Home prices are expected to grow by 7% this year according to JPMorgan Chase, while other investors expect to see a much larger increase. Investors have taken a keen interest in distressed properties and non-performing loans, which has aided the gain in home prices. JPMorgan Chase also suggested that distressed sales should drop over the ... MORE
Theresa Springer’s Blog
Foreclosure rates have dropped from last year by 18% according to CoreLogic. In November 2011 foreclosure completions hovered around 72,000 compared to November 2012 when numbers fell 23%, reaching only 55,000 foreclosure completions. Mark Fleming, chief economist for CoreLogic said, “the inventory of foreclosed properties continues to decline while the housing market demonstrates an ongoing ... MORE
A recent report from Fitch Ratings forecasts continued gains for the housing market through the end of the year. According to the report, modest growth in the economy, combined with fewer distressed sales and higher rental costs, will lead to continued improvement in both housing starts and home sales. Fitch predicts housing starts will end ... MORE
Several housing market experts, including the National Association of Realtors’ Lawrence Yun, Zillow’s Stan Humphries, and the National Association of Home Builders’ David Crowe, recently spoke at a forum hosted by the National Association of Real Estate Editors. They forecast continuing improvement for the nation’s real estate markets, though they expect that improvement to be ... MORE
According to the National Association of Realtors, sales of existing homes fell 1.5 percent in May but remain 9.6 percent above last year’s pace. Existing-home sales include single-family, townhomes, condominiums, and co-ops. Lawrence Yun, NAR’s chief economist, said home sales have moved markedly higher with 11 consecutive months of gains over the same month a ... MORE
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