Tag Archives: Distressed Market

US Home Builders Begin to See Credit Thaw

The U.S. home building industry is finally coming off its lowest volumes ever, albeit in fits and slow starts.  New single family home starts fell 6.5 percent in July from the previous month but are still up 17 percent from … Continue reading

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Huge Spike in Home Prices Is Not Real

The median price of an existing home that sold in April of this year was $177,400, an increase of just over ten percent from a year ago. That is the biggest price jump since January of 2006. The difference between … Continue reading

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Lack of Distressed Supply Pushes Home Sales Lower

Sales of existing homes continue to drop, and while tough credit and weak consumer confidence are certainly factors, lack of supply appears to be the latest culprit. Inventories of existing homes historically rise in the spring, as sellers look to … Continue reading

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January Residential Property Values Drop 0.6%

OXFORD, Miss., Mar 27, 2012 (GlobeNewswire via COMTEX) – FNC’s latest Residential Price Index(TM) (RPI), released Wednesday, indicates that U.S. residential property values declined in January, in spite of continued economic expansion and an improving job market in recent months. … Continue reading

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Are There Really Two Housing Markets?

As we head toward the end of the year, for some reason the drumbeat to claim that housing has bottomed is growing louder. There were a few positive indicators in September, rising housing starts and rising home sales, that gave … Continue reading

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The Housing Market is Shrinking

The foreclosure headlines today are that one third of all home sales in Q2 were of distressed properties (foreclosures and short sales), according to a new report from online foreclosure sale and data site RealtyTrac. The discount on those homes … Continue reading

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Who Will Buy the Foreclosures?

Not to sound like a broken record, but only when we work through the vast inventory and shadow inventory of foreclosed properties, can home prices bottom and housing recover overall. Obviously certain markets are more burdened by the distress than … Continue reading

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