Strong housing market helps reduce lingering foreclosure inventory

Ever since the end of 2010, there has been steadily rising demand in the phoenix housing market. There have even been cases of bidding wars in several high-demand neighborhoods in the metro area. This helps to reduce inventory in general, and foreclosure inventories in particular. All of which helps sustain, and even boost, home prices in the area.

"Lenders have been taking advantage of the strong seller’s market to dispose of lingering foreclosure inventory over the past year, evidenced by 12 consecutive months of increasing bank repossessions ending in February and now evidenced by these numbers showing a sharp drop in vacant zombie foreclosures compared to a year ago," RealtyTrac senior.

Freddie Mac: Servicers Need to Diversify Foreclosure, Bankruptcy Referrals Home prices maintain upward trajectory While those three counties stood out, they weren’t the only ones where values continued their upward march. Single-family, resale homes sold for a median price of $750,000 in Alameda County – up.When they do, mortgage lenders need to be. Fannie Mae, Freddie Mac, FHA and VA loans, lenders can diversify their product offerings with non-agency loans. Originators only offering agency products.

strong housing market Helps Reduce Lingering Foreclosure Inventory May 19th, 2016 by lisasheppard Strong home buyer demand is responsible for the drop in foreclosure inventory over the last 12 months.

HUD-code manufactured housing (MH) is home to 45 percent of the county’s year-round households, making the county number five in Florida on this measure. Most MH are owner-occupied. In the current strong housing market, real estate manufactured homes with land are appreciating at.

By many measures, the US housing market has recovered sub-stantially from the crash. According to CoreLogic estimates, nominal home prices were back within 6 percent of their previ-ous peak in early 2016, although still down nearly 20 percent in real terms. The uptick in nominal prices helped to reduce the

For far too long, vacant and abandoned foreclosed homes have been a serious problem for citizens and public officials in New York. According to a recent study,[1] vacant foreclosed homes number over 3,000 in the state of New York, trailing only New Jersey. One need not venture inside a property to see that it is Read More

Rental demand to grow by 6.6 million through 2016 6.6 million tonnes * 6 Plastics: jobs, growth and competitiveness. 7. 62% was recove red through recycling and energy recovery processes while 38% still went to landfill.. 2016 Date of landfill ban in force 2016 2006 source: consultic 2016. 23 14 12 10 8 6 4 2 0

Southern California’s construction sector continues to gain. Development Corp. “The housing market is definitely doing a lot better.” Over the past few years investor-buyers have been coming in and.

"Lenders have been taking advantage of the strong seller’s market to dispose of lingering foreclosure inventory." Bottom Line. In most housing markets, don’t wait for this additional competition to hit the market. If you are considering selling your house, now may be the time.

Easing lending standards bring back first-time buyers Five things you need to know about the new mortgage rules Trader-uppers will have to stump up 20% of the purchase price, but for first-time buyers it’s business as usual – as long as they’re.