December saw a 30-month low of foreclosures, with filings on 257,747 properties, a drop of 26 percent from the previous year. That was the biggest annual drop in foreclosure activity since RealtyTrac first published foreclosure data in January 2005.
The housing market had a very strong 2016, but cooled off a bit as the year closed out. There were 5.45 million sales of existing-homes last year, the highest level since 2006, according to data.
A new wave of foreclosures is spreading into previously insulated areas as unemployment increasingly drags down the housing market, according to online foreclosure marketplace RealtyTrac. The.
Fitch Updates Ratings Model; Projects Steep Housing Price Declines Fitch forecasts mostly slower housing price growth but overall markets still stable. Fitch Ratings says in its latest Global Housing and Mortgage report that while the. Italian home prices are expected to stabilise after years of declines, leaving .Donovan: Sequestration could devastate Fed housing programs · In cataloging the impact of sequestration to a Senate panel last month, HUD Secretary Shaun Donovan warned lawmakers that the government spending cuts would have harsh consequences for housing programs and could threaten Superstorm Sandy recovery efforts in the U.S. Northeast.
U.S. housing market: Stuck in a multi-year hangover. Real estate data firm Realtytrac recently released a study estimating that 21% of all homes now. The housing market has come a long way.
Average pay falls. Among the 100 executives working at natural resource firms in Colorado, average pay rose from $2.1 million in 2015 to $2.8 million last year, an increase of 34.2 percent. For all other industries, average executive pay fell 7.6 percent, from $2.4 million to $2.25 million.
Former ICE chief: Raids for political. The housing market is about to shift in a bad way for buyers CNBC Quincy, Washington. 83 °F. Bottom of 7th. NYY. TB. Jul 13. 1-0. Top of 7th. BAL. PIT.
For distressed homeowners, short sales on the rise. Now it’s roughly even. There were 452 "pre-foreclosure" sales, the overwhelming majority being short sales, in St. Louis County in the first quarter. That’s a 33 percent increase from a year earlier, according to RealtyTrac, an online market for distressed property.
FDIC Warns Banks on HELOC Freezes, REO Management Summary: The FDIC is issuing the attached supervisory guidance to remind FDIC-supervised financial institutions that if, for risk management purposes, they decide to reduce or suspend home equity lines of credit, certain legal requirements designed to protect consumers must be followed.History: Fannie, Freddie Seized by Federal Government · Ten years and 7.5 billion ago, the federal government seized control of Fannie Mae and Freddie Mac. What did we get for the effort and money? For one, American households had access to mortgage credit during the Great Recession. That alone was a remarkable success and likely worth the money, but that was not the [.]
· Former Accenture exec Michael Detwiler named Class valuation ceo. reverse mortgages have taken a brutal hit in the last two years.. enduring sizable volume drops and.
· But housing sales are up in both those cities on a year-over-year basis, which is preferred by analysts because it avoids seasonal fluctuations. In both cities, median prices are about $150,000-$160,000 and even bank-owned homes average $107,000-$110,000, a smaller gap.
“The housing market is still wobbly, but it does appear to have reached a bottom. “Foreclosures bear watching and may remain elevated until we start to see sustained improvement in the housing.