We told respondents, “Please think of the number of non-REO listings you currently have and then specify the number of home sellers by motivation. If more than one motivation applies, please select the single motivation that is most …
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Calculated Risk: Home Seller Motivations
He found that, at least in Southern California, borrowers who defaulted on their mortgages didn’t purchase their homes at the top of the market. Instead, the average acquisition was made in 2002 and many homes lost to foreclosure were …
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Calculated Risk: Study: Using Home ATM Led to Most Foreclosures in …
“The additional risk really will only be for borrowers who manage to stay current over the next couple of years and might default due to a payment shock,” the New York-based analysts including Sandeep Bordian and Jasraj Vaidya wrote. …
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Calculated Risk: Option ARMs: Good News, Bad News
As I’ve noted before, I believe this gap was caused by distressed sales – in many areas home builders cannot compete with REO sales, and this has pushed down new home sales while keeping existing home sales activity elevated. …
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Calculated Risk: Distressing Gap: Ratio of Existing to New Home Sales
Existing- home sales – including single-family, townhomes, condominiums and co-ops – increased 3.6 percent to a seasonally adjusted annual rate of 4.89 million units in June from a downwardly revised pace of 4.72 million in May, …
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Calculated Risk: Existing Home Sales increase in June