Posts Tagged real estate

2.5 Million Homes Still in Negative Equity at End of Q4 2017

small house sinking in water

Homeowners got a pretty good boost in home equity in 2017, but despite the overall improvement, millions of homeowners still struggle with owing more on their loans than their homes are worth. Negative equity, the state of owning a home that is worth less than what is owed on the mortgage, affected 2.5 million homeowners at the end of 2017. There’s good news, though. The number of homeowners with negative equity is dropping, and it appears to be dropping steadily.

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Home prices are rising fast. Here’s what buyers can do to get a good deal.

Shortages in existing inventory and buildable lots along with the rising costs of construction materials have made home prices increase at a more rapid rate. For today’s home buyers, it can seem challenging to find a home that meets their needs while also being affordable. Fortunately, there are things today’s buyers can do to find an affordable path to homeownership. According to the National Association of Realtors (NAR), home price increases softened a bit by the end of last year; however, a simultaneous uptick in existing home sales further depleted an already tight inventory. This has caused home prices to

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Home Prices Accelerated in November

Home prices increased faster in November, with Seattle, Las Vegas and San Francisco seeing the highest three-month increases across S&P/Case-Shiller’s 20-city index. The latest report shows home price growth is continuing to rise across the nation. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 6.2% annual gain in November, up from 6.1% in the previous month. The 10-City Composite annual increase came in at 6.1%, up from 5.9% the previous month. The 20-City Composite posted a 6.4% year-over-year gain, up from 6.3% the previous month.Furthermore, it’s worth noting that the

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