Zombie foreclosures rise despite existing moratorium



Research shows that so-called “zombie foreclosures” are emerging in much bigger numbers again as distressed homeowners abandon their properties in the belief that they will soon be repossessed. Around 1.4 million residential homes in the U.S. stood vacant in the second quarter, amounting to 1.4% of all homes, ATTOM Data Solutions said in a new […]

More than half of all existing homes sold above asking price in May



Redfin survey finds that 51% of homes sold above their list price in May

Foreclosure activity to resume in July, some banks say



Some of America’s biggest banks have said they’ll start resuming foreclosures on delinquent mortgages this summer when COVID-19 forbearance programs expire. The Mortgage Bankers Association says over 2.1 million American homeowners are still in forbearance plans that suspend their mortgage payments and protect them from eviction. Meanwhile, around 1.8 million more are not in forbearance […]

How forgiving are your neighbors?



Everyone knows that it’s good to have neighborly neighbors keeping watch out for thieves and other signs of danger in the neighborhood, but sometimes they can take things just a bit too far. For example, if you see someone speeding in the neighborhood or failing to clean up after their dog has done its business, […]

Builders have started auctioning new homes to the highest bidder



Home builders are fending off so many interested buyers that they have had to stop signing new sales contracts in order to focus on catching up with existing orders. That’s according to a report in Bloomberg this week, which said that builders have been overwhelmed as buyers turn to the new home market to make […]

Some buyers are seeking more resilient homes



Interest in off-grid homes is growing among buyers who are wary of blackout events such as the incident in Texas in February that followed a severe winter storm. The growing interest in self-powered homes has led some developers to go beyond energy saving features like solar panels, building even more protections into their properties. “Houses […]

Fannie Mae says low inventory will slow the pace of home sales this year



Fannie Mae says home sales will slow at a faster pace than first expected due to low inventories

Frustrations grow for buyers in small-town America



Home buyers in small-town markets are being frustrated as well-funded investors beat them to the post, snapping up more and more of the few properties listed for sale there. The Wall Street Journal relates the frustration of Dominic Pollock from Bethlehem, Pa., who said he and his fiance have so far viewed more than 50 […]

Home prices in ‘opportunity zones’ are growing fast



So-called opportunity zones created under former U.S. President Donald Trump are seeing housing prices increase as they reap the rewards of the wider real estate market boom. During the first quarter, median home prices saw annual gains in 75% of the opportunity zones for which sufficient data is available, according to ATTOM Data Solutions. Two-thirds […]