Home / Featured / DS News Webcast: Wednesday 1/29/2014
Print This Post Print This Post

DS News Webcast: Wednesday 1/29/2014

Home prices across the nation grew an average 13.7% year-over-year in November, according to the S&P Case-Shiller Home Price Indices released Tuesday. On a city-by-city basis, Dallas outperformed with an annual return of 9.9%, the highest gain since it was added to the index in 2000. Also standing out was Chicago its highest increase since 1988.

That might be good news for the housing market, but Fitch Ratings says it won't be much help for borrowers struggling to pay their loans. While rising home equity has had a positive influence on borrowers' payment behavior, Fitch estimates the percentage of borrowers entering foreclosure with positive equity has doubled in the past two years amid modest economic improvement.

However, with foreclosure starts dropping 26% last year to a six-year low according to RealtyTrac, there might still be reason enough to celebrate.

About Author: DSNews

x

Check Also

Comptroller of Currency Opens New Fintech Office

The Office of the Comptroller of the Currency is opening a new Financial Technology office to add expertise to the department, allowing them to better adapt to modern markets.