Below is a graph that shows the real estate activity in the Wood River Valley, i.e. Sun Valley, Elkhorn, Warm Springs, Ketchum, Hailey and Bellevue areas. The chart shows the percent of properties that are financially distressed properties, i.e. short sales and/or bank owned REOs. If you have any questions regarding the chart please feel …
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Tag: ‘real estate transactions’
Housing short sales may be targeted for fraud
Short sales may be targeted for fraud A study estimates that banks and distressed home sellers will lose more than $375 million this year when they sell undervalued houses to tag teams consisting of realty agents and investors. Are banks and distressed home sellers getting rooked on a massive scale in the booming short-sale arena …
Robert Shiller Interview on U.S. Housing Market – Video
May 31, 2011 Robert Shiller, an economics professor at Yale University and co-creator of the S&P/Case-Shiller home-price index, talks about the outlook for home prices. The S&P/Case-Shiller index of property values in 20 cities fell 3.6 percent from March 2010, the biggest year-over-year decline since November 2009, the group said today in New York. At …
Case-Shiller home-price index hits new low
Is now the time to buy? An index of home prices in the nation’s largest American cities plumbed new depths in March, pushing past a low set during the worst of the Great Recession. The ominous new drop for the Standard & Poor’s/Case-Shiller index of 20 cities, a key measure that is closely watched by …
Real Estate Outlook: Foreclosures Remain Focal Point
Foreclosures are still big news in real estate across the country. Most homeowners are looking forward to a day when foreclosures make up a much smaller share of the market. For now, however, 1 in 119 homes are in foreclosure. One in every 577 housing units received a foreclosure filing in the month of February. …
Mortgage Practices Overhaul Proposed
State and federal officials are pushing to more tightly regulate the way banks and other mortgage servicers treat struggling homeowners in a bid to stem foreclosures. Current government modification programs are largely voluntary, and there are few rules governing servicers’ practices. But on Thursday, the nation’s largest banks, including Wells Fargo & Co., Bank of …
Freddie Mac: U.S. home prices drop 4.3% in fourth quarter
February 28, 2011 U.S. home prices fell 4.3% on a year-over-year basis in the fourth quarter as foreclosures and slowing sales buoyed inventory levels, Freddie Mac said Monday in its Conventional Mortgage Home Price Index. “Foreclosed-property and short sales remain a big part of the market. However, new foreclosures will begin to gradually slow,” said …
Market Update – Sales Activity YTD Sun Valley Area
Sales Activity is up while inventory is down This chart shows a portion of information currently available online. More information is always available for our clients by request . . .
S&P Case-Shiller Index Posts Another Drop as Home Prices Near Trough
Data through December 2010, released this morning by Standard & Poor’s show that the S&P/Case-Shiller national home price index declined by 3.9 percent quarter-over-quarter during the last three months of 2010. The closely watched gauge is down 4.1 percent versus the fourth quarter of 2009, which is the lowest annual growth rate since prices plummeted …
Massive Mortgage Changes
Big news in the real estate world today! Fannie/Freddie On Chopping Block –The white house came out with their mortgage reform options today, including the shut-down of Fannie/Freddie. There is a lot of analysis going on, here’s some from CNBC / CNN / WSJ The Obama administration laid out three broad options Friday for reducing …
