The U.S. negative equity rate is dropping, but more than 4 million U.S. homeowners owed the bank at least 20 percent more than their homes were worth, according to the first quarter Zillow Negative Equity Report. That means those homes would have to appreciate at least 20 percent for their owners to have any chance of breaking even on a sale. Home values are forecast to … [Read more...] about More than half of underwater homeowners are nowhere near re-surfacing
foreclosure
National foreclosure inventory down
CoreLogic, a leading global property information, analytics and data-enabled services provider, today released its April 2015 National Foreclosure Report which shows that the foreclosure inventory declined by 24.9 percent and completed foreclosures declined by 19.8 percent from April 2014. There were 40,000 completed foreclosures nationwide in April 2015, down from 50,000 in … [Read more...] about National foreclosure inventory down