Articles by Megan Hopkins

From HW Magazine

On the canvas

Detroit is in a fight for survival following bankruptcy -- but are there signs of life for housing in the city?
Detroit has long been known as one of the housing markets that was hit the hardest during the housing crisis. Even recently, RealtyTrac deemed the city the best place to find a fixer-upper based solely on the number of homes available for under $100,000, an indicator that home price appreciation has yet to catch up in the city.
Read More

Alliance launches a new advocacy group for homeowners

America’s Homeowner Alliance focuses on the consumer side
The day after Phil Bracken retired from his position as executive vice president for Wells Fargo Home Mortgage in July 2011, he began to brainstorm the concept behind America’s Homeowner Alliance, which has now become the collective voice of the nation's 75 million existing homeowners.
Read More

Underwater borrowers regain confidence on home equity gains

8.3 million homeowners could be above water within 15 months
8.3 million homeowners are now either slightly underwater or slightly above water, meaning they could have enough equity to sell their homes within the next 15 months without having to resort to a short sale, the latest data from RealtyTrac revealed.
Read More

Home staging professionals find new business in changing market

Studies show staged homes sell faster than properties without touch-ups
Studies show that professionally staged homes sell 73% faster than homes that have not been staged, according to the Real Estate Staging Association. And in today's transitional housing market, where competition ebbs and flows, home sellers are leaning on home staging professionals to capture the right bids.
Read More

Home price appreciation flame begins to weaken

Reports show a price moderation trend in the making
Home data reports from both CoreLogic and Clear Capital released Tuesday point toward continued growth in home prices, despite the recent rise in mortgage rates. However, both reports also show signs of moderation when it comes to price appreciation in the housing market.
Read More

Home finance write-offs drop 20%

Equifax data shows homeowners deleveraging at a steady pace
It seems that homeowners are facing less debt these days. The total balance of home finance write-offs year-to-date in July 2013 is $96.3 billion, a decrease of more than 22% from same time a year ago and the lowest since 2007.
Read More

Credit union lending hits five-year high

Membership in federally insured credit unions reaches 95.2 million
Second-quarter data from the National Credit Union Administration shows federally insured credit unions experienced brisk loan growth, reporting their highest net worth since 2008 and record membership levels in the second quarter.
Read More