Realtor.com: Tightening Inventories Likely To Push Home Prices Up

[facebook] [retweet] Inventories tightened 8.7% from January 2014 to January 2015 Housing inventory continues to tighten in markets across the country – a 2015 trend identified by realtor.com Chief Economist Jonathan Smoke in its housing inventory data report for January. Nationwide total listings declined by 6.7% month over month and about 8.7% year over year. “January’s inventory…

Median Distressed Home Price Jumps 18 Percent in October

[facebook][retweet] The median price of distressed residential properties, which are those that are either in the foreclosure process or owned by a bank, jumped up by 18 percent year-over-year in October, according to RealtyTrac’s October 2014 Residential and Foreclosure Sales Report. The price of non-distressed homes increased at the slower rate of 11 percent during the same…

Underwater Rate Dips; Borrower Equity Jumps by $1 Trillion

[facebook] [retweet] The nation’s negative equity rate dipped closer to single digits in the year’s second quarter, though nearly one in five borrowers remain poorly positioned, according to new data released Thursday. Property information firm CoreLogic reported that nearly 946,000 homes returned to positive equity in the second quarter, meaning the mortgage holders owe less…