underwater mortgages
underwater mortgages Articles
Research firm CoreLogic Inc. (NYSE: CLGX) reported today that both the number and total value of residential properties with negative equity declined in the fourth quarter of the 2012. As a...
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ThinkstockThe number of people with underwater mortgages has begun to contract quickly, in what is likely to be a sign that real estate values have risen, or that people have paid down their home...
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The housing market is projected to improve in the coming years — albeit slowly. While we are a long way to full recovery, the signs are there. Indeed, according to a CoreLogic report released this...
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Wikimedia, public domainResearch firm CoreLogic (NYSE: CLGX) reported today that both the number and total value of residential properties with negative equity declined in the first quarter of the...
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There are a handful of theories about what will signal a bottom of the housing market. Perhaps an increase in prices or a drop in the supply of homes or the days that the average home for sale stays...
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The number of underwater mortgages in the U.S. increased again in the third quarter. That makes sense because by most measures home values have fallen throughout the period. It also confirms that...
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It has been only 24 hours since the Commerce Department said new home sales and permits reached multi-month highs. The elation over that ended suddenly as the National Association of Realtors...
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One theory of economics says that any market can return to a point where it has been in the past. The Great Recession was, by some measures as bad as the Great Depression. Unemployment was 3.6% in...
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Americans still believe homes are still a good long-term investment. Unfortunately for the real estate sector, 30% of the same people think home prices will continue to drop compared with 28% who...
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Just over 11 million homes had underwater mortgages at the end of the final quarter of 2010. The precise figure is 11.1 million, which represents 23.1% of all properties with a mortgage. The value of...
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Underwater mortgages are a serious problem affecting the economy, but much of the conventional wisdom about the issue makes no sense. For instance, no one is quite sure how many mortgages are...
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Fewer homes had underwater mortgages in the third quarter. The trend means little if anything to current homeowners and potential buyers. “CoreLogic reports that 10.8 million, or 22.5 percent, of...
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The problem is fairly simple. About 11 million home mortgages in the US are underwater. These homeowners owe more for their homes than their homes are worth. That has had several effects. The first...
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