Articles by Megan Hopkins

Homebuilders face high lumber prices

Builders also struggling to obtain construction credit
A number of recent reports would point toward a thriving market for homebuilders. However, builders are coming up against a number of problems that are seemingly jolting their success lately.
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Shadow inventory decline begins to accelerate

Linked to drop in 90 days+ past due loans
With its largest quarter-over-quarter drop since the credit crisis began, shadow inventory fell from 3.28 million loans in the first quarter of 2013 to 2.99 million in the second quarter, a 35% drop on an annualized basis.
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Real estate markets show signs of slowing down

A few key markets buck the trend
Multiple reports suggest the real estate market may be leveling out. The latest Redfin report claims only 29.2% of homes are selling within 14 days, still a relatively high number, but clearly returning to pre-bubble norms.
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Chicago housing market experiences drastic turnaround

Home sales up nearly 32% from last year
The city of Chicago reported a 31.1% annual increase in home sales with 2,838 sales last month, up from 2,164 sales a year earlier. Chicago’s median sales price hit $250,000 in July, a significant 25% increase from last year, when the median price hovered at $200,000.
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