la: Home Prices Surging 13 Times High than Wages. Don't Blame Investors
- 03/26/15 04:24 PM
In many markets, the housing recovery has "largely been driven over the last two years by buyers who are not as constrained by incomes -- namely the institutional investors coming in and buying up properties as rentals, and international buyers coming in and buying, often with cash," Daren Blomquist, vice president at RealtyTrac and author of the report, said in an interview. For demand from traditional buyers to improve, "either wages are going to need to go up or prices are going to need to at least flatten out and wait for wages to catch up," he said. "You might say the third alternative … (0 comments)
la: Foreclosure Filings Down 9% in Year as Wages and Employment Soars
- 03/26/15 04:13 PM
RVINE, Calif. – March 19, 2015 — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its U.S. Foreclosure Market Report™ for February 2015, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 101,938 U.S. properties in February, a decrease of 4 percent from revised January numbers and down 9 percent from a year ago to the lowest level since July 2006. The report also shows a U.S. foreclosure rate of one in every 1,295 housing units with a foreclosure filing in February. “Given that August 2006 was the peak of the housing bubble, … (0 comments)
la: Real Wages Increase Good News 4 Spring Home Buying Season
- 03/26/15 02:50 AM
Many economists and analysts have said that strong wage growth is needed in order for facilitate a full recovery for the housing industry. The latest datareleased by the U.S. Bureau of Labor Statisticsindicates that real wages are on the rise, increasing by 22 cents year-over-year. READ MORE http://dsnews.com/news/03-25-2015/latest-real-wage-growth-could-spell-good-news-for-housing?utm_source=DSNews.com&utm_campaign=6a7fc87c5b-Your_Daily_Dose1_28_2015&utm_medium=email&utm_term=0_1924082bfe-6a7fc87c5b-174730197
;)
;)
