Archives for September 2012

Picts

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Biggest Home Price Increase Since 2006

By Mike Colpitts A sharp drop in the inventory of discount priced foreclosures led to the biggest year over year increase in home prices in a year during July, according to CoreLogic. The 3.8% average hike in values includes all residential properties in the U.S. The increase was the largest since August 2006 on a month over month basis, which is regarded as the peak of the real estate bubble in many areas of the country. Home prices rose an … [Read more...]

Mortgage Delinquencies Drop Two Straight Months

By Mike Colpitts Mortgage delinquencies fell for the second consecutive month in July and are down 11% for the last year, signaling a major improvement for the U.S. housing market, according to Lender Processing Services. Loans that are 30 days or more past due made up just 7.03% of home mortgages. The decline in late payments is positive news for the market beleaguered by the foreclosure crisis, with more than 2-million homes in the … [Read more...]