Category: Housing Market

Home Prices Rise 3 Straight Months

By Mike Colpitts Home prices rose for the third straight month in May across the U.S., according to real estate analytics company CoreLogic. On a year over year basis the firm said average prices rose 2.0%, and also increased 1.8% compared to a month earlier. The firm’s Housing Price Index, which tracks 100 of the… Continue reading Home Prices Rise 3 Straight Months

Banks Play Catch Up On Foreclosures

By Mike Colpitts Banks are playing catch up formally repossessing homes in judicial foreclosure states as they unwind a back-log of foreclosures from the robo-signing scandal. The foreclosure inventory remains at near all-time highs with 4.12% of all  U.S.  homes with mortgages in the foreclosure pipeline, according to Lender Processing Services. However, new problem loan… Continue reading Banks Play Catch Up On Foreclosures

Homeowners Living Free Longer

By Mike Colpitts Homeowners facing foreclosure in default on mortgage payments are living longer in their homes without making loan payments than ever before, according to foreclosure firm RealtyTrac. The lengthy foreclosure process is good news for homeowners in desperate straits able to live in their homes for free, many of whom are unemployed or… Continue reading Homeowners Living Free Longer

Mortgage Borrowing Rates Drop to Unprecedented Record Low

By Mike Colpitts Lower Treasury bond yields and uncertainty over the world economy drove mortgage rates to another record all-time low this week as the 30-year fixed rate mortgage hit an average of 3.62%. The historic drop in rates was also experienced in the shorter term 15-year fixed loan. The drop in rates is unprecedented… Continue reading Mortgage Borrowing Rates Drop to Unprecedented Record Low

Victim or Not Homeowners Pay for Crisis

By Ryan Jackson For nearly the past six years Housing Predictor has been forecasting the worst foreclosure crisis since the Great Depression and keeping you up to date on the numbers. Ever since the housing crisis started and foreclosures became mainstream news the numbers have been fogged by the deluge of daily reports on the… Continue reading Victim or Not Homeowners Pay for Crisis

70 US Cities Forecast with Higher Home Prices

By Mike Colpitts Nearly mid-way through the year 70 U.S. cities housing markets are forecast to recover in 2012, and some of them are already making successful inroads on their way with appreciating home prices. The cities include five that were forecast by Housing Predictor at the beginning of the year to appreciate in value,… Continue reading 70 US Cities Forecast with Higher Home Prices

Mortgage Rates Hold Steady at Record Lows

By Mike Colpitts Mortgage rates held steady to maintain record low levels, with the 30-year fixed rate mortgage staying at an average of 3.66% for the second week in a row, according to Freddie Mac. The shorter term 15-year fixed loan slipped a single basis point to 2.94%. Many consumers refinancing homes are opting for… Continue reading Mortgage Rates Hold Steady at Record Lows