by Phyllis Rockower | Jul 22, 2013 | Foreclosure Updates
Mortgage delinquencies in May posted thelargest year-to-date drop seen since 2002, Lender Processing Services (LPS) said today. Delinquencies were down 15 percent from the end of December 2012 to a May rate of 6.08 percent. This was a drop of 2.11 percent from April....
by Phyllis Rockower | Jul 15, 2013 | Foreclosure Updates
RealtyTrac found. while the number of overall foreclosures fell by 35% in June from a year ago – to the lowest level since December 2006 – the number of so-called judicial foreclosures surged 34%. In California, we have a trust deed state. That means that foreclosure...
by Phyllis Rockower | Jul 5, 2013 | Real Estate News
Sales of Homes-priced greater than $500,000 increased to 11.6 percent in May. Inventory is more plentiful in these price tiers, construction is limited, and distressed sales are continuing to drop, This chart is...
by Phyllis Rockower | Jul 3, 2013 | Real Estate News
First time home buyers usually account for 40% of the real estate market but now its down to only 28%. Why is this? 1. student loans are a killer and really bump up their debt level so its hard to qualify. In addition there are a lot of defaults- which also ruin...
by Phyllis Rockower | Jul 1, 2013 | Real Estate News
There is a new program called REX Home buyer and its a kind of shared appreciation of real estate, Hedge funds, pension funds and the like are getting into...
by Phyllis Rockower | Jun 26, 2013 | Real Estate News
Zillow’s chief economist Stan Humphries wrote this morning: “Today’s Case-Shiller numbers may reflect where the housing market has been in some of the frothier metros, but they are not indicative of where it’s headed. The housing market worm has turned over the...
