Zombie Foreclosures; Price Expectations

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Foreclosure

Zombie foreclosures lurk locally but largely vanish

Zombie foreclosures now account for just over one percent of the 1.5 million vacant homes in the United States, according to RealtyTrac. States with the most vacant “zombie” foreclosures were New Jersey (3,997), Florida (3,512), New York (3,365), Illinois (1,187) and Ohio (1,028), and some markets, such as Boston, St. Louis and Philadelphia, have seen an… 

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Stockman

Presidential Adviser’s Interview Takes a Shocking Turn… 

Former budget director David Stockman just exposed new evidence that the largest debt-fueled bubble is about to burst … and it may be 100 times worse than any crash in American history. 

 

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REALTORS®’ Price Expectations By State

 

REALTORS® overall expect home prices to rise 3.5 percent over the next 12 months, according to the August 2015 REALTORS® Confidence Index Survey, which is based on the responses of a monthly survey to more than 50,000 real estate professionals. REALTORS® from Florida are the most upbeat about price expectations, with a median expected price growth in the 5 to 6…  

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Pool

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Loans Soar Ahead of New Mortgage Rules

Borrowers rushed to secure financing last week, sending mortgage applications climbing 25.5 percent week-over-week before the “Know Before You Owe” disclosure rules took effect last Saturday. The Mortgage Bankers Association reported that for the week ending Oct. 2, refinance applications spiked 24 percent on a seasonally adjusted basis while applications for…

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