Completed Foreclosures Decline But Remain At Double Pre-Recession Levels

While completed foreclosures on residential homes totaled 40,000 for April and have been steadily falling monthly for the last four years, they are still nearly double their pre-recession average per month, according to CoreLogic's April 2015 National Foreclosure Report released Tuesday. Completed foreclosures, which are a measure of homes actually lost to foreclosure, declined by … Continue reading Completed Foreclosures Decline But Remain At Double Pre-Recession Levels

January existing home sales come in flat compared to December

2015 sales expected to pick up where 2014 left off By: Trey Garrison, Housingwire.com Auction.com projects that existing home sales for January will fall between seasonally adjusted annual rates 4.9-5.21 million annual sales, with a targeted number of 5.06 million. This suggests that January sales will be up from one year ago and essentially flat … Continue reading January existing home sales come in flat compared to December

Foreclosures Falling, But Delinquency Rate Climbing

The nation's foreclosure inventory fell to its lowest level in almost seven years in November, but the percentage of delinquent mortgage loans is on the rise, according to Black Knight Financial Services' November 2014 "First Look" at Mortgage Data. Delinquent mortgages, which are those more than 30 days overdue but not in foreclosure, jumped by … Continue reading Foreclosures Falling, But Delinquency Rate Climbing

Freddie Mac’s Mortgage Portfolio Expands For Third Straight Month

November marked another month of expansion for Freddie Mac's mortgage portfolio, which grew again as new business ticked up. According to Freddie Mac's monthly volume summary, released Monday, the company's total portfolio ended November at an estimated $1.9 trillion, up an annualized 0.4 percent. Year-to-date, the portfolio's growth rate is an average -0.7 percent, the … Continue reading Freddie Mac’s Mortgage Portfolio Expands For Third Straight Month

‘Different kind of market’ ahead for farmland

CHAMPAIGN, Ill., Dec. 19, 2014 /PRNewswire/ -- When it comes to farmland prices, the only certain thing about 2015 is that it will be unlike any year we've seen in a while, according to farmland authority Murray Wise, president of Murray Wise Associates. "This year has been one of transition, with prices varying widely depending on … Continue reading ‘Different kind of market’ ahead for farmland

10 Hottest Housing Markets for 2015

By Les Christie   @CNNMoney December 4, 2014: 1:15 PM ET NEW YORK (CNNMoney) Even though the housing market has been steadily recovering for a few years now, one thing has been keeping it from making a real comeback: first-time homebuyers. But that will soon change, according to Realtor.com. "Increases in employment opportunities will empower younger buyers to return … Continue reading 10 Hottest Housing Markets for 2015

Mortgage Delinquency Rate Tumbles to Seven-Year Low in October

Author: Brian Honea November 21, 2014 The nationwide mortgage delinquency rate in October fell to its lowest level in seven years, according to Black Knight Financial Services' "First Look" at October 2014 Mortgage Data released on Friday. October's delinquency rate, or the rate of loans that are more than 30 days past due but not … Continue reading Mortgage Delinquency Rate Tumbles to Seven-Year Low in October

Bank Foreclosures Listed Far Below Regional Selling Prices

RealtyStore, a provider of a broad variety of real estate listings, recently released a report outlining average selling prices for bank foreclosures. The company found the median price of bank foreclosures for sale in six select states list at an average of nearly 50 percent below recent median existing-home sale prices. The states—Maryland, Massachusetts, Mississippi, … Continue reading Bank Foreclosures Listed Far Below Regional Selling Prices

What Sellers should know about the Mortgage Foregiveness Debt Relief Act not being extended

The Mortgage Forgiveness Debt Relief Act applies to homeowners who are NOT insolvent on the date of the sale. The internal revenue code has an existing exclusion of forgiven debt from income when the borrower is insolvent on the date of the sale (IRS Publication 4681). this has been an existing part of the tax … Continue reading What Sellers should know about the Mortgage Foregiveness Debt Relief Act not being extended

Foreclosure and Shadow Inventory Both Decline in February

CoreLogic released its National Foreclosure Report for February, 2014, reporting 43,000 completed foreclosures for the month, a 13.1 percent decrease from January, 2014. Yearly, foreclosures declined 15 percent from February, 2013. Comparatively, foreclosures averaged 21,000 per month before the housing crisis from 2000 to 2006. Since September, 2008, 4.9 million foreclosures have been completed. As … Continue reading Foreclosure and Shadow Inventory Both Decline in February