October 04, 2013 By mortgage
October 03, 2013 By mortgage
October 02, 2013 By mortgage
October 01, 2013 By mortgage
September 30, 2013 By mortgage
In 20 big cities home prices declined 4.5 percent in May from a year ago, representing a sustained regression in the already beaten housing market.
The S&P/Case-Shiller report found falls in both its 20-city composite and its 10-city index, which dropped 3.6 percent year-over-year.
There have seen impressive gains within the home remodeling activity index in the course of the first five months of the current year. The month of May has continued that tendency with a record setting month.
Activity in home remodeling rose 22 percent in May compared to the same period last year, marking the 19th month in a row of profits and rising to the record point since 2004 when the company BuildFax started tracking the statistics.
It is a beating that’s difficult to take – a financial loss on your own home. Just only several years ago you couldn’t go any where in public without over hearing how hot the real estate market was. People were purchasing and selling housing properties as much as they could pay for or were permitted to. Then the music stopped.
Residential home ownership, long a central column of the American dream, seems gradually more unachievable for a rising numbers of households.
Yet long-standing points of view die hard, and 90 percent of Americans still regard home ownership as “an important part of the American dream.”
The first stage proprietors face in the foreclosure procedure is surge in mortgage defaults happened in June showing off a growth in future predicted foreclosures increasing at the fastest rate in over a year.
The surge in mortgage defaults illustrates the predicted growth in foreclosure possesses may be just months off since the housing real estate meets prolonged economic instability.
If all went to pot the mainstream of American citizens would squat in vacant houses instead of going homeless. That was the conclusion of the recent opinion ballot.
The online study established that 55 percent of all respondents would become a tenant in a vacant home legally or illegally if they had to do so. The balance or 45 percent said they would not squat in a vacant housing unit.