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Tag: Foreclosures

Legacy Foreclosures Hide Mortgage Successes

Legacy Foreclosures Hide Mortgage Successes

There’s no doubt about it, 2016 was a bright spot for foreclosures, the best year since 2006. The latest figures from ATTOM Data Solutions show that in 2016 there were 933,045 foreclosure filings of all sorts — default notices, scheduled auctions and bank repossessions. That’s down almost 14 percent from 2015. “The national foreclosure rate […]

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Is Mortgage Shopping Too Quick?

Is Mortgage Shopping Too Quick?

Has mortgage shopping become too quick and easy? Or, are speedy mortgages a good thing, evidence that automated loan services are a growing success, making it easier to get financing with fewer hassles? “On average,” reports Zillow, in a just-released study, “Americans spend just eight hours researching their home loan, and obtain just four quotes […]

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Real Estate: Are There Limits To Housification?

Real Estate: Are There Limits To Housification?

We tried, we really tried. Housification™ – the effort to continually raise homeownership levels – seems to have a natural limit within the US. The homeownership rate stood at 63.5 percent for the first quarter of 2016, the very same level we had 50 years ago. Increasing levels of homeownership has been a national goal […]

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Trump, Sanders on Recession & Real Estate

Trump, Sanders on Recession & Real Estate

  Donald Trump says America is on the verge of a “massive recession,” a view which is not just widely shared, it’s a reality for tens of millions of people. While it may seem strange to the economists who have largely lined up against the Trump perspective, the idea that the American economy is not […]

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2015 Foreclosures Hit Nine-Year Low

2015 Foreclosures Hit Nine-Year Low

Real estate foreclosures hit a nine-year low in 2015, according to the latest annual report from RealtyTrac. “In 2015 we saw a return to normal, healthy foreclosure activity in many markets even as banks continued to clean up some of the last vestiges of distress left over from the last housing crisis,” said Daren Blomquist, […]

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Breaking News: US Real Estate Prices Reach Record High

Breaking News: US Real Estate Prices Reach Record High

With real estate prices consistently rising you knew it had to happen and now it has: According to the federal government US home prices nationwide have finally topped the old record high set in March 2007. The figure comes from the monthly House Price Index (HPI) issued by the Federal Housing Finance Agency (FHFA). Each […]

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What Happened To Real Estate Prices in 2015?

What Happened To Real Estate Prices in 2015?

Real estate values increased substantially in 2015 but did they increase enough? “The median sales price of U.S. single family homes and condos in October was $207,500, up 1 percent from the previous month and up 10 percent from a year ago — the highest year-over-year percentage increase since February 2014,” according to RealtyTrac, the […]

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Why Legacy Mortgages Still Boost Foreclosure Totals

Why Legacy Mortgages Still Boost Foreclosure Totals

The mortgage meltdown ended in 2008. That’s a long time ago and yet it is the loans from mortgage lending’s go-go era from 2000 to 2008 which continue to screw up the real estate market even today. No, certainly, we are not seeing the foreclosure levels which dominated the marketplace once it became apparent that […]

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How Long Can Mortgage Rates Remain So Low?

How Long Can Mortgage Rates Remain So Low?

Mortgage rates have been far lower than expected in 2014, rates which should have resulted in booming home sales and rising real estate values. However that has not been the case. Instead what we have is a weird situation where mortgage rates remain in a trough and potentially might even go lower. It was originally […]

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Real Estate: Why Neighborhood Crime Stats Are Wrong

Real Estate: Why Neighborhood Crime Stats Are Wrong

Crime is a big problem and in the process of considering a move to a new city I wanted to see if I could compare crime rates between ZIP codes. I found a lot of numbers online and then stumbled onto a bastion of data sanity as well as a way to save nearly $150 […]

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