Real estate auctions, once used for foreclosures and distressed sellers, is moving upmarket. The number of multi-million-dollar homes being sold at auction has nearly doubled in the past year, according…
Category: Housing Market
Home Mortgage Delinquencies Remain Very Low
The newly released National Delinquency Survey by the Mortgage Bankers Association’s (MBA) showed that that delinquent mortgage payments were down by 41 basis points compared to a year ago. The delinquency rate…
The "Stork" Often Delivers More than a Baby
An expanding family often leads to needing more space, but it also means more expenses. That is why there is a growing trend for growing families to seek housing in…
Consumers' House Buying Power Under Pressure
According to the Real House Price Index released by First American Financial, consumers are still in a strong position to purchase a home but are getting squeezed on just how much home…
Household Home Equity nears $15 Trillion (sorry renters you missed out)
According to TransUnion, household home equity is currently nearing $15 trillion and has surpassed its prior housing bubble peak in the first quarter of 2006 by more than $1 trillion.…
Homeowners Would Rather Upgrade
Homeowners love their homes, and they would rather upgrade than leave their love nest and purchase a different home. Given a choice between spending a fixed amount of money on…