatly expands … Continue reading Auction.com and NAHREP Partner to Advance Homeownership

Increased Inventory Slows Home Value Growth Author: Colin Robins February 19, 2014

In a report released by Zillow, national home values rose just .2 percent in January from December. Inventory rose in 22 of the nation’s 35 largest metros, and helped slow down the rising value of homes.Year-over-year, home values rose 6.3 percent in January, down from previous gains of 7.1 percent in August, 2013. Home values are … Continue reading Increased Inventory Slows Home Value Growth Author: Colin Robins February 19, 2014

Debt Rises, but Who’s Borrowing? Author: Colin Robins February 18, 2014

In a report released Tuesday, the Federal Reserve Bank of New York noted that aggregate consumer debt rose from last quarter, citing an increase of $241 billion dollars in the fourth quarter of 2013. The figure represents the largest quarter-to-quarter increase since 2007.Data came from the recently released "Household Debt and Credit Report."Total household debt … Continue reading Debt Rises, but Who’s Borrowing? Author: Colin Robins February 18, 2014

Increased Home Listings Signal Positive 2014 Author: Colin Robins February 20, 2014

Realtor.com released Thursday its National Housing Trend Report for January. Despite severe weather conditions, the report notes positive trends in the number of listings and median list prices of homes. The number of listings rose to 3.1 percent from January, 2013, and the median list price of homes is up 8.3 percent year-over-year to $195,000. "In January 2013, … Continue reading Increased Home Listings Signal Positive 2014 Author: Colin Robins February 20, 2014

House Payments Rise; Should Homebuyers Consider Renting? Author: Colin Robins February 20, 2014

RealtyTrac released a housing affordability analysis, noting an average 21 percent increase in monthly house payments from a year ago.325 U.S. counties were included in the analysis that measured "house payments for a median-priced three-bedroom home purchased in the fourth quarter of 2013—including mortgage, insurance, taxes, maintenance, and subtracting the estimated income tax benefit."The report … Continue reading House Payments Rise; Should Homebuyers Consider Renting? Author: Colin Robins February 20, 2014

Expansion of California’s Anti-Deficiency Laws Means More Litigation For Creditors

Turning a narrow consumer shield into a potentially broad sword, this summer California expanded its anti-deficiency judgment laws to prohibit not only the judicial pursuit of mortgage deficiency balances, but also to declare that post-foreclosure deficiencies can be neither "owed" nor "collected." In doing so, the California Legislature may have created a potentially significant compliance … Continue reading Expansion of California’s Anti-Deficiency Laws Means More Litigation For Creditors