Double Digit Appreciation Threatens Recovery

By Mike Colpitts Double digit housing appreciation being experienced in some of what were the hardest hit U.S. housing markets threatens to de-stabilize prices, add to consumer doubts about the economy and threatens the housing recovery, according to an analysis of cities that have experienced wild appreciation over the past few months. Higher home values… Continue reading Double Digit Appreciation Threatens Recovery

Higher Home Values Forecast in 85 Cities

As the recovery of the U.S. housing market gains traction, higher home values are forecast to develop by the end of 2012 in 85 cities, according to Housing Predictor analysts. The upturn in home prices is especially evident in many of the hardest hit states. The growing trend of home price inflation is developing strongly… Continue reading Higher Home Values Forecast in 85 Cities

5 States Sustain Half of Foreclosures

By Ryan Jackson Nearly half of all foreclosures in the U.S. were in the five hardest hit states in the nation during June, with California, Florida and Michigan sustaining the highest number of failed mortgages, according to real estate research firm CoreLogic. Texas and Georgia also suffered major losses in terms of foreclosed properties. Combined,… Continue reading 5 States Sustain Half of Foreclosures

Formal Foreclosures Fall 21 Straight Months

By Mike Colpitts Formal foreclosures fell for the 21st straight month in July as repossessions on U.S. residential properties ran into additional snags. Lenders completed 53,654 foreclosures during the month, a 1% fall from June and a 21% drop from a year ago, according to RealtyTrac. Bank owned REO activity also fell on an annualized… Continue reading Formal Foreclosures Fall 21 Straight Months

U.S. Decision Adds 750,000 Foreclosures

By Kevin Chiu The decision of the Obama Administration’s chief housing czar to reject principal mortgage reductions to underwater homeowners at risk of foreclosure is another blow to the U.S. housing market, and will result in at least 750,000 additional foreclosures, according to a Housing Predictor analysis. The heated debate over forgiving mortgage principal is… Continue reading U.S. Decision Adds 750,000 Foreclosures

Strong Majority Say Home Values Will Inflate

The U.S. housing market is in for a healthy recovery, according to a new survey. A strong majority of consumers polled say they expect home values in all U.S. cities to inflate. Sixty-one percent of those surveyed said that home prices will inflate, despite the economic issues that face the U.S. economy and the real… Continue reading Strong Majority Say Home Values Will Inflate

Olympic Foreclosure May Aid Others

By Mike Colpitts Olympic gold medal swimmer Ryan Lochte’s parents are facing foreclosure on their Florida home. But in this day an age of modern technology, some good may come out of it with a real estate website that is offering free help to other homeowners in the same situation. The website, Real Estate Investing… Continue reading Olympic Foreclosure May Aid Others

Top 10 Real Estate College Towns

Investors and parents shopping for rentals for college students might realize a sharp increase in rents when students go off to college this fall. Rents on homes and apartments rose an average of 4% in the U.S. in the last year, and higher rents are expected. Realtor.com released its second annual round-up of the top… Continue reading Top 10 Real Estate College Towns

Mortgages Drop as Loan Interest Ebbs

By Mike Colpitts Mortgage activity dropped for the second week in a row as mortgage rates rose driven by a strong hike in U.S. Treasury yields. Bond rates have been rising for one straight week, pushing mortgage rates higher. The Mortgage Bankers Association market composite index on loan applications fell 4.5% on a seasonally adjusted… Continue reading Mortgages Drop as Loan Interest Ebbs