Equity-rich properties rise as fewer go underwater

Equity-rich properties rise as fewer go underwater

However, quite a few properties are. values will continue to rise in coming months, and the housing market will look much better next year. "The probability is high that prices will keep rising,

As foreclosure numbers fall, though, many property-rich markets are seeing fewer homes flipped. The number of mortgaged properties that were seriously underwater — when what’s owed on a mortgage.

Podcast Episode #211 Real estate investing news cities with Most Underwater Mortgages Still Offer Best Bargains. Listen to the full episode OR Scroll to read the related article.

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RealtyTrac said the number of California residential properties considered seriously underwater – in which the loan amount is at least 25 percent higher than the property’s estimated market.

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Home prices are slowing compared to a year ago. That’s prompting the share of properties considered "equity rich" to decrease and the share of "seriously underwater" properties to grow to 9.1% of all U.S., homes, according to a newly released report reflecting first-quarter data from ATTOM Data Solutions.

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Home Price Gains to Slow Down – If home prices grow faster than incomes, fewer and fewer people can afford to buy. The heavy demand from investors buying foreclosed properties will diminish as rising prices and falling.

13.6 million property owners nationwide are considered equity rich, thanks to rising home prices. attom data solutions‘ latest U.S. Home Equity and Underwater Report shows that nearly a quarter of all mortgaged homes in the U.S are equity rich, meaning the combined loan amount secured by the property is 50 or less than the estimated market value.

Former Fannie exec to lead Flagstar lending unit  · Flagstar Bancorp announced an expansion of its direct-to-consumer mortgage lending platform with the addition of a team headed up by Rocky Stubbs, who now has a SVP and director of Consumer Direct Lending title. Stubbs will lead Flagstar’s Michigan-based direct-to-consumer group, along with a team of 20 professionals who will operate from Dallas.

The value of American homes compared with the mortgage on those homes continues to rise since the real estate collapse during the recession, according to information from property database curator.

Roughly 6.4 million U.S. homes were seriously underwater – worth 25% less than the mortgage owed – at the end of 2015, which is 11.5% of all properties with a mortgage. Arkansas reported 12% of its homes were seriously underwater at the end of 2015. Underwater U.S. properties declined by 9.2%

Equity-rich properties rise as fewer go underwater More Underwater Borrowers Get Thrown A Life Raft. Equity-rich properties, those with at least 50% positive equity , increased to 11.25 million at the end of 2014, representing 20% of all.

Number of Americans With Equity-Rich Homes Rises, With San Jose, San Francisco and LA at Top. there were 1.2 million fewer properties underwater than the previous year.. The 5.4 million.

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