May 27th 2010 4:00PM
The headlines are full of the great news about new home sales. And some of them are warranted. New sales of single-family houses soared 14.8 percent to a seasonally adjusted annual rate of 504,000 units. The April gain followed a 29.8 percent surge in March, the biggest monthly increase in 47 years, according to the... Continue Reading »
May 11th 2010 3:00PM
The number of homes with negative equity -- when a homeowner owes more on it than its worth -- took a tiny tumble this month, according to CoreLogic. Homes in negative territory still make up 24 percent of all residential properties with a mortgage, but the number fell by 100,000: From 11.3 million to 11.2 million.... Continue Reading »
Apr 13th 2010 3:50PM
Hold on to your hats: Distressed home sales made up nearly a third of all home sales in the U.S. in January. Such sales, including short sales and real estate-owned (REO) transactions, accounted for 29 percent of sales -- reaching highs not seen since January 2009, when home prices were at their weakest, according to a... Continue Reading »
Dec 10th 2009 8:00AM
The number of foreclosure actions fell again in November. That's the fourth straight month that the total number of default filings, bank seizures, and foreclosure auctions fell. There were 306,627 foreclosure actions in November, according to RealtyTrac. That's down from it's peak of over 360,000 in July. Since then the... Continue Reading »
Dec 4th 2009 2:30PM
Just when you thought it was safe to open a newspaper, there's some bad news: There could be an additional 4.8 million foreclosure sales between 2009 and 2011, said Mark Zandi, chief economist at Moody's Economy.com in West Chester, Pennsylvania in an interview with Reuters.That's almost twice the 2.7 million foreclosure... Continue Reading »
