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Home | Tag Archives: Negative Equity

Tag Archives: Negative Equity

February Home Sales Fall Slightly in California

February Home Sales Fall Slightly in California

California single-family home and condominium sales fell 1.4 percent in February from January, and declined 16.1 percent from February, 2013. According to the Real Property Report from PropertyRadar, last month marked the lowest sales for the month of February since 2008.

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Commentary: What’s in Store for Housing in 2014, Part 1

Commentary: What’s in Store for Housing in 2014, Part 1

Many economists and market observers have suggested the market is poised for continued growth as the recovery enters its third year, and there are positive elements in play that provide some reasons for optimism. Recent loan vintages continue to perform at levels better than historical norms, which has allowed the industry to work through its backlog of distressed assets; foreclosure activity is declining; and housing starts have begun to rise.

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Feature: Where Oh Where Did My REO Go?

Feature: Where Oh Where Did My REO Go?

With fewer properties entering the foreclosure process and more delinquent borrowers avoiding foreclosure, the number of foreclosed single-family homes held by lenders and government agencies has rapidly declined. In the April issue of DS News magazine, contributing writer Keith Button explored the many market drivers taking their toll on the once-strong stock of bank-owned homes.

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Survey Uncovers Patterns and Trends Among Homebuyers

Survey Uncovers Patterns and Trends Among Homebuyers

The National Association of Realtors recently released the results of a national survey conducted in July 2013 among homebuyers who had made their purchase within the previous year. The data collected brings fresh insights into all phases of the homebuying process and helps recognize emerging trends to help real estate professionals understand the needs and expectations of their clients. What did the study uncover?

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Report: 6.4M Borrowers Remain Underwater Despite Rising Home Prices

Report: 6.4M Borrowers Remain Underwater Despite Rising Home Prices

About 6.4 million homes remain underwater after nearly 800,000 homes returned to a state of positive equity during the third quarter, according to the latest data from CoreLogic. The real estate analytics and services provider says the increase in equity brought the share of underwater properties down to about 13 percent nationally, compared to 14.7 percent in the second quarter.

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Why so Few Houses for Sale? Lots of Reasons.

Why so Few Houses for Sale? Lots of Reasons.

Inventories of homes for sale have been slow to bounce back since the 2007-09 recession, despite steady price appreciation since January 2012. Normally, higher prices reflect robust sales. But lately, prices have been rising even though sales remain stuck at relatively low levels, largely due to a lack of inventory. So why are there so few homes for sale? Two Fed economists examine the many factors affecting today's inventory levels.

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As Borrowers Emerge from Underwater, Cloud of Problem HELOCs Rises

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' (LPS) Mortgage Monitor report. While the increasing number of homeowners rising above water is good news for the market, LPS detects some tumultuous seas ahead as a cloud of problem home equity loans forms on the horizon.

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Eminent Domain Takes Root in Areas with High Unemployment, Poverty

To address widespread negative equity, at least 15 cities and counties are considering using eminent domain to seize underwater homes and lower borrowers' mortgage principal balances, according to the Urban Institute. The institute conducted a study to see what commonalities these communities share and found that all 15 suffer from high levels of poverty and unemployment, stagnant incomes, and low housing prices.

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Negative Equity: A New Way of Life in the Recovery

Fast-paced price increases helped bring 1.4 million homeowners to the surface in the third quarter as their home values finally clipped their equity, according to the latest Negative Equity Report from Zillow. The third-quarter drop in negative equity was the largest on record for Zillow, dating back to early 2011. The negative equity rate now stands at 21 percent, down about one-third from a peak of 31.4 percent.

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Home Price Increases Widen in September, Sales Weaken

Home Price Increases Widen in September, Sales Weaken

After taking a break in the summer, home price growth got back up to strength in September, according to statistics reported by DataQuick in the company's Property Intelligence Report. DataQuick reported price growth ""resumed at a rapid rate in September and spread to all"" of its 42 reporting counties on a monthly, quarterly, and yearly basis. Other metrics, such as sales, weakened, however.

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