Tag Archives: Norms

Bay Area housing inventory drops by 30 percent

Fewer Bay Area homeowners listed homes for sale in June than last the same month last year.  Blanca Torres Reporter- San Francisco Business Times Email  | Twitter  | Google+  | LinkedIn Housing inventory was down by more than 30 percent during the past … Continue reading

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As Prices Rise, Banks Repossess More Homes

“Inventory will likely remain below year-ago levels for a while yet, as builders ramp up capacity and sellers wait to squeeze every drop of equity from their home before listing,” Zillow’s chief economist Stan Humphries said in a release. “But … Continue reading

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Rising Mortgage Rates, Home Prices a Lethal Brew

Still, rising rates could not come at a worse time for the housing recovery. Home prices rose over ten percent in March, according to the latest surveys from SP/Case-Shiller. Every one percentage point rise in mortgage rates reduces the average … Continue reading

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As Mortgages Improve, Old Ills Still Hit Big Banks

“The five mortgage services that signed the National Mortgage Settlement are legally required to take specific, rigorous, and enforceable steps to protect homeowners,” Attorney General Schneiderman said. “Wells Fargo and Bank of America have flagrantly violated those obligations, putting hundreds … Continue reading

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US Pending Home Sales Tick Upward in March

“Contract activity has been in a narrow range in recent months, not from a pause in demand but because of limited supply,” said Realtors chief economist Lawrence Yun in a release. “Little movement is expected in the near-term sales closings, … Continue reading

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