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Dennis Norman A report released by First American CoreLogic shows the foreclosure rate in the US increased in January to 3.19 percent, an increase of 60.3 percent from a year ago when the national foreclosure rate was 1.99 percent. The national rate for seriously delinquent mortgage’s (mortgages that are 90+ days delinquent) increased in January as [...] Seventy Percent of all mortgaged properties in Nevada are underwater
Dennis Norman According to a report released today by First American CoreLogic more than 11.3 million U.S. mortgages, or 24 percent of all mortgaged properties, are in a negative equity position meaning the borrowers owe more on their mortgage than their home is worth as of [...]
Dennis Norman Home Prices Exhibit “Improving Declines” (sounds rather oxymoronic, huh?) In a report issued by First American CoreLogic national home prices continue to decline with their HPI (Loan Performance Home Price Index) declining by 3.7 percent in December 2009 compared with the year before. If you take the distressed sales out (foreclosures, short sales, etc) [...]
Dennis Norman Forecast is for further declines In a report issued today by First American CoreLogic national home prices continue to decline with their HPI (Loan Performance Home Price Index) declining by 5.7 percent in November 2009 compared with the year before. If you take the distressed sales out (foreclosures, short sales, etc) the nation decline [...] Dennis Norman In spite of recent “upbeat” reports on the housing market and some people even saying the worst is over, when it comes to declining home values it appears the fat lady hasn’t sung yet According to a report issued by First American CoreLogic national home prices continue to decline with their HPI (Loan Performance [...] Average value of home with “underwater” mortgage $210,300 – Average loan balance $280,000 – Average amount “upside down” $70,000 Dennis Norman According to a report released today by First American CoreLogic nearly 10.7 million U.S. mortgages, or 23 percent of all mortgaged properties, are in a negative equity position meaning the borrowers owe more on [...] Dennis Norman According to a report issued by First American CoreLogic the rate of decline in U.S. home prices improved in August with prices 10.1 percent below August 2008, compared with July’s year-over-year price decline of 11.6 percent and June’s decline of 14.1 percent. Obviously these numbers are being impacted by the number of distressed sales, which [...] Dennis Norman By: Dennis Norman It appears short sales are going to be here for a while, presenting opportunites for investors as sellers who are underwater on their mortgages with lenders that realize it are going to look for viable alternatives to foreclosure. Many investors have been actively pursuing short sales for some time now and according [...] Dennis Norman By: Dennis Norman Home prices in the U.S. fell 9.2% in May compared to a year ago according to newly released data from First American CoreLogic . May’s decline represents the smallest year-over-year decline since December 2007. Since U.S. home prices peaked in July 2006, national home prices have [...] |
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