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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Report shows a still struggling market

Posted: 10/23/2012

The newly released Election 2012 Housing Health Check by RealtyTrac shows that 65 percent of the nation's housing markets are still worse off now than they were four years ago. The results were based off of five key points including average home {...}

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Values won't break even until 2026

Posted: 10/09/2012

Analytics firm Fiserv estimates that California will not see home prices back to their peak until after the year 2026. When the housing bubble burst, California home prices fell almost 46% between the years 2007 and 2012. California is among four of the worst hit states caught up in the speculative housing price boom between 2002 and {...}

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Home Prices Rise as Short Sales Increase

Posted: 9/11/2012

Revised data provided by the California Association of Realtors shows a shift in the housing market as foreclosures drop and short sales rise. Home prices during the first half of 2012 showed the strongest gains in six years, a clear sign that the US housing market has hit or is very near the bottom. The housing market remains far from {...}

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