Housing continues to ascend in both numbers and values in April 2013 as reported by the National Association of Realtors®. Existing home sales jumped 9.7 percent from April 2012 to April 2013, now at a seasonally-adjusted annualized rate (SAAR) of 4.97 million The number of… Read more
Posts Tagged ‘short sales’
Robust November Existing Home Sales With Less Than 5 Months of Inventory Setting Foundation for Continued Price Recovery
Dec31
0
The story behind the November 2012 existing home sales data is that the number of months of inventory was less than five months – the lowest since the market peaked in September 2005. Real estate economists generally contend that six months of inventory of existing… Read more
October 2012 Existing Home Sales Up More Than 10 Percent Compared to October 2011 — 4.79 Million SAAR This Year Vs. 4.32 Million Last Year
Nov20
0
Housing continues to make a comeback following the real estate depression of 2007 through 2011. Job growth (albeit tepid), rising rents and population growth are the trifecta to increased sales and prices. October 2012 saw a Seasonally-Adjusted Annualized Sales Rate (SAAR) of 4.79 million existing… Read more
Rapidly Shrinking Shadow Inventory Reported by the HousingWire — A Look at the Supply Side of the Equation (written September 25, 2012)
Sep27
2
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
Housing Markets Improving — As Are Lending Profits
Sep06
0
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
Foreclosures Down 16 Percent — But You Need to Read the Rest of Story (thank you Paul Harvey)
Aug31
0
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
April Existing Home Sales Up 10 Percent Year-Over-Year — Median Home Price Up 10.1 Percent Year-Over-Year — Yee Haw!
May23
1
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 Fuse is Burning and Time is of the Essence — The Pending Expiration of the Mortgage Forgiveness Debt Relief Act
May16
6
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
Greatest Foreclosure Discounts in US Metro Markets
Feb01
0
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
Short Sales Romance With 1st Time Buyers Becoming Less Alluring
Sep27
2
Processing times are mangling the short sale segment—particularly for first time buyers according to RISMedia. In reporting the results of the latest Campbell/Mortgage Finance HousingPulse Tracking Survey, RISMedia states that one in every six house sales came from short sales according to a survey of… Read more
