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For years, some real estate analysts feared that banks would suddenly release a wave of foreclosed houses, swamping the local housing market and sending house prices into a second collapse. That second tsunami isn’t happening, according to an analysis by the North County Times. A house-price crash precipitated a series of foreclosure spikes in 2007 and 2008, leaving banks holding thousands of houses and struggling to hire staff to process them. After 2009, real estate agents and some analysts became convinced that lenders were holding off on foreclosures, and sitting on foreclosed properties in order to prop up prices, creating

U.S. homeowners are getting better about keeping up with mortgage payments, driving the percentage of borrowers who have fallen behind to a three-year low, according to a new report. Still, the rate of decline remains slow, credit reporting agency TransUnion said Wednesday. The percentage of mortgages going unpaid is unlikely to return anytime soon to where it was before the housing market crashed. Some 5.49 percent of the nation’s mortgage holders were behind on their payments by 60 days or more in the April-to-June period, the agency said. That’s the lowest level since the first quarter of 2009. The second-quarter

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In case you’re still a nonbeliever that housing has finally crawled its way into recovery mode, ask yourself: What are the bellwether indicators of the early stages of a rebound? You can probably rattle them off. Rising home prices in the vast majority of the country’s major markets. Tightening of the supply of houses listed for sale. Quickening rates of turnover of the available housing inventory – how fast houses listed for sale are put under contract You could also add sustained periods of rising single-family housing starts (they were up in June for the fourth straight month), increased number

House prices, after falling for more than five years, are rising again. All the major sales-price indexes show that there have been modest national increases in recent months, even after adjusting for seasonal patterns. When foreclosures and distressed sales are excluded from the data, prices are up even more. And we should expect further gains: The asking-price index, a leading indicator of sales prices, published by Trulia Inc. (where I work), climbed at an annualized rate of 3.3 percent in the second quarter of this year, adjusted for mix and seasonality, and rose in 84 of the 100 largest U.S. metropolitan areas. Of

Fewer Buyer Challenges with Financing and Selling Existing Homes REBAC members identified the top issues currently preventing buyers in their local market from completing a purchase. While difficulties obtaining financing were cited as the leading challenge among buyers in 2010 (61 percent) and 2011 (65 percent), in 2012, the percentage noting this challenge dipped to 49 percent. Problems selling their current homes, similarly, declined in 2012 to 43 percent, down from 59 percent in 2011 and 57 percent in 2010. Top Three Issues Preventing Buyers from Completing Purchases

California has served as a remarkable barometer for nationwide real estate trends over the past decade. This fact is in large part due to the widespread publicity and concentrated marketing efforts that come from the region, which tend to not only set the stage for public opinion, but also tend to exaggerate the peaks and troughs. This lead to the Southern California real estate market seeing some of the most stunning gains throughout the inflationary period of the housing bubble, as well as some of the most painful losses following the bubble’s burst in 2007. However, the following 6 real estate market metricsare

Where did the shadow go — and why does that bother hedge fund managers? Shadow inventory is thought to be the pending supply of distressed homes, which can create uncertainty in U.S. housing markets. CoreLogic reports that by its math the nation’s shadow inventory tumbled 15% year-over-year in April to a four-month supply. Since peaking in January 2010 at 2.1 million units, the shadow inventory has fallen by 28 percent to 1.5 million units. The trend and the size of these shadow supply numbers must be greeted with some trepidation by Wall Street hedge funds. They found it easy to

Southern California’s real estate market got its buying season bump in May with home sales increasing more than 20 percent and the median price hitting a 20-month high, a market tracker said Wednesday. Sales increased in all six Southern California counties, according to San Diego-based DataQuick. “The market is being slowly nursed back to health by low interest rates, a modestly improved economy and, we suspect, a widening sense that the housing sector is at or near bottom,” DataQuick President John Walsh said in a statement. Last month home sales increased 20.6 percent to 22,192 properties from 18,394 a year