2016 Housing Market Forecast

Posted: 10/28/2015

Following a two-day policy meeting, the U.S. Federal Reserve has kept interest rates unchanged. The results stem from a recent slowdown in job growth and a softening of global markets. Most policymakers have said they expected to raise rates in 2015, but rate changes might be pushed into early 2016. This change would affect mortgage {...}

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How will market turbulence affect housing market?

Posted: 9/08/2015

When the housing bubble burst almost eight years ago, the stock market nearly collapsed. Over the past two weeks, turmoil from the Chinese and broader markets sparked concerns that the reverse would happen; a market drop would cause the current housing recovery to come crashing down. Though some of the unease has already prompted some {...}

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Reset risks worse than expected

Posted: 7/28/2015

According to the newest data provided by RealtyTrac, home prices have not recovered enough to protect people who obtained home equity lines of credit or loan modifications between 2005 and 2008. Those people who received these HELOCs or modifications may not know that they will soon have a loan reset, which means their interest rates {...}

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Not out of the woods

Posted: 6/24/2015

It has been ten years since U.S. housing market saw its historic peak home values, which crashed soon thereafter during what is known as the Great Recession. Currently, while many coastal areas have seen a general housing market recovery, more than 15 percent of homeowners still owe more on their mortgage than what their property is {...}

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Banks still too big to fail

Posted: 5/13/2015

Even as we have started to recover from the worst financial crisis since the Great Depression, many banks are still considered to be too big to fail. During the heart of the crisis, protesters nationwide chanted "Banks got bailed out, we got sold out." At that time there was hope that changes in lending would ensure a more stable and {...}

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Short sales hit three year high

Posted: 4/08/2015

The percentage of short sales and foreclosures jumped up 2.2 percent in the first quarter of 2015, which is the largest increase seen since 2012. The new home distressed data, released by Clear Capital, shows that many areas are still struggling to recover from the losses seen during the real estate market crash. The rise in distressed {...}

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Loan modifications gone bad

Posted: 2/27/2015

A recent report from the Treasury Department indicates that more than 30% of borrowers who receive a HAMP loan modification will end up re-defaulting. The report also found that the longer a borrower remains in the loan modification program, the more likely they are to re-default. Homeowners who entered a loan modification in 2009 had {...}

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New short sale incentives for 2015

Posted: 1/16/2015

In February 2009, the Obama Administration introduced programs aimed to help homeowners who were struggling with underwater mortgages. Part of that initiative included the Home Affordable Foreclosure Alternatives (HAFA) program, which has been used to help homeowners avoid foreclosure and receive relocation assistance when performing a {...}

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Home sales slump after good summer

Posted: 1/02/2015

Home sales in Southen California have sunk to their lowest November levels seen in the past seven years, according to the most recent data released by CoreLogic. Signs of the market cool-off have emerged as median home prices have stayed relatively the same during the fall and winter months. "Inventory still lags demand in many markets {...}

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Equity loan defaults estimated to rise

Posted: 10/10/2014

Many homeowners who purchased their property or took out a home equity line between 2004 and 2008 may be in for a shocking surprise. Those who received loans with interest only payments {...}

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