The Breakeven Horizon analysis from Zillow found that homeowners can still break even on a home purchase in less than two years, even while many buyers who bought 10 years ago have not broken even. The analysis, which looks both forward – at how buyers can expect the market to perform – and backward – at how buyers fared at different points in the housing crisis and recovery … [Read more...] about A look back at real estate market shows that timing matters
real estate
Pending home sales maintain momentum in May
Pending home sales continued to rise in May and are now at their highest level in over nine years, according to the National Association of Realtors. Gains in the Northeast and West were offset by small decreases in the Midwest and South. The Pending Home Sales Index, a forward-looking indicator based on contract signings, climbed 0.9 percent to 112.6 in May from a slight … [Read more...] about Pending home sales maintain momentum in May
Existing-home sales bounce back strongly in May
Fueled partly by an increase in the share of sales to first-time buyers, existing-home sales increased in May to their highest pace in nearly six years, according to the National Association of Realtors. Led by the Northeast, all major regions experienced sales increases in May. Total existing-home sales, which are completed transactions that include single-family homes, … [Read more...] about Existing-home sales bounce back strongly in May
More than half of underwater homeowners are nowhere near re-surfacing
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
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