New data from the U.S. Department of Labor indicates that Arizona, California, Florida, and Nevada — the four states hit hardest by the housing market collapse — are now seeing the most jobs growth.
CoreLogic’s Home Price Index revealed home prices, including distressed sales, declined on a year-over-year basis by 3.1 percent in January 2012 and by 1 percent compared to January 2012, the sixth consecutive monthly decline.
The Hernando County (Florida) Housing Authority will propose a new program to provide no-interest loans to homeowners who might otherwise land in foreclosure.
A new report from NAHB shows single-family builders pulled in $7.1 million in revenue in 2010 and were left with $39,000 in net profit, a rate of 0.5 percent.
Analysts with the Bank of America Merrill Lynch believe the federal government’s real estate-owned (REO) rental program could encompass 20 percent of the national foreclosure total.
CoreLogic released negative equity data showing that 11.1 million, or 22.8 percent, of all residential properties with a mortgage were in negative equity at the end of the fourth quarter of 2011.
Lewis Ranieri — who’s credited as a co-inventor of the mortgage-backed security — has co-authored a new research paper supporting the federal government’s Real Estate-Owned (REO) Initiative program, according to the Wall Street Journal.