Housing bubble or not, the real estate market is in trouble
First, some good news. Despite the meteoric rise in home prices, the real estate market hasn't ventured into housing bubble territory.
First, some good news. Despite the meteoric rise in home prices, the real estate market hasn't ventured into housing bubble territory.
The foreclosure inventory, that is the percentage of loans in the process of foreclosure, appears to have stabilized at 0.6 percent of all outstanding first mortgage loans. CoreLogic said on Tuesday that that the inventory has been unchanged at that level , the lowest since June 2007, since last August . Foreclosure News
Choose your news! Select the text alerts you want to receive: breaking news, prep sports scores, school closings, weather, and more. DeKALB – After being in foreclosure for about 18 months, the Victorian-style home of Hiram Ellwood , brother of barbed wire baron Isaac Ellwood, will be up for auction Thursday. Foreclosure News
For retail borrowers lulled by the prolonged benign interest rate regime, the spike in repo rate is a clear signal to tighten the purse strings, as marketwatchers expect at least one more round of policy rate hike. Find out the steps you should be taking to reduce the burden of a higher interest rate on…
The real estate recession is still being felt in Chisago County and according to a housing study contracted by the county, “The building permits have not fully recovered from the recession.” There wasn't much upward trending in the market for five years. Foreclosure News
Data from the Pima County Recorder's office shows there were 372 foreclosures in the first three months of this year, the lowest since 2007 when 251 homes were sold in foreclosure in that same timeframe. That number rose to 824 in the first quarter of 2008 and climbed steadily to the peak of 2,052 foreclosures…