Tag Archives: Distressed Market

Housing Recovery Is Leaving Behind First-Time Buyers

Current homeowners are finally moving up, and distressed sales are making up less of the overall market—all signs of much-needed improvement in housing. Current homeowners accounted for 54 percent of October’s non-distressed market, up from 50 percent in June, according … Continue reading

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US Home Builders Begin to See Credit Thaw

The U.S. home building industry is finally coming off its lowest volumes ever, albeit in fits and slow starts.  New single family home starts fell 6.5 percent in July from the previous month but are still up 17 percent from … Continue reading

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While the Real Estate Market Struggles, Conix Acquires $112M of Distressed …

TUCSON, Ariz., July 18, 2012 /PRNewswire via COMTEX/ – While many real estate investment companies are struggling with the difficult market, one firm is leveraging technology to achieve an exceptional level of success. Conix Inc., a distressed real estate investment … Continue reading

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Huge Spike in Home Prices Is Not Real

The median price of an existing home that sold in April of this year was $177,400, an increase of just over ten percent from a year ago. That is the biggest price jump since January of 2006. The difference between … Continue reading

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Home sale contracts declined last month in California

The number of contracts signed for new home purchases in the Golden State dropped nearly 8% last month as the inventory of homes for sale remained tight, according to a real estate group. The California Assn. of Real Estate’s home … Continue reading

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Lack of Distressed Supply Pushes Home Sales Lower

Sales of existing homes continue to drop, and while tough credit and weak consumer confidence are certainly factors, lack of supply appears to be the latest culprit. Inventories of existing homes historically rise in the spring, as sellers look to … Continue reading

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Are There Really Two Housing Markets?

As we head toward the end of the year, for some reason the drumbeat to claim that housing has bottomed is growing louder. There were a few positive indicators in September, rising housing starts and rising home sales, that gave … Continue reading

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The Housing Market is Shrinking

The foreclosure headlines today are that one third of all home sales in Q2 were of distressed properties (foreclosures and short sales), according to a new report from online foreclosure sale and data site RealtyTrac. The discount on those homes … Continue reading

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Who Will Buy the Foreclosures?

Not to sound like a broken record, but only when we work through the vast inventory and shadow inventory of foreclosed properties, can home prices bottom and housing recover overall. Obviously certain markets are more burdened by the distress than … Continue reading

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