Foreclosures Rise 18%

The epidemic of foreclosures is rising, according to newly released figures from RealtyTrac, despite a slight slowdown in activity during the month of May. Year over year foreclosures rose 18%. Foreclosure filings, including default notices, scheduled auctions and bank repossessions were reported on 321,480 properties during the month, a decrease of 6% from April. The drop apparently developed as a result of moratoriums on foreclosures by the … [Read more...]

2013 Utah Housing Market

Utah may be on the verge of a housing market resurgence. “Home prices are expected to build during the next two years, increasing slowly in the first half of the year and accelerating during the second half of 2013 and into 2014, according to an analysis of indexes from Fiserv Case-Shiller, which measures the average change in home prices in particular geographic markets,” according to an article (“Utah housing sector expected to improve over … [Read more...]

Twenty Five Percent of Real Estate Markets to Appreciate

Nearly a quarter of the real estate markets Housing Predictor forecasts in 2008 will see appreciation, while the majority are projected to deflate with slower home sales. Some 251 markets are forecast in all 50 states for the year with 191 projected to depreciate. Sixty are forecast to appreciate. Those forecast to appreciate are generally less populous or have experienced slower housing cycles than the rest of the country, and most are … [Read more...]

Top 25 Real Estate Markets in 2007

Top 25 Real Estate Market Forecast Editors Note: Access this years Top 25 Markets through the menu on the left. Driven by strong local economies the Top 25 housing markets with the highest forecast appreciation are further proof that all real estate is local in nature, and that despite news reports that the entire nation’s housing markets are depreciating, many states have housing markets that are appreciating strongly. Fifteen states … [Read more...]

SEC Halts $100 Million Real Estate Ponzi Scheme

By Ryan Jackson The Securities and Exchange Commission has charged a Utah man with operating a real estate Ponzi scheme that bilked investors out of $100 million throughout the U.S. and shut down the private hard money lending company. Wayne L. Palmer, 57, and his company, National Note of Utah in West Jordan have been charged with running the scheme, in which they lured investors to invest money in private mortgages promising annual rates … [Read more...]

Recovery Pushes Foreclosures Lower 3 Months

By Mike Colpitts In a sign the U.S. housing market is on the road to recovery, foreclosures dropped for the third month in a row in April, despite a traceable increase in repossessions along the eastern U.S. coast. Initial notices of default were filed against 188,780 residential properties, the lowest since July 2007. Final bank repossessions (REOs) dropped for the third straight month in April, down 7% from March. Lenders completed … [Read more...]

Appreciation Forecast Tops 100+ U.S. Cities

For the first time in six years, more than 100 U.S. cities are forecast to experience housing appreciation by the end of the year. After strong evidence of growing economic recovery developed in North Carolina and Utah housing markets, the number of U.S. cities projected to inflate in home values hit 105. Driven by near record low mortgage rates and lower home prices, home sale trends in Utah and North Carolina cities housing markets gained … [Read more...]

2012 Utah Housing Market

Bulging home sales driven by near record low mortgage rates, better employment levels than many other states and the lowest home prices in years are beginning to pressure home values in Utah. Average home prices are forecast to appreciate by the end of the year. Five years after the housing bubble burst, the Utah housing market has slowly been making its way out of the bust in Salt Lake City, where home sales are moving at a brisk pace in … [Read more...]

Courts May Decide Housing Market Future

By Mike Colpitts Hundreds of lawsuits winding their way through courtrooms in the U.S. could ultimately determine the future of the housing market in America. A major case involving the attempted foreclosure of a home in Utah could produce a court precedent on which other cases could stand. Courts are hearing cases over foreclosure challenges in the majority of the country, including appellate courts in New York, California and Florida. … [Read more...]

Home Price Index Shows Six Month Drop

By Mike Colpitts Home prices dropped for six straight months in the U.S., declining by 5.7% on average in January compared to a year earlier, despite the federal governments home buyer tax credit, according to Core Logic. The real estate research firm gathers mortgage data for the lending industry. The drop represented a 1% higher loss in average home values from 2009 levels. The rate was narrowly similar to the Housing Predictor average … [Read more...]