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Recovery Signals

Fannie Sees Sales Plunging as Prices Rise

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  Fannie Mae’s economists downgraded their outlook for 2014 sales following the disappointing housing activity seen during the first half of the year but remained bullish on the housing market’s ability to consolidate it price gains this year. According to the forecast in Fannie’s August Housing Forecast, home sales will fall 3.2 percent below last year’s level of 5,519,000 units ... Read More »

Housing Recovery Hits the Brakes Across America

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    Home price increases that were generated in the heady days of spring are drying up quickly in the summer months, increasing the chances that the year will end with the housing recovery’s performance far short of last year’s stellar performance and possibly in the red in more marginal markets than last year. The national median existing single-family home ... Read More »

Hello Moderation, Bye Distress Sales

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As a percent of all sales, distressed sales fell to 18 percent in July from their peak of 40.8 percent in March of 2011. The major shift in home sale type, from distressed to fair market, will continue to impact future growth potential for markets overall, reports Clear Capital’s July Market Report. Does that mean home price gains will continue ... Read More »

Experts’ Crystal Ball Sees 4.6 Percent Gain

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A survey of 104 economists, real estate experts and investment and market strategists predicted the U.S. Zillow Home Value Index would rise 4.6 percent year-over-year by the end of 2014, to $177,895, and expected the pace to slow in each of the next four years. The most optimistic group of panelists predicted a 5.6 percent annual increase in home values ... Read More »

One State Leads the Foreclosure Marathon

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As the Foreclosure Era enters its final months, completed foreclosures are increasingly concentrating in a handful of states and one state reports three times as many as the next runner-up.  Regions of the nation have virtually returned to normal as their foreclosure inventories dry up and are not refilled. Five states account for almost half of all completed foreclosures in ... Read More »

Mixed Signals: Improving Economy is Not Helping Housing

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  Most housing markets remain weak despite declining mortgage delinquencies, improving local employment, house price gains and attractive mortgage rates due to weak home purchase mortgage applications. The latest data from Freddie Mac’s Multi-Indicator Market Index(SM) (MiMi(SM)) showing mixed signals for the U.S. housing market: The national MiMi value stands at -3.01 points indicating a weak housing market overall with ... Read More »

Texas and West Lead the Parade to Positive Equity

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In the first quarter, Texas had the highest percentage of mortgaged residential properties in an equity position at 96.7 percent, followed by Montana (96.3 percent), Alaska (95.7 percent), North Dakota (95.7 percent) and Hawaii (95.6 percent) according to the latest report from CoreLogic. CoreLogic said more than 300,000 homes returned to positive equity in the first quarter of 2014, bringing ... Read More »

CoreLogic: Prices to Rise Deep into 2015

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Home prices are projected to increase 1.0 percent every month from until May 2014, reaching an 6.3 percent year-over-year increase (+/- 1.5 percent) from April 2014 to April 2015, according to the latest forecast by the CoreLogic Home Price Index. excluding distressed sales like foreclosures and short sales,  prices are expected to rise between 0.8 percent month over month and ... Read More »

Homeowners Get Whole Faster When the Water is Deeper

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One of the best measures of the housing recovery is the steady progress than is being made in markets across the country to return home values to their peak values seven or eight years ago.  While sales sag despite retreating interest rates and inventories provide just enough listings to prevent last year’s price eruption, homeowners are leaving negative equity and ... Read More »

Freddie Mac: Housing Markets Lay an Egg

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Housing markets overall are largely flat compared to a month ago and especially since last year at this time. Of those markets that are improving or experiencing a stable range of housing activity, most are benefiting from the energy boom taking place along the country’s mid-section. Freddie Mac’s Multi-Indicator Market Index (MiMi) reports that: The national MiMi value stands at ... Read More »