Fourth Straight Monthly Decline in Home Sales

CoreLogic released its November Home Price Index (HPI) Monday, which shows prices nationally fell 1.4 percent month-over-month and 4.3 percent year-over-year. November marks the fourth consecutive month CoreLogic’s index has returned negative results, with much of the depreciation coming from distressed sales such as REO and short sale transactions. When you exclude these distressed deals …

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Housing market strengthening slowly

The year 2011 is ending on a high note as economists anticipate some signs of recovery ahead. Prices appear to be reaching their trough, visible supply is on the decline, and banks are beginning – just slightly – to loosen lending standards, according to a fourth-quarter report from Capital Economics. However, Capital Economics warns these …

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Short Sale Delays Drive First-Time Buyers From Market: Survey

Processing delays have taken their toll on first-time homebuyer interest in short sales, according to the latest HousingPulse Tracking Survey released by Campbell Surveys and Inside Mortgage Finance Monday. First-time homebuyers were a part of 39.7 percent of the short sale transactions completed in August, the HousingPulse survey found. That tally marks a three-month slide …

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Distressed Home Sales Statistics

Share of Distressed Sales to Total Sales (Single-family) Distressed Housing Market Data: • The total share of all distressed property types sold statewide fell to 44.5 percent in July, down from June’s 46.9 percent. The share of distressed sales also was down from a year prior, when distressed sales totaled 47.7 percent of all home sales. • Of the …

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