Team Thayer Property Servicing

Foreclosure metrics were way down across the board again in July 2015, as pre-sale foreclosure inventory dropped to its lowest level since December 2007 and completed foreclosures were down by nearly 25 percent year-over-year, according to  CoreLogic 's  July 2015 National Foreclosure Report  released Tuesday. Completed foreclosures for July 2015 totaled approximately 38,000, which was a 24.4 percent declined from the previous July's total of 50,000. July 2015's total represented a 68 percent decline from the peak number of completed foreclosures (117,225) reached in September 2010. Completed foreclosures, which are a true measure of homes lost to foreclosure, have totaled 5.8 million nationwide since the financial crisis began in September 2008 and 7.8 million since homeownership rates peaked in Q2 2004, according to CoreLogic. While monthly completed foreclosure totals have been on the steady decline, July's total of 38,000 is still about 80 percent higher than t...

House prices inched up 0.4 percent in May, on a seasonally adjusted basis from the previous month, according to the  Federal Housing Finance Agency’s  monthly House Price Index. The previous month was revised up from 0.3 percent percent change in April to instead reflect a 0.4 percent change. Then index is based on home sales price information from mortgages sold to or guaranteed by  Fannie Mae  and  Freddie Mac . From May 2014 to May 2015, house prices were up 5.7 percent. For comparison, the U.S. index is 1.8 percent below its March 2007 peak and is roughly the same as the April 2006 index level.  For the nine census divisions, seasonally adjusted monthly price changes from April 2015 to May 2015 ranged from -0.6 percent in the East South Central division to 1.1 percent in the East North Central division. In addition, the 12-month changes were all positive, ranging from +0.9 percent in the M...

Consumers grow uneasy as the spring season comes to a close and recent gains in the housing market begin to decline.  Clear Capital, Inc. , a provider of data and solutions for real estate asset valuation and collateral risk assessment, recently released its  Home Data Index (HDI) Market Report with data through June 2015 that shows that 2015 will be a non-growth year. In January, the company forecasted total national housing market growth for 2015 to reach 1.3 percent, more than five percent lower than growth for 2014 at 6.7 percent. The adjusted forecast presumes that year-end national growth will come in at 2.6 percent, falling within the projected range of 1 percent to 3 percent. “With a first full look of the spring buying season and six-month update to the forecast, our data through June confirms our initial projection that 2015 would be a non-growth year," said Alex Villacorta, Ph.D., VP of research and analytics at Clear Capital. “Here we are six months later, ...