Housing Index Shows Upward Trend

By Mike Colpitts Home prices declined an average of less than one-percent in the U.S. on a year to year basis through the end of March, according to a heavily watched housing price index indicating an upward trend for the marketplace. The CoreLogic index showed that prices were down 0.6% from one year ago, including distressed properties, which are foreclosures and bank assisted short sales. The index monitors 100 of the nation’s largest … [Read more...]

Home Values Rising in Hard Hit Markets

By Mike Colpitts A tighter inventory of homes listed on the market for sale are sending home values rising in some of the most unlikely U.S. housing markets, according to real estate research firm CoreLogic. Three states which cities have experienced some of the steepest deflation in home values in the nation are witnessing appreciation. Hard hit Florida, Michigan and Arizona are seeing a boost in average home values. Led by long suffering … [Read more...]

Investors Home Buying Binge Rages

By Mike Colpitts Investors accounted for almost 1 in 4 home purchases during the month of January, up to 23% of purchases, demonstrating that the home buying binge by investors is controlling a large portion of the U.S. housing market as bargain hungry investors attempt to cash in on deals. The figure was up 2% from December numbers provided by the National Association of Realtors monthly home sales report, but showed that the market is … [Read more...]

U S Foreclosures Drop Huge

By Mike Colpitts Formal foreclosures or homes that were repossessed by their lenders accounted for 830,000 U.S. homes in 2011, a huge drop of 24% from 2010, according to real estate data research firm CoreLogic. The decline comes as a result of moratoriums enacted by the nation’s five largest mortgage lenders to study damage from the robo signing scandal, and other judicial delays in many areas of the country. CoreLogic also says that 1.4 … [Read more...]

2012 North Dakota Housing Market

Driven by growing energy markets in natural gas and oil exploration, North Dakota was virtually immune from the Great Recession. The state is also seeing its biggest boom in history as thousands of newcomers flock to the region, but that doesn’t leave North Dakota in perfect shape either. The same booming scenario is forcing some senior citizens who don’t own their own homes out of the state and into other areas, where rents haven’t tripled in … [Read more...]

Housing Market Bottoms Hit as Home Values Escalate

By Mike Colpitts Following years of hard times, declining home values and a record volume of foreclosures, the housing market is finally hitting the bottom in at least some U.S. cities, and it can’t come soon enough for plenty of others. North Dakota, South Dakota and parts of Texas are booming with oil and natural gas exploration driving many home prices higher. A delayed recovery, however, will be in effect for much of the nation as the … [Read more...]

Record High Crop Prices Inflate Home Values

By Mike Colpitts Record high prices farmers are being paid for crops in the Mid-West are pressuring home prices, and are forecast to inflate home values as the real estate collapse moves closer to an end for part of the U.S. in 2012, according to the new Housing Predictor annual forecast. In all, a total of 15 states will witness at least some cities with inflating home prices, despite the horrific foreclosure crisis and ailing economy in … [Read more...]

Mortgage Delinquencies Jump First Time in 2 Years

By Kevin Chiu Indicating that long periods of high underemployment and joblessness are hurting the economy, mortgage delinquencies jumped for the first time in two years in the third quarter. The U.S. mortgage delinquency rate rose 5.88% during the period, according to Trans Union. “Until this time, we had seen six straight quarters where progressively more people were able to make mortgage payments on time,” said Tim Martin, the firm’s … [Read more...]

Home Prices Decline Year Over Year

By Kevin Chiu Home prices declined an average of 4.4% on a year-over-year basis in the U.S. through August, despite a slight increase in home values over summer months as a result of higher home sales, and record low mortgage rates, according to real estate research firm CoreLogic. The decline in home values echoes Housing Predictor forecasts for most U.S. cities for the year. The 0.4% August drop was the first decline in four months after … [Read more...]

Jobs Proposal Boosts Home Prices

By Mike Colpitts The Obama administration's proposal of jobs and spending initiatives would supply much needed aid to the real estate industry, and give the housing market a shot in the arm towards recovery eventually boosting home prices, an analysis of the program has found. Consumers and businesses are concerned about the U.S. economy, which has been ailing since the financial crisis exploded on Wall Street more than three years ago. … [Read more...]