Home prices in Bend, Oregon, continued their general upward trend in January 2018. The rise in the median sales price here has been part of a nationwide increase in home prices. In this environment, it’s understandable to wonder if the market might be prone to the type of free fall it experienced the last time
More than 7.75 million homes went through foreclosure in the 10 years ending with the close of 2016, but recent employment and economic trends in the United States show the potential to drive the future number of foreclosures to below the pre-housing crisis levels. A report by CoreLogic, a California company that provides financial and
By Jason Boone Prospective homebuyers still often ask me about foreclosures. Certainly the question makes sense. In the wake of the housing bust, foreclosed properties dominated the real estate market, both in Bend and throughout the nation. For many bargain hunters, foreclosed homes became an obvious avenue to buy a home at below market rates.
Thanks to a recent report we know that home prices have continued rising across the United States by double digits year-over-year. The CoreLogic report shows that for 24 consecutive months home prices have been rising including the sale of distressed homes. As we move through 2014 home sales is expected to remain strong but CoreLogic
Foreclosures are quickly becoming a thing of the past for the Real Estate market over the last 2 years, and thanks to a recent report from CoreLogic we know that there were just 45,000 completed foreclosures in the month of December 2013 alone; and that’s a drop of 14% when compared to December 2012. Foreclosures
Thanks to recent statistics from Gorilla Capital, an Oregon company, that buys rehabs and then sells distressed homes, and properties across Oregon, we know that foreclosures have fallen by over 40 percent in the last year alone and dramatically in the month of September due to the changes in foreclosure laws that were put in
Thanks to a recent CoreLogic National Foreclosure report we know that as of July 2013 foreclosures were down by over 20 percent in the United States, compared to the same time last year, and less than 2.2 million mortgages or just over 5 percent of homeowners across the United States were delinquent on their mortgages.
What is a non-judicial foreclosure? This type of foreclosure happens when a lender doesn’t have to go through the court system to foreclose on a home and especially in situations where there is a deed of trust or power of sale clause. In the past, non-judicial foreclosures have been heavily regulated and, before the lender
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