All Posts Tagged With: "homeowners"

Are We Nearing a Housing Market Bottom?

It’s been a long, downslide for homeowners or anyone trying to buy a house.

But a Moody’s Economy.com report, “Housing in Crisis: When Will Metro Markets Recover?”, says we could be nearing the end.

Specifically, the study estimates that: 

• House prices will stabilize by the end of this year.
• The national Case-Shiller house price index will decline by another 11% from the fourth quarter of last year for a total peak-to-trough decline of 36%.
• Before the downturn ends, house prices will have declined by double-digits in nearly 62% of the nation’s 381 metro areas. House price declines will

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Home Foreclosures Continue to Rise, But Biggest Jump Still to Come

Foreclosure filings hit an all-time high with a 65% year-over-year increase in April and a 4% increase from March, RealtyTrac reported yesterday (Wednesday).

RealtyTrac Chief Executive James J. Saccacio said the 243,353 foreclosure filings last month was the highest since his firm began tracking the data in January 2005, The Wall Street Journal reported.

“Although only about 2% of households nationwide are in foreclosure, these properties contribute to already bloated inventories of homes for sale, and put downward pressure on home values,” Saccacio noted.

Nationwide, one in every 519 households received a foreclosure notice.

California, Florida, Nevada and…