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
Was this useful? Share or leave a comment below!
About Daniel Di Matteo
THE REAL ESTATE BUSINESS HAS LESS TO DO ABOUT SELLING PROPERTIES AND EVERYTHING TO DO ABOUT HELPING PEOPLE.
