Foreclosures Fall-For Now

December 16, 2009 By admin Leave a Comment

Foreclosures fall — for now According to RealtyTrac, foreclosure filings fell by 8% in November, making it the fourth consecutive month of improvement in the housing market. There were 306,627 filings last month, a decline that follows a 3% drop in October, 4% in September and 1% in August. “Loan modifications and other foreclosure prevention… Read More

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U.S. housing values decline by trillions since the 2006 peak (Detroit Free Press)

December 13, 2009 By admin Leave a Comment

U.S. homeowners have lost about $5.9 trillion in value since the housing market’s peak in March 2006 as mounting foreclosures and the recession weighed on prices, according to Zillow.com.

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U.S. Homeowners Lost $5.9 Trillion Since 2006 Peak (Update1) (Bloomberg)

December 9, 2009 By admin Leave a Comment

Almost half a trillion dollars was wiped out this year through November as housing headed for a third straight annual decline. New foreclosures and higher mortgage rates in 2010 may hinder a rebound, the property data service said today in a statement.

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Real Estate Market Report: Housing Prices Decline 0.4% in November (PRWeb via Yahoo! News)

December 8, 2009 By admin Leave a Comment

The December 2009 National Real Estate Market Report, published by real-time real estate market data firm Altos Research, finds asking home prices declining in 25 of 26 metro markets. While lagging housing market indicators are just starting to report home price increases in the first half of the year, real-time data shows that prices have resumed their decline.

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DELAWARE: Number of underwater mortgages recedes (The Daily Times)

December 8, 2009 By admin Leave a Comment

With local residential real estate values on the rise again, Delaware is seeing a decline in the number of homeowners who owe more than their property is worth, which in turn could help stem foreclosures, market observers say.

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