Next year looks to be the year of the repeat home buyer, as worsening affordability discourages first timers and investors; also, the buying process will be less frenzied. Hot markets to watch are primarily in the South, Plains, and Mountain states. Rental activity will swing back toward urban apartments, away from single-family homes.The housing market … Continue reading Trulia’s Housing Predictions: How 2014 Will be Different

Fannie Mae won’t be a Grinch over the holidays. The company announced that it will issue an eviction moratorium for the holidays, as it has done in previous years.The GSE will suspend evictions of foreclosed single-family and 2-4 unit properties from December 18, 2013 through and including January 3, 2014. During this period, legal.and administrative … Continue reading Home for the Holidays Thanks to Fannie Mae 12/12/2013 By: Ashley R. Harris

Nevada’s foreclosure rate improved last month yet remained one of the worst in the country.The state had the second-highest foreclosure rate in the United States in November, with one in every 390 housing units carrying a foreclosure-related filing, says a report out today from Irvine, Calif., research firm RealtyTrac.That’s down almost 10 percent from October, … Continue reading Foreclosure rate dips, but Nevada remains one of hardest-hit states by Eli Segal

The percentage of homeowners who owe more on their mortgages than their homes are worth has declined to less than 12 percent as of the third quarter of this year, according to Lender Processing Services’ Mortgage Monitor report. While the increasing number of homeowners rising above water is good news for the market, LPS detects … Continue reading As Borrowers Emerge from Underwater, Cloud of Problem HELOCs Rises 12/09/2013 By: Krista Franks Brock

Distressed inventory is on the decline, but the number of months it will take to clear that distressed inventory from the market is on the rise, according to the latest report from Morningstar Credit Ratings.Distressed inventory among non-agency residential mortgage-backed securities (RMBS) dropped 20 percent year-over-year and 5 percent quarter-over-quarter in the third quarter of … Continue reading Estimated Time to Clear Distressed Inventory Rises 12/05/2013 By: Krista Franks Brock

Rising prices may be bringing some homeowners out from under water, but tight credit will still preclude many traditional buyers from the market, according to a recent report from San Diego-based DataQuick, a real estate information and analytics provider. As a result, investors will continue to play a major role in the purchase market for … Continue reading Despite Rising Prices, Investors Expected to Remain Most Active Buyers 12/06/2013 By: Krista Franks Brock

Though foreclosures have fallen nationwide, one housing sector has seen a big increase: ultra-high-end homes.  Foreclosure activity on homes valued at $5 million or more has soared 61 percent since October 2012, RealtyTrac reports. Meanwhile, the overall national foreclosure rate for all housing types has fallen 23 percent this year.  Still, the number of $5 million-and-up homes … Continue reading More Ultra-Lux Homes Falling Into Foreclosure Daily Real Estate News | Thursday, December 05, 2013

Fast-paced price increases have helped bring many underwater homeowners afloat. In the third quarter, 1.4 million homeowners rose to the surface as their home values once again outranked their equity, according to the Zillow Negative Equity Report released Thursday. The third quarter drop in negative equity rate was the largest on Zillow’s record, which dates back … Continue reading Negative Equity: A New Way of Life in the Recovery 11/22/2013 By: Krista Franks Brock Inbox x