Items Tagged with 'RealtyTrac'

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RealtyTrac: Home flipping reaches 2-year high

Profits highest in more than 10 years
Home flipping isn't always good for the housing market, as RealtyTrac stresses that excessive flipping can overheat property sales. Now that home flipping reached a two-year high and profits are at a 10-year high, it may be time to worry about things getting too warm.
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RealtyTrac: Women lose out on homeowner profitability

Could be stuck in a domino effect
Homes owned by single women tend to hold a lesser value and appreciate at a lower percentage than homes owned by single men. However, women tend to make less money than men, meaning they're likely to buy homes that appreciate less, thus causing a domino effect.
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Here are the top 5 reasons some homeowners are still underwater [Infographic]

RealtyTrac analysis reveals commonalities among underwater homeowners
As the housing market improved and prices rose over the last few years, the number of borrowers that owe more on their home than it's worth fell dramatically, as RealtyTrac notes that 12% of homes with a mortgage are still underwater. But with nationwide home prices rising 47% since bottoming out in February 2012, why are there still so many underwater borrowers? Here are the top five reasons.
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Strong housing market helps reduce lingering foreclosure inventory

RealtyTrac: Lenders take advantage of seller’s market
"Lenders have been taking advantage of the strong seller’s market to dispose of lingering foreclosure inventory over the past year, evidenced by 12 consecutive months of increasing bank repossessions ending in February and now evidenced by these numbers showing a sharp drop in vacant zombie foreclosures compared to a year ago," RealtyTrac senior vice president Daren Blomquist said.
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Affordable mortgage rates? Loan originations fall to two-year low

RealtyTrac report shows first-quarter refinance originations down 20% from 2015
Despite the fact that mortgage interest rates routinely hovered around "historic" lows for much of the first quarter, loan originations fell to their lowest level in two years, according to a new report from RealtyTrac. What drove the decrease? Click through to find out.
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Cash homebuyers threaten to overheat some markets

Nationwide, cash homebuyers receive an average discount of 23%
While the majority of cash homebuyers received an average discount of 23%, this can't be said for everyone. The select few markets where cash buyers ended up paying a premium could be in danger of overheating.
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Foreclosures now lowest since housing crisis

Interactive map shows Q1 activity
Although March may have seen an increase in foreclosure activity, for the quarter the numbers were still down. In fact, quarterly foreclosure activity is now at its lowest level since 2006, but still 25% higher than pre-crisis numbers.
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