reocertifed: California Promising Despite Drop in Sales: C.A.R.
- 05/23/12 01:36 AM
California Promising Despite Drop in Sales: C.A.R. By: Tory Barringer The California Association of Realtors (C.A.R.) reported Tuesday that, although pending home sales in the state fell from March to April, other statistics indicate a good start for the housing market.
C.A.R.‘s Pending Home Sales Index (PHSI) fell from a revised 138.9 in March to 128.0 in April. This index was nearly 14 points higher than the revised 114.4 index from April 2011, marking the 12th consecutive month that pending sales were higher year-over-year. Pending home sales figures are often used as an indicator of the market’s future … (1 comments)
reocertifed: Bank Of America, Loan Modifications! Update, provided by REO Institute
- 05/18/12 03:43 AM
Take a look at an article today….. http://soc.li/uljOeLW This is your Short Sale Information provided by the REO Institute® Please take a minute to read this important information about Bank of America Short Sale update! This could be very helpful to your Real Estate clients/homeowners.
If you like this post, please like the REO Institute on facebook, activerain. THANKS, James … (1 comments)
reocertifed: Survey: High Share of Distressed Properties Keeps Prices Down
- 04/29/12 12:48 PM
By: Esther Cho Inventory is shrinking and traffic for homebuyers seems to be increasing, but according to the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey, home prices were down in March. One reason for this, according to the survey, which includes about 2,500 real estate agents, is the high number of distressed properties on the market.
Home prices for non-distressed properties in March dropped 5.7 percent from a year ago in March 2011. Prices for damaged REO properties also saw a 5.7 percent decline in prices, while move-in ready REO prices fell 2.5 percent during the same period. Short … (3 comments)
reocertifed: CoreLogic Records 4.7% Drop in Home Prices in 2011
- 02/03/12 08:39 AM
CoreLogic Records 4.7% Drop in Home Prices in 2011 02/02/2012 By: Carrie Bay Year-end data from CoreLogic shows home prices fell by 4.7 percent over 2011. It marks the fifth consecutive year the company has recorded an annual decline in residential property values CoreLogic performed a separate calculation, which illustrates just how big an impact distressed sales are having on home prices. The company excluded all short sale and REO transactions from 2011 and found that when the distress factor is taken out, prices declined by just 0.9 percent. Commenting on the company’s latest results, Mark Fleming, CoreLogic’s chief … (0 comments)
Despite indications of economic recovery – such as job growth and some stabilization in home values – pending home sales dropped for the third consecutive month in September, according to the National Association of Realtors (NAR). Nationally, pending sales of existing homes – including REOs and short sales – dropped 4.6 percent for the month, falling from an index level of 88.6 in August to 84.5 in September. NAR’s pending home sales index is a forward-looking indicator that reflects contract signings but not closings. “It is a very strange situation, … (1 comments)
California Promising Despite Drop in Sales: C.A.R.
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