By Mike Colpitts Home prices declined an average of less than one-percent in the U.S. on a year to year basis through the end of March, according to a heavily watched housing price index indicating an upward trend for the marketplace. The CoreLogic index showed that prices were down 0.6% from one year ago, including… Continue reading Housing Index Shows Upward Trend
Category: North Dakota
North Dakota housing market
Home Values Rising in Hard Hit Markets
By Mike Colpitts A tighter inventory of homes listed on the market for sale are sending home values rising in some of the most unlikely U.S. housing markets, according to real estate research firm CoreLogic. Three states which cities have experienced some of the steepest deflation in home values in the nation are witnessing appreciation.… Continue reading Home Values Rising in Hard Hit Markets
Investors Home Buying Binge Rages
By Mike Colpitts Investors accounted for almost 1 in 4 home purchases during the month of January, up to 23% of purchases, demonstrating that the home buying binge by investors is controlling a large portion of the U.S. housing market as bargain hungry investors attempt to cash in on deals. The figure was up 2%… Continue reading Investors Home Buying Binge Rages
U S Foreclosures Drop Huge
By Mike Colpitts Formal foreclosures or homes that were repossessed by their lenders accounted for 830,000 U.S. homes in 2011, a huge drop of 24% from 2010, according to real estate data research firm CoreLogic. The decline comes as a result of moratoriums enacted by the nation’s five largest mortgage lenders to study damage from… Continue reading U S Foreclosures Drop Huge
2012 North Dakota Housing Market
Driven by growing energy markets in natural gas and oil exploration, North Dakota was virtually immune from the Great Recession. The state is also seeing its biggest boom in history as thousands of newcomers flock to the region, but that doesn’t leave North Dakota in perfect shape either. The same booming scenario is forcing some… Continue reading 2012 North Dakota Housing Market
Housing Market Bottoms Hit as Home Values Escalate
By Mike Colpitts Following years of hard times, declining home values and a record volume of foreclosures, the housing market is finally hitting the bottom in at least some U.S. cities, and it can’t come soon enough for plenty of others. North Dakota, South Dakota and parts of Texas are booming with oil and natural… Continue reading Housing Market Bottoms Hit as Home Values Escalate
Record High Crop Prices Inflate Home Values
By Mike Colpitts Record high prices farmers are being paid for crops in the Mid-West are pressuring home prices, and are forecast to inflate home values as the real estate collapse moves closer to an end for part of the U.S. in 2012, according to the new Housing Predictor annual forecast. In all, a total… Continue reading Record High Crop Prices Inflate Home Values
Mortgage Delinquencies Jump First Time in 2 Years
By Kevin Chiu Indicating that long periods of high underemployment and joblessness are hurting the economy, mortgage delinquencies jumped for the first time in two years in the third quarter. The U.S. mortgage delinquency rate rose 5.88% during the period, according to Trans Union. “Until this time, we had seen six straight quarters where progressively… Continue reading Mortgage Delinquencies Jump First Time in 2 Years
Home Prices Decline Year Over Year
By Kevin Chiu Home prices declined an average of 4.4% on a year-over-year basis in the U.S. through August, despite a slight increase in home values over summer months as a result of higher home sales, and record low mortgage rates, according to real estate research firm CoreLogic. The decline in home values echoes Housing… Continue reading Home Prices Decline Year Over Year
Jobs Proposal Boosts Home Prices
By Mike Colpitts The Obama administration’s proposal of jobs and spending initiatives would supply much needed aid to the real estate industry, and give the housing market a shot in the arm towards recovery eventually boosting home prices, an analysis of the program has found. Consumers and businesses are concerned about the U.S. economy, which… Continue reading Jobs Proposal Boosts Home Prices