CoreLogic, a leading global property information, analytics and data-enabled services provider, today released its February 2015 National Foreclosure Report which shows that the foreclosure inventory declined by 27.3 percent and completed foreclosures declined by 15.7 percent from February 2014. According to CoreLogic data, there were 39,000 completed foreclosures nationwide in … [Read more...] about National foreclosure inventory down
Low housing supply squeezes affordability
Rental affordability is as bad as it's ever been across the U.S., in part because there are not enough new, affordable units to meet demand. The least affordable housing markets are those where new housing permits have not kept up with population growth, according to a Zillow analysis of U.S. rental and mortgage affordability. Zillow determined affordability by analyzing … [Read more...] about Low housing supply squeezes affordability
Vacation home sales soar, investment purchases fall
Vacation home sales boomed in 2014 to above their most recent peak level in 2006, while investment purchases fell for the fourth straight year, according to an annual survey of residential homebuyers released today by the National Association of Realtors. NAR’s 2015 Investment and Vacation Home Buyers Survey,* covering existing- and new-home transactions in 2014, shows … [Read more...] about Vacation home sales soar, investment purchases fall
Existing home sales slightly improve in February
Existing-home sales increased modestly in February, but constrained inventory levels pushed price growth to its fastest pace in a year, according to the National Association of Realtors. Total existing-home sales[1], which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 1.2 percent to a seasonally adjusted annual rate of … [Read more...] about Existing home sales slightly improve in February
Accelerating Housing Costs Have Renters Feeling the Squeeze
The gap between rental costs and household income is widening to unsustainable levels in many parts of the country, and the situation could worsen unless new home construction meaningfully rises, according to new research by the National Association of Realtors. NAR reviewed data on income growth, housing costs and changes in the share of renter and owner-occupied households … [Read more...] about Accelerating Housing Costs Have Renters Feeling the Squeeze