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CoreLogic reports that out of 1,353,647 mortgages in Maryland, 335,285 or 24.8% were negative equity mortgages or underwater in the first quarter of 2012. This data is an improvement from the 365,000 in the 4th quarter of 2011. In the first quarter of 2012, therefore, one in four borrowers in Maryland owed more on their …
Fewer Underwater Homeowners in Maryland in Q1 2012 – CoreLogic Reports Read More »
While some analysts say that the collapsed in home-price bubble could result to turning would-be first-time homeowners into permanent renters, other economists and real estate experts say that would-be home buyers have not given up on real estate as an investment. A recent study of John Burns Real Estate Consulting forecasts that the homeownership rate …
First-Time Home Buyers Decreased by 20% Since 2009 – Study Says Read More »
U.S. mortgage servicers and lenders are notifying more delinquent homeowners that they are facing foreclosure, this according to RealtyTrac’s Midyear 2012 Foreclosure Market Report. RealtyTrac reported that foreclosure process has been started in the second quarter of this year in 311,010 U.S. housing units. According to RealtyTrac, this is a 9% rise from the preceding …
New Foreclosures Rise to 9% in 2nd Quarter of 2012 – RealtyTrac Reports Read More »
Results from Fannie Mae’s June 2012 National Housing Survey show that housing market confidence among Americans continues to trend in a positive direction. The positive outlook of Americans towards the housing market, according to Fannie Mae’s latest survey, was buoyed by historically low level of interest rates and low home prices. Doug Duncan, senior vice …
Housing Market Confidence among Americans Continues to Rise – Fannie Mae Survey Says Read More »
Freddie Mac announced that in 10 of the last 11 weeks, the average 30-year fixed mortgage rate has matched or smashed a new record low. As of July 5, Freddie Mac’s Primary Mortgage Market Survey reveals that the average 30-year fixed mortgage rate has hit 3.62%, down from last week’s average rate of 3.66%. A …