Proctorville Real Estate News
Friday Mar 27 | via Housing Wire
Earlier this week RealtyTrac reported that wage growth has fallen behind home price growth by a ratio of 13:1 in three out of every four markets in the United States surveyed. Now comes a report from the Federal Reserve Bank of Cleveland that, perhaps counter-intuitively, wages grew faster during the recession, and became stagnant in the "recovery." Comment?
Wednesday Mar 18 | via Toledo Blade
Last year in Lucas County, nearly 1 in 3 home buyers made down payments of 3 percent or less, according to a new study of home buying in 386 counties nationwide by real estate data firm RealtyTrac. Considering that Lucas County's median home price was $76,075 at the end of December, a down payment of 3 percent equated just $2,282. Comment?
Tuesday Mar 10 | via Credit.com
Foreclosure activity in the U.S. declined 9.39% from February 2014 to February 2015, with one in every 1,295 housing units in some stage of foreclosure last month. That's the lowest the national foreclosure rate has been since July 2006, according to RealtyTrac's monthly report on the foreclosure market. Comment?
Tuesday Mar 17 | via Daily Herald
The Indiana Bureau of Motor Vehicles could soon issue photo-less state identification cards under a proposal that an Indiana Senate committee passed Tuesday. The Homeland Security and Transportation Committee voted 8-0 to approve the measure, which would allow a religious exemption to Indiana's photo requirement on state IDs. Comment?
Friday Mar 13 | via WTOV9
A new report that suggests draining a central Ohio lake to prevent a potentially catastrophic dam failure has area homeowners worried about plunging property values. A U.S. Army Corps of Engineers report released Wednesday says the 180-year-old dam at Buckeye Lake, about 30 miles east of Columbus, should be replaced immediately. Comment?
2 min ago | via Business Journal
More good news for the housing market: Pending home sales increased 3.1 percent in February to their highest level in 20 months. A National Association of Realtors' index based on contract signings rose to 106.9 in February. Comment?
3 min ago | via WSB-TV
U.S. home price increases continued to rise at a steady pace in January, as the housing market deals with affordability problems and few properties listed for sale. The Standard & Poor's/Case-Shiller 20-city home price index rose 4.6 percent in January compared with 12 months earlier, S&P said Tuesday. Comment?
1 hr ago | via Silicon Alley Insider
Home prices in January rose in-line with expectations according to the latest S&P/Case-Shiller home price index. Expectations were for the report to show home prices rose 0.6% in January compared to the prior month and 4.6% over the prior year. Comment?
Yesterday | via News Max
You might think that people who stopped paying their mortgages in the wake of the financial crisis aren't making out so well when it comes to housing. Well think again. Comment?
Feb 3, 2015 | via Business Journal
March 30 -- More Americans than forecast signed contracts to purchase previously owned homes in February, indicating a pickup in the housing market ahead of the spring selling season. Bloomberg's Scarlet Fu reports on "Market Makers." Comment?
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