Foreclosure activity in June was down 16 percent from a year prior, marking the lowest level since July 2006 — before the housing bubble burst — according to RealtyTrac's Midyear 2014 U.S. Foreclosure Market Report. The report showed a much-improved picture: Foreclosure filings, which include ... » Learn More about Decline in Foreclosures Reaches ‘Important Milestone’
Billionaire Thinks Home Ownership Still the Best Investment
John Paulson, a billionaire hedge fund manager, says that for those looking for the best investment possible, they need to look toward home ownership. At the Delivering Alpha conference, presented by CNBC and Institutional Investor, Paulson said: "I still think, from an individual perspective, the ... » Learn More about Billionaire Thinks Home Ownership Still the Best Investment
Chase Pulling Back From Making FHA Loans Because of Regulatory Risk and Costs
Chase is scaling back on making FHA, Freddie and Fannie loans because the regulatory costs, conflicts between regulating agencies, and the cost to foreclose makes it economically unrealistic to deal with them, and will be concentrating on only super prime loans. They may be the first major bank to ... » Learn More about Chase Pulling Back From Making FHA Loans Because of Regulatory Risk and Costs
San Fernando Valley Housing Inventory Up, Sales Down
San Fernando Valley active inventory is higher than at any point in the past two years, and the sales volume is below the last two years. Even though property values are still appreciating, it is at a much lower level than we've seen over the past 3 years. The supply and demand ratio conveys that ... » Learn More about San Fernando Valley Housing Inventory Up, Sales Down
Study: Multifamily in for Long-Term Shortage
By 2023, there could be up to 4.7 million more renter households due to demographic forces, according to Harvard University's report, The State of the Nation's Housing 2014. But the supply of multifamily rental housing will likely be far less than demand, writes David Brickman, Freddie Mac's ... » Learn More about Study: Multifamily in for Long-Term Shortage