By Jim Woodard
Published: August 9,2012
Most economists and homeowners believe strategic defaults are a bad idea, revealed a new survey. A strategic default occurs when a homeowner permits his mortgage to default, possibly leading to foreclosure, even though he or she can afford to make the payments.
By Jim Woodard
Published: August 2,2012
It’s not just head-of-households who suffer from today’s home foreclosures. Children in those families also suffer. One recent study shows they suffer even more than the adults.
By Jim Woodard
Published: July 23,2012
A successful mortgage modification doesn't necessarily mean the homeowner's problems are over. In fact, most of those borrowers will become delinquent again within 18 months, a recent study revealed.
By Jim Woodard
Published: July 16,2012
Home prices rose 1.8 percent in May compared with the previous month, according to a report from CoreLogic. This is the third consecutive monthly increase this spring.
By Jim Woodard
Published: July 12,2012
Limited supplies of housing inventory held back existing-home sales in May, but sales still maintained a strong lead over last year's levels and home prices are now on a sustained uptrend in all regions, according to the National Association of Realtors.
By Jim Woodard
Published: July 5,2012
The brightest star in today's real estate market is rentals. And further growth in this market segment is expected in coming months.
By Jim Woodard
Published: June 28,2012
Home prices are again rising in most markets. That may stem, in part, from the large number of homeowners experiencing negative equities with their home mortgage. That was the conclusion drawn by CoreLogic researchers after recently completing a study.
By Jim Woodard
Published: June 18,2012
It's very predictable. When costs go up for acquiring a mortgage loan, a larger proportion of prospective borrowers are locked out of the system. They simply can't afford or qualify for the added costs.
By Jim Woodard
Published: June 14,2012
Rental households now comprise 34 percent of the housing stock and are growing at the incredible rate of 1.6 million per year, while owned households are actually declining in number.
By Jim Woodard
Published: June 7,2012
As we move into June and, unofficially, the summer season, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances – $417,500 or less – decreased to 3.91 percent.
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