loanDepot officially files for IPO

loanDepot officially files for IPO

Number of shares, price range to be determined

Did Sen. Corker violate SEC rules, Senate ethics by telling investors to short GSEs?

Made questionable remarks on CNBC regarding stocks

House passes bipartisan TRID grace period bill 303-121

Next comes Senate, then looming threat of veto from White House

Veros sees slow housing recovery with 1.3% decline in home prices in 2012

Home prices over the next 12 months will remain relatively unchanged, with the strongest markets seeing a 4% uptick in appreciation and the weakest markets dropping by 6%, Veros Real Estate Solutions said Friday. The property valuation and real estate analytics firm said its home price index shows 2012 declines of 1.3% overall, which is lower than a prior forecast of 1.7% depreciation. The real estate markets with the strongest home price trends are found in North Dakota, Texas, South Dakota, Nebraska, Louisiana and Iowa. Veros predicts the highest home-price appreciation in 2012 to occur in Fargo and Bismarck, N.D., with growth rates of 3.5% and 3.3%, respectively. Home prices in the Washington, D.C., area are expected to rise 2.9% due to an uptick in new government jobs. One of the worst cities in terms of home prices is Bakersfield, Calif., which is expected to see declines of 6.8%. The city's home values are falling with unemployment at 15.1% and the area experiencing a high foreclosure and mortgage delinquency rate. The Reno-Sparks area in Nevada is expected to experience a decline of 5.7% in 2012. Veros says high unemployment continues to plague areas with depreciating home prices. The Las Vegas/Paradise, Nev., area, and Sacramento-Arden-Arcade-Roseville,Calif., and Fresno, Calif., are also expected to see depreciation of at least 5% this year. Write to Kerri Panchuk.

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