Earlier today I wrote about how economic demand for real estate in some small towns was increasing. I stated “Economics 101 teaches us that price changes in assets, goods and services are a function of supply and demand. The economic demand (versus demographic demand) for… Read more

Foreclosures dropped in July 2012 to 58,000 from 69,000 in July 2011 (and 62,000 in June 2012) according to CoreLogic. Half of all foreclosures were from five states: California, Florida, Michigan, Texas and Georgia. Homes tallied 1.3 million in some form of foreclosure (3.2 percent… Read more

Five states accounted for one-half of all foreclosures in July 2012 as reported by CoreLogic (and CoreLogic is the go-to-source for these type of data). July 2012 saw 58,000 completed foreclosures compared to 69,000 in July 2011. The decline is not necessarily due to a… Read more

CoreLogic, a premier provider of real estate and consumer related data, just released the latest info on U.S. housing markets from a default perspective. Another report from Freddie Mac adds to this, as well as an excellent summary by the Mortgage Bankers Association (MBA). Key… Read more

As I had written earlier this year, the U.S. housing market is finally turning the corner—and that is amplified in the release of April existing housing sales and prices from the National Association of Realtors®.  [As always, I invoke the “There Is No Such Thing… Read more

The clock is ticking for individuals either facing foreclosure or that are underwater and desire to complete a short sale of their primary dwelling, in regards to any debt forgiveness.  What may not be a taxable event in 2012, might become imputed ordinary income in… Read more

Homeowners that were in any stage of the foreclosure process in 2009 and 2010 and that were a customer of one of 27 mortgage servicers may qualify for a free foreclosure review that may in some circumstances lead to compensation.  Requests must be made no… Read more

RealtyTrac, a premier source for foreclosure information,  has released January 2012 foreclosure data statistics.  The top 10 states with greatest foreclosure discounts (typical foreclosure price compared to non-foreclosure sales) included: Largest Foreclosure Discounts January 2012 Rank State Foreclosure Discount 1 Massachusetts 53% 2 Massachusetts 49%… Read more

The Mortgage Bankers Association fourth quarter 2011 survey on Mortgage Delinquencies  found that the mortgage market is improving faster than economic conditions.   The delinquency rate for all loans fell to 7.58 percent in Q4 2011—a drop of 41 basis points (bp) sequentially from Q3 2011… Read more

RISMedia using RealtyTrac data reported the US Metros with greatest foreclosure discounts (typical foreclosure price compared to non-foreclosure or short sales) in cities with a minimum 100 foreclosures in the third quarter of 2011.   The RISMedia summary of RealtyTrac information also noted that sales of… Read more