Investors with property loans issued before the housing crisis continue to see fewer defaults than those for owner-occupied properties.
Read More »The Markets Where Homes are Most Valuable May Surprise You
Pro Teck highlighted 10 CBSAs for their growth in home sales prices year-over-year. Five areas saw enough improvement in their prices to receive “strong” ratings, with one considered “good” and four others “soft.”
Read More »Prudent or Petty: The Government’s Settlement Strategy
In light of their ineffectiveness in preventing another downturn in housing and their possible contribution to the slowness of the housing recovery, the question then becomes whether the imposition of penalties by the federal government, while "not insurmountable," is really in the best interest of the American consumer. Are they prudent or just petty?
Read More »NFHA Files Complaint Against BofA, Alleging Discriminatory Practices
The National Fair Housing Alliance and five member agencies filed a federal discrimination complaint against Bank of America on Tuesday, alleging widespread neglect in predominantly black and Hispanic communities across the country. The watchdog agency and members unveiled a HUD-funded report to support the claims that Bank of America violates the Fair Housing Act by neglecting REO properties in these communities.
Read More »Home Prices Continue Upward Trend in July: FNC
The picture gets rosier for housing as home prices continue their climb back to the top. One recent price index puts the July increase for prices at 0.9 percent, with prices achieving their first sustained recovery on a year-over-year basis since the market went bust in 2007.
Read More »Home Prices Up Yearly, Inventory Down Nearly 30%: RE/MAX
Home prices skimmed close to the bottom during July this year but climbed 6.3 percent year-over-year by August, according to RE/MAX. The real estate company revealed in its latest National Housing Report that median home prices ticked up from last year over the last seven straight months. Forty-six of the 53 metro areas covered by the RE/MAX report saw prices tick up from over last year, with 15 observing double-digit increases.
Read More »Redfin: 19 Major Markets See Price Gains in August
Beating summer expectations, home prices ticked up 5 percent across 19 major U.S. markets in what real estate broker Redfin called an indicator of a housing market getting stronger. According to the broker, home sales went up 1.4 percent year-over-year, eclipsing a 2.5 percent decline in July. Home sales increased from 26.7 percent to 27.6 percent last month.
Read More »NAR: Tight Lending Standards Stunting Home Sales and Employment
If Realtors have anything to say about tight lending standards, the observation would be such standards are preventing more home sales and holding back job creation. The Washington, D.C.-based National Association of Realtors recently reached their conclusions in a survey conducted with real estate agents. The findings? Lenders take too long with approving applications, requiring excessive information and preferring only interested homebuyers with high credit scores.
Read More »Missouri Bank Failure Brings Tally to 42
Truman Bank became the 42nd community bank to shutter its doors on Friday, falling under the weight of bad commercial loans with $282.3 million in total assets.
Read More »Report: Are We in Better Shape Now than Four Years Ago?
When he ran for the presidency in 1980, Ronald Reagan, then Republican governor of California, struck at then-President Jimmy Carter over the strength of the economy. His question for Americans: Are you better off now than you were four years ago? That's the question Paul Ashworth and Paul Dales, senior analysts with Capital Economics, offered to answer in a report released by the consultancy on Friday. The report breaks down recent economic trends, including GDP, home sales, and median income.
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