Thursday, July 25, 2013

June Existing- Home Sales Slip but Prices Continue to Roll at Double Digit Rates

Hi Friends,

During my reading I came across this article that I thought may be of interest to you.

"WASHINGTON (July 22, 2013) - Existing-home sales declined in June but have stayed well above year-ago levels for the past two years, while the median price shows seven straight months of double digit year-over-year increases, according to the National Association of Realtors."
Let me know if you have any questions!

Thursday, July 18, 2013

Administration Warns Delinquencies Remain High Despite Decreases

Hi Friends!

In my reading today I came across this article. It has some points I thought might be of interest to you. 

"Foreclosures and mortgage delinquencies may be declining, but that doesn’t mean the industry should let its guard down. In the Obama Administration’s latest housing scorecard, which provides an overview of the housing market based on private and public sector data, officials continued to warn of a “fragile” recovery despite improvements."

To continue reading follow the link provided: 

Administration Warns Delinquencies Remain High Despite Decreases

Let me know if you have any questions! 

Wednesday, July 10, 2013

Shadow Inventory Falls 34% from 2010 Peak

Hi Friends,

I came across an interesting article that I thought might be of interest to you! 

"Fewer than 2 million homes remain in shadow inventory as of April, CoreLogic reported Tuesday.This puts shadow inventory at a supply of 5.3 months and represents an 18 percent year-over-year decrease. The data provider also reported shadow inventory is 34 percent lower than the 2010 peak of 3 million. For its estimate, CoreLogic counts unlisted properties that are seriously delinquent, in foreclosure, or held as REOs as shadow inventory.Currently, serious delinquencies make up the bulk of shadow inventory. Out of the total for shadow inventory, about 890,000 homes are seriously delinquent, while 761,000 are in some stage of foreclosure, and another 336,000 are REOs."

Follow the link to continue reading: Shadow Inventory Falls 34% from 2010 Peak