NEW YORK (CNNMoney)Home prices are still rising, but the pace of increases is definitely slowing.National home prices rose 6.2% this spring, compared to the same three months last year, according to the S&P/Case-Shiller national home price index.Prices in the index's 10 and 20 city measures rose at a slower year-over-year pace in June alone, with … Continue reading Home prices rising, but slowly
Month: August 2014
Foreclosure Filings Up in July
Foreclosure activity on U.S. housing units showed a 2 percent increase in July from the previous month but was still down 16 percent from the same month last year, according to RealtyTrac's July 2014 U.S. Foreclosure Market Report released on August 14. RealtyTrac's study showed that 109,434 housing units in the U.S. reported some type … Continue reading Foreclosure Filings Up in July
CHA ‘supervouchers’ spark federal probe
The internal watchdog of the U.S. Department of Housing and Urban Development is launching an investigation of a Chicago Housing Authority program that pays market-rate rents for poor people to live in some of the city's most expensive apartment buildings. HUD Inspector General David Montoya is conducting an audit of the CHA's use of federally … Continue reading CHA ‘supervouchers’ spark federal probe
Mortgage refinancing rates at their lowest in 14 months
If you are looking to refinance your home, mortgage rates are currently at their lowest levels in 14 months. However, there are still hundreds of thousands of households in the U.S. that have yet to take advantage of the Home Affordable Refinance Program. The average household saves over 30 percent in monthly payments with a … Continue reading Mortgage refinancing rates at their lowest in 14 months
MBA: Here’s why delinquency and foreclosure rates continue to drop
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 6.04% of all loans outstanding at the end of the second quarter of 2014. The delinquency rate decreased for the fifth consecutive quarter and reached the lowest level since the fourth quarter of 2007. The delinquency rate decreased seven … Continue reading MBA: Here’s why delinquency and foreclosure rates continue to drop
The Law Office of Beth Mann, P.C. 