Housing Recovery Threatened

Posted: 10/03/2013

The government shutdown has begun influencing the mortgage market, which in turn is threatening the fragile housing market recovery. Although initially it was believed that the housing market would not be adversely affected by the government {...}

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29 percent of homes still underwater

Posted: 9/10/2013

While the US housing market continues with a slow, mending recovery, new reports from Zillow estimate that 12 million US homeowners still owe more on their mortgage than what their home is worth. Those 12 million US homeowners represent almost 30% of all Americans who hold a mortgage, and will likely still be underwater for years to {...}

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Market expects cooling after hot Spring

Posted: 7/23/2013

Recent data from the California Association of Realtors shows that during the Spring months, housing values and sales jumped by double digits. This is the first time in six years that the housing market is expected to have made gains during the fiscal year. The market gains started in April with home prices jumping nationwide by 12% {...}

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Almost half of modifications failing

Posted: 5/30/2013

Even with help from the government's Home Affordable Modification Program (HAMP), financially strapped homeowners may want to consider short selling their home rather than getting loan modification assistance. According to a new report from {...}

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Foreclosure starts on the rise

Posted: 5/13/2013

A new report from research firm RealtyTrac shows that California was one of 22 states to report an increase in foreclosure starts last month. Foreclosure starts, or the number of homes entering the first stages of the foreclosure process, are {...}

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Boomerang Buyers make a comeback

Posted: 4/08/2013

As the US housing market continues to stabilize, former homeowners who short sold their underwater homes are beginning to buy again. Their time out of the market is shorter than what many Americans might expect. Being referred to as "Boomerang Buyers", 70 percent people who were foreclosed upon or who short sold their home are expected {...}

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Effects of budget cuts on housing market

Posted: 3/04/2013

The US Congress failed to create a deficit reducing budget by the deadline of last Friday, which has caused automatic spending cuts to go into effect. The spending cuts, also known as Sequestration, will have a dramatic impact across all financial sectors {...}

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Shift from foreclosures to short sales

Posted: 2/11/2013

Foreclosures in California have dropped to the lowest levels seen since 2006 according to the newest data from real-estate tracking firm DataQuick. While this does not mean the real-estate market is healthy again, it indicates that the market may {...}

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Debt relief bill extended to help home owners

Posted: 1/07/2013

Underwater homeowners can breathe a sigh of relief with last week's financial cliff deal as the popular tax break on mortgage forgiveness was extended. The Mortgage Debt Relief Act, initially created in 2007 and set to expire December 31, 2012, {...}

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Settlement aid going to short sales

Posted: 11/19/2012

GavelThe landmark mortgage settlement that is giving billions of dollars towards helping distressed homeowners in California has mostly gone to helping those who wish to perform short sales. Under the settlement, which occurred in February, the {...}

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