Sharga: Several more years with nearly 1M foreclosures per year The housing market faces several more years with 800,000 to 1 million new foreclosed properties per year, according to Rick Sharga, an executive vice president with Carrington Mortgage Services. Sharga recently left RealtyTrac, where he helped build a network that tracked foreclosure filings across the country.
The 10-City Composite annual increase came in at 3.2%, down from 3.7% in the previous month. The 20-City Composite posted a 3.6% year-over-year gain, down from 4.1% in the previous month. Las Vegas, Phoenix and Minneapolis reported the highest year-over-year gains among the 20 cities.
· The 20-city composite showed a 2.2 percent gain from May to June and a 12.1-percent gain over last year with monthly and annual gains in all 20 cities that are part of the composite.
Seattle-area home prices slipped in December for the third month in a row but ended 2013 with the strongest annual appreciation since 2005, according to the S&P/Case-Shiller 20-city index released.
Charlotte and Miami were the only two with larger gains from September to October than from August September while New York remained flat. All 20 cities had. continued to post annual gains over 20.
Compared to July’s indices, annual growth accelerated in 14 of the tracked cities. All 20 cities experienced price growth compared to last year, and 13 reported double-digit gains, with Las Vegas leading at 29.2 percent-its fastest rate of growth since March 2005.
Home prices increased in all top 20 U.S. cities, with the highest annual gains seen in Seattle, Las Vegas and San Francisco, S&P/Case-Shiller: All 20 cities post annual gains.
Double Take: JPMorgan Quietly Raising $6 Billion Troika Dialog estimates Transneft could start throwing off meaningful free cash flow this year, rising to $6 billion in 2013 and $7 billion in 2014. Denis Borisov at Nomos Bank expects dividend yields.
The S&P/Case-Shiller Home Price Indices rose once again in August at their fastest annual rate in more than six and a half years, but the monthly pace continues to slow. The Case-Shiller 10- and 20-city composites each posted yearly growth of 12.8 percent over August 2012, breaking July records and setting the fastest pace for growth since February 2006.
Here are the states with the priciest homes for sale Photo: Courtesy of Douglas Elliman Real Estate. New Jersey. A 12-bedroom, 19-bath, 30,000-square sprouted up in 2011 on the former property of Henry Clay Frick II, grandson of the industrialist of the same name. It has remained at or near the top of the list as New Jersey’s most expensive homes since its completion.MetLife exits forward mortgage business Number of underwater homeowners grows: CoreLogic · Negative equity mortgages declined in the second quarter, falling from 11.4 million properties to 10.8 million, according to the latest data from CoreLogic. Additionally, 1.8 million borrowers are only 5 percent underwater on their mortgages, and if recent home price increases continue, chances are they could move out of their negative equity position.March home sales increase in almost all metros: RE/MAX If a sea change is underway in metro-area home sales, it has barely touched the surface: Supply was down – again – and pending sales were way up, but closings at the end of the first quarter were flat.$1 billion in MSRs just became available The company, which lost about $1.8 billion and spent about $14.3 billion last year. He had been frustrated by Estonia’s taxi service and didn’t expect Uber to become available anytime soon in a.View Karen Chiu’s profile on LinkedIn, the world’s largest professional community.. metlife announced on January 10, 2012 that it would exit forward mortgage business with last application.
With today’s release of the April S&P/Case-Shiller Home Price Index, we learned that seasonally adjusted home prices for the benchmark 20-city index were unchanged month over month. The seasonally adjusted national index year-over-year change has hovered between 4.2% and 6.7% for the last two-plus years.
· case-shiller national home price index.. home prices in the U.S. are on the rise, as lack of inventory and low interest rates help push prices upwards.. according to the S&P/Case-Shiller. U.S. home prices edged up 0.9% in August as 19 of the 20 cities studied in the Standard & Poor’s/Case-Shiller index posted positive monthly gains from July.