Foreclosures lowest in more than five years

September 28, 2013 5:12 pm0 comments
Foreclosures lowest in more than five years

  Foreclosures are at their lowest level since early 2008 as the performance of first-lien mortgages steadily improves, according to a report released Thursday by the Office of the Comptroller of the Currency. The number of mortgages in the foreclosure process dropped to 744,369 in the second quarter, according to […]

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Pending home sales dip

5:11 pm0 comments
Pending home sales dip

Pending home sales declined in August as high interest rates, rising prices and restrictive mortgage credit squeezed the market, according to a study released Thursday. According to the National Association of Realtors’ Pending Home Sales Index, pending sales dropped 1.6% in August to 107.7 from a downwardly revised 109.4 in […]

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Realtor.com Report Shows Market Shift to Demand from Supply

September 13, 2013 2:12 pm0 comments
Realtor.com Report Shows Market Shift to Demand from Supply

There is starting to be a shift in the dynamics of the housing market, which will mean future increases in home values will be driven by market demand rather than the shortage of homes for sale, according to Realtor.com’s August National Housing Trend Report. “Where we have seen significant volatility […]

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B of A, JPM Say They Have Completed Mortgage Settlement

August 25, 2013 1:12 am0 comments
B of A, JPM Say They Have Completed Mortgage Settlement

Bank of America and JPMorgan Chase said that they have fulfilled the requirements of the $25 billion national mortgage settlement. The top five servicers claim to have provided more than twice the relief mandated in the settlement, though some have not yet met all the requirements and the settlement monitor […]

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House prices continue to rise

August 23, 2013 12:08 pm0 comments
House prices continue to rise

  National housing prices continued their upward trajectory in the second quarter, rising 2.1% from Q1, according to a report by the Federal Housing Finance Agency. “The housing market experienced one of its strongest quarters since the boom in the middle of the last decade,” in Q2, said FHFA Principal […]

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Greater Louisville area home sales up nearly 20 percent this year

August 21, 2013 1:29 am0 comments
Greater Louisville area home sales up nearly 20 percent this year

  July sales increase 35 percent over July 2012 LOUISVILLE, Ky. (Aug. 20, 2013) — Members of the Greater Louisville Association of Realtors reported strong summer sales data for July, with the average and median year-to-date prices exceeding the previous highs set in 2007. July prices were about 3 percent higher than one […]

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