Headlines in Real Estate for week ending November 16th 2012

Predictions: Home prices to rise 15% in 3 years, less foreclosures hitting the auction block, the hassles of appraisals and much more. Here are the real estate headlines you may have missed:

New short-sale program offers relief for underwater homeowners (via Los Angeles Times)
One of the federal government’s most-important financial relief efforts for underwater
homeowners started operating Nov. 1. Read Full Story

California sees increase in cancellation of foreclosure auctions (via Mercury News)
ForeclosureRadar said foreclosure cancellations jumped 60 percent in California from
September to October, the biggest jump since it began tracking cancellations in 2006. Read Full Story

Single-family rental demand is outstripping supply (via Wall Street Journal)
Demand for single-family rental housing is outstripping the available supply of homes, and some
housing markets that have been hit hardest by the foreclosure crisis have seen rental demand
jump by more than 25 percent in the past year, according to a report by CoreLogic. Read Full Story

Deals on foreclosed homes dwindling (via Los Angeles Times)
A new look at foreclosure discounts by Zillow found that the price difference between a
foreclosed house and one sold outside of foreclosure was 7.7 percent nationally in September. Read Full Story

NAR Economist: Home prices to rise 15 percent in three years (via Wall Street Journal)
NATIONAL ASSOCIATION OF REALTORS®’ Chief Economist Lawrence Yun foresees U.S.
home prices rising by 15 percent over the next three years, a boost for the beleaguered housing
market. Read Full Story

Appraisal can complicate selling, refinancing a home (via Los Angeles Times)
Unexpectedly low appraisals can happen for a number of reasons, especially when
foreclosures, short sales, and other distressed properties abound. Read Full Story

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About Daniel Di Matteo

Realtor at CENTURY 21 Award, Daniel was Voted U-T San Diego’s Best Real Estate Agent in 2014. A Husband, Father, and most recently, accomplished Blog writer, which explains your visit today.