Economists have pointed to four positive indicators that need to be fulfilled if we’re to say that the housing market has reached a full recovery.
As it should be, Memphis is a pilgrimage for many people from all around the world. They come to visit the birthplace of the blues, soul, and rock-n-roll music. W.C. Handy wrote the first blues music on historic Beale Street. Elvis Presley, Jerry Lee Lewis, Roy Orbison, and Johnny Cash all recorded at Sun Records, […]
Since the government introduced its Home Affordable Modification Program (HAMP) approximately 1.25 million homeowners have had their loans modified, but worryingly since then 27% have gone on to re-default on these loans. These figures have come from a quarterly report to Congress and were compiled by the Office of the Special Inspector General for the […]
According to Corelogic data from earlier this year, the Memphis foreclosure rate is 1.48% of the total homeownership market. At the same time, the national average stood at 2.30%. Although the numbers are small, they show the Memphis foreclosure rate is 35.7% lower than the national average. Why the Memphis Foreclosure Rate is Lower Affordability […]
Real estate trends for the Oklahoma City area have trended upwards along with the rest of the nation in recent months. RealtyTrac, Inc., a California provider of real estate data, indicates foreclosures proceedings that have been started have dropped significantly, over 33 percent, from April to May 2013.
The housing market in the Atlanta area this past May has over 5,500 properties that are in default, auction, bank owned status, or some state of foreclosure, according to RealtyTrac, Inc., a California-based online data tracking service. The number of homes for sale on RealtyTrac is 4,181, with foreclosures increasing 2 percent in May over last month’s figures. The numbers indicate, however, a steep decline from the same time last year, of 53 percent versus May 2012.
Foreclosures in the Chicago area this past May are showing a decrease in momentum, according to RealtyTrac, Inc., a California-based online data tracking service. 7,582 homes had a foreclosure or short sale related filing in May, dropping over 20 percent from the previous month of April and 49.7 percent from 2012 at the same time period.
The uncertainty that existed in Dallas’ 2009 real estate market is finally starting to disappear. More and more sellers and buyers have regained their confidence, and are ready to enter the market again. Home values are reaching and surpassing pre-2007 figures, and market appears to growing steadily. Overall, the market tells us that now is a great time to buy.