Strong housing market helps reduce lingering foreclosure inventory

Household incomes and purchasing power will start to pick up in the next two years, also helping housing markets. Andres Carbacho-Burgos is a senior economist at Moody’s Analytics. Harlan Levy: Why do.

Tampa Bay still sits near the top of the nation for ‘zombie homes’ in foreclosure. advantage of the strong seller’s market to dispose of lingering foreclosure inventory over the past year.

The National Association of Realtors(R) is urging mortgage lenders to make loans to creditworthy borrowers, in an effort to reduce the inventory of homes on the market. The NAR is also pushing for more short sales and mortgage modifications, to stem the tide of foreclosed homes coming onto the market.

Institutional investors pinpoint markets with lingering inventory.. thanks to a relatively fast foreclosure process and strong demand," Blomquist stated.. Strong housing market helps reduce. Expert Q&A: Archive of readers’ questions, experts.

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It was only a matter of time before inventory started hitting the market and unsold homes started to pile up. Not that home sales ever saw big volume increases but given the low inventory, any normal amount of homes sales pushed home values into the stratosphere. So here we are with unsold.

The slowdown meant that the inventory. the housing market. "Foreclosures are probably going to increase over the next half year," Rogers said. Economists generally are not predicting a recession,

CAR chastises lenders over short sales  · The California Association of Realtors Wednesday delivered a public reprimand to the nation’s top mortgage lenders and servicers over their handling of short sales. CAR chastises lenders over.

– Thursday, April 19, 2018.. National Delinquencies Fall to 12-Month Low. Black Knight reported the U.S. mortgage delinquency rate (loans 30 or more days past due, but not in foreclosure) was 3.73% in March, down from 4.30% in February.

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RealtyTrac’s May 21 report showing an increase in foreclosure filings may represent more of a mixed bag for the market. April foreclosure filings rose 3% from March’s rate and 9% from April 2014.

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"Lenders have been taking advantage of the strong seller’s market to dispose of lingering foreclosure inventory." Bottom Line. In most housing markets, don’t wait for this additional competition to hit the market. If you are considering selling your house, now may be the time.