“Last month, we waited to see how the market would react to the Bank of Canada's latest interest rate hike and the B.C. government's tabling of their speculation tax,” said Marv Beer, president of the Okanagan Mainline Real Estate Board. However, it's a shock after the sellers' market earlier this year that saw homes sell […]
A recent American Banker article speculated about financial system weaknesses that might lead to the next economic crisis. Some of the issues on the list, like student debt, seem unlikely to lead to a crisis but are more likely to re-emerge as a serious problem for the financial sector once an economic downturn occurs. Foreclosure […]
The mortgage delinquency rate dipped to a 12-year low, but overvalued housing markets and eventual reversal in the unemployment rate present risk for future delinquencies, according to CoreLogic. About 4% of mortgages reached or maintained a state of delinquency or foreclosure in August, a drop off from 4.6% year-over-year and a month-over-month edge down from […]
In a surprising move, home sales in the Bonaire GA real estate market went up this past month, despite low inventory affecting this market. Some buyers and investors are still finding homes they like but others are moving on to other areas in Houston County for their home needs. Foreclosure News
My life was in a downward spiral. I was going through home foreclosure; I was incapacitated from a car accident, where I lost my car and then I lost my job. Foreclosure News
From rising prices to the new tax law, economists say there are a number of conditions contributing to a slowdown in the US housing market. But there may also be a less tangible factor at play: uncertainty. Foreclosure News
The Federal Housing Administration is seeking to narrow disparities between mortgages insured by the government and conventional loans, said FHA Commissioner Brian Montgomery. For example, the FHA is planning to streamline its single-family loan servicing requirements in order to align them with industry standards. Foreclosure News
Opendoor, which has already raised billions to buy homes over the internet, just landed another large investor: the SoftBank Vision Fund. The fund, part of SoftBank Group Corp., is investing $ 400 million in Opendoor, whose flagship service uses home-pricing algorithms to make rapid, all-cash offers to sellers, charging a fee for simplifying the selling […]
The Boston condo market has been anything but normal for the last eleven years. In a normal real estate market, home prices appreciate 3.7% annually. Foreclosure News
Owning a home was once a time-honored life milestone. Buying real estate was simply what you did as an adult in America, and for many people Homeownership was the ultimate indicator of life success and social status. Foreclosure News