Freddie Mac: Here are the top 5 improving metro markets for housing

The Census Bureau is cooking the new home sales numbers

You can’t make bricks with imaginary straw

The 12 hottest housing markets right now

And the biggest losers in the price growth race
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Items Tagged with 'Short sale'

ARTICLES

The 12 hottest housing markets right now

And the biggest losers in the price growth race
Trey Garrison
RealtyTrac’s data for October breaks out the housing markets with the most price gains, the ones that are slowing, and what’s happening with short sales and foreclosures. Where does your market fit in, and what does it mean?
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RealtyTrac: Foreclosure sales fall to lowest level since Q1 2011

Median home prices increase for 30th consecutive month
Ben Lane
According to the report, residential properties, including single-family homes, condominiums and townhomes, sold at an estimated annual pace of 4,402,741 in September, a decrease of 1% from August 2014 and a decrease of 19% from one year ago.
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Congress must extend housing short sale tax relief

Threat of tax penalty has chilling effect on recovery
Tom Zeeb
The classification of the homeowner debt cancelled during a short sale as income allows the IRS to levy a hefty tax bill against Americans who were unable to pay their mortgage, thus burying them in further debt and making the use of the short sale transaction prohibitive.
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New Connecticut foreclosure law seeks to bypass judicial backlog

Offers short sale alternative, expedites process
Ben Lane
The bill, which was sponsored by State Representative Joe Diminico, who has been a Realtor for more than 30 years, allows property owners who are in the beginning of the foreclosure process to work directly with a broker and the mortgage holder to “speedily sell the property” and avoid the time-consuming judicial foreclosure process.
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Fannie Mae expands HomePath for Short Sales website

Ben Lane
The site’s new functionality will allow agents to contact Fannie directly earlier in the short sale process in an effort to preempt potential challenges, which the GSE says will decrease the need to escalate concerns as the short sale process progresses.
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5 brilliant insights in the CoreLogic April MarketPulse

Short sales down, short-term mortgages up, HELOCs all over
Trey Garrison
Shorter-term mortgages are on the rise, rising rates and equity may mean more HELOCs and short sales may fall of the cliff.
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California home sales continue to drop

Home price appreciation hits second year
Jacob Gaffney
Short sales made up an estimated 9.6% of the homes that resold last month. That was down from an estimated 10.9% the month before and 22.4% a year earlier.
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Minneapolis Realtors can't wait for Spring

Winter homes sales go BRRR!
Jacob Gaffney
The jury is still out on the impact of the unusually harsh winter on the housing economy. Some national statistics are noting a muted effect, with major metros brushing off the cold. Realtors in the Minneapolis/St. Paul region could not disagree more.
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From HW Magazine

A surge, now over

Once-hot short sales cool off
Kerry Curry
Distressed property sales, including short sales, accounted for 21.6% of national sales in the fall of 2013, according to a recent four-month rolling quarter report from Clear Capital — a far cry from the peak of 41% in 2011.
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Longer foreclosures squeeze investor profit

Fitch: Loss severities rise for first time in years
Jacob Gaffney
The rate at which mortgage servicers advanced missed borrower payments increased in the fourth quarter for the first time since the onset of the financial crisis, the Fitch report states.
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