What Will It Take to Clear the Excess Housing Inventory?
According to macroeconomist, Brendan Lowney, chief economist for Forest Economic Advisors in Massachusetts, it will take an average of 1.3 million new household formations over a five year period, or...
View ArticleReal Estate Investing News: First Uptick in Home Prices in a Year
Real Estate Investing News: The Federal Housing Finance Agency April Housing Price Index Report showed the first gain in home values since May 2010. The seasonally adjusted increase in the HPI was...
View ArticleMERS Gets Out of Foreclosure Filing Activity
The Mortgage Electronic Registration System (MERS) took itself out of the foreclosure business amid mixed legal success in having its foreclosures upheld by the courts in several states. The new MERS...
View ArticleBeige Book Shows Little Change in Housing Market
The Federal Reserve’s Beige Book documents quarterly changes in major economic condition in each Federal Reserve district. The summary indicates little change in the housing market from region to...
View ArticleForeclosure Filings Rise 3% in January
RealtyTrac calculates that in January 2012 foreclosure filings—notices of default, auction notices and bank repossessions—were up 3% over December 2011. A total of 210,941 U.S. properties received a...
View ArticleAnalysts See Modest Improvement in Economy
Every six weeks or so the Federal Reserve pools anecdotal evidence from each of its districts in a document called the Beige Book. The view from the 12 Federal Reserve regions shows moderate to...
View ArticleWill 2012 be the Year of the Short Sale?
The statistics are beginning to indicate that 2012 will be a bumper crop year for Short Sales. RealtyTrac reports that in January pre-foreclosure sales increased by 33% compared to a year ago. Even...
View ArticleOne-Third of Homeowners are Underwater
Zillow reports that while home prices have begun to tick upwards in many locations, this has done little to help those who have mortgages that are more than the value of their homes. Collectively,...
View ArticleWhere Hefty Foreclosure Discounts are Alive and Well
For those investors who have seen a drop in profitability lately because of the heavy competition for the shrinking supply of distressed property, take heed. Not every state has experienced a severe...
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