Signs of stability for housing market

The housing market may be stabilizing as house prices and REO saturation rates show little change on a quarterly and yearly basis, according to Clear Capital’s most recent Home Data Index. Nationally, prices rose just 0.3 percent while REO saturation rate was relatively unchanged at 24.6 percent over the most recent quarter, according to Clear …

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August Pending Sales Decline After Spurt in Existing Sales

The National Association of Realtors’ (NAR) Pending Home Sales Index for August was 88.6, which is on par with last year’s pending home sales average for the year, according to NAR’s chief economist, Lawrence Yun. Yun says the index has been moving within a narrow range for the past several months. “There are improving factors, …

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Slowing Improvement in Mortgage Delinquencies

TransUnion has released its findings and analysis on mortgage delinquency for the fourth quarter of 2010, which found that the national mortgage loan delinquency rate dropped to 6.41 percent. This statistic, which is traditionally seen as a precursor to foreclosure, reflects a decrease of 0.47 percent from the company’s third quarter reading of 6.44 percent. …

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Reports Show Improvements in Commercial Property Sector

Reports by New York-based firms Moody’s and Real Capital Analytics show positive trends in the commercial property sector that experts are attributing to improved credit conditions. Commercial real estate prices and transactions are both improving, the reports show. Moody’s reported a 4.3 percent increase in commercial real estate prices during September, marking the first increase …

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