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Mark Fleming, Ph.D., Chief Economist for CoreLogic, in a presentation yesterday, said the housing market is not out of the woods yet as the potential of a double-dip in our economy increases and as 30 to 40 percent of economists feel there is a chance of another recession. The economy’s “stall speed” was another issue Continue reading… Housing market not out of the woods yet A report released today by CoreLogic shows that 22.5 percent (10.9 million) of all homeowners in the U.S. with a mortgage were in a negative equity position in the second quarter of 2011, down slightly from 22.7 percent the prior quarter. Negative equity is also referred to as being “underwater” or “upside down” and Continue reading… Homeowners in negative equity position declines in 2nd quarter; majority have above market interest rates A report released today by CoreLogic shows that 22.7 percent (10.9 million) of all US homeowners with a mortgage were in a negative equity position in the first quarter of 2011, down slightly from 23.1 percent (11.1 million) the prior quarter. Negative equity is also referred to as being “underwater” or “upside down” and Continue reading… Homeowners with negative-equity declined slightly in first quarter 2011 Negative equity is the dominant factor driving the real estate market according to CoreLogic in it’s “U.S. Housing and Market Trends” report that was released today. According to the report, as of the 4th quarter of 2010, over 11 million (23 percent) of U.S. homeowners with a mortgage were in a negative equity position, Continue reading… Report Shows Little Improvement in Underwater Homeowners Two reports were released today showing that home prices in the U.S. continue to fall. Fiserv Case-Shiller Home price Insights - This report shows that for the 4th quarter of 2010, U.S. home prices had fallen 4.1 percent from the 4th quarter of 2009 and have fallen 23.6 percent from the 4th quarter of 2007 to 4th Continue reading… Home Prices Still Falling; Percentage of Homeowners with Negative Equity Hits New High A report released this morning by CoreLogic shows negative equity declined in third quarter of 2010 for residential properties, marking the third-consecutive quarterly decline. The CoreLogic reports that 10.8 million, or 22.5 percent, of all residential properties with mortgages were in negative equity at the end of the third quarter of 2010, down Continue reading… Homeowner Negative Equity Declines for Third Straight Quarter
Dennis Norman After a couple of days of writing about bad reports on the housing market (existing home sales and new home sales to name two) I’m excited that I actually get to write something today that is positive! According to newly released data from CoreLogic, the percentage of homeowners in the U.S. with Continue reading… Homeowners with negative equity declines for second consecutive quarter Dennis Norman By: Dennis Norman According to a report issued by First American CoreLogic more than 15.2 million U.S. mortgages, or 32.2 percent of all mortgaged properties, are in a negative equity position. Continue reading… Nearly one-third of all mortgages underwater |
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