Home affordability returned to pre-bubble levels in a growing number of U.S. markets over the past year as price declines laid the groundwork for a housing recovery. Home values in the United States posted their largest quarterly decline since the first quarter of 2009, falling 2.6 percent as the temporary stimulus of the home buyer …
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Residential property values fell 0.2 percent at the national level during the third quarter of this year, according to Integrated Asset Services (IAS). In front of a seasonal slow-down in home sales, IAS says the data foreshadow “particularly difficult times ahead” for the country’s housing markets and for the U.S. economy overall. The IAS360 House …
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The New York state court system has instituted a new filing requirement in residential foreclosure cases that officials say will “protect the integrity of the foreclosure process and prevent wrongful foreclosures.” Lenders’ counsel are now required to file an affirmation with the court certifying that they have reviewed and verified the accuracy of documents filed …
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