Vancouver Washington Real Estate Information

24% of FHA Loans written in 2007 in Default

Posted on February 15, 2010
Filed Under Foreclosures | Leave a Comment

24% of FHA Loans written in 2007 in Default. 20% of FHA loans written in 2008 are in default.

Recap of findings of the latest RealtyTrac report:

* The foreclosures surged 15% as compared to one year ago.
* For Every 409 U.S. homes – 1 is now facing default.
*Over 87,000 homes were repossessed just in January 2010 alone. That’s a 31% increase over January of 2009.
*The number of pending foreclosures will increase by nearly 40% to a record high of 3.5 million as compared to the old record of 2.8 million in 2009.
*Home values plunged even further by 17% in December 2009.
*Fannie Mae conventional loan delinquency rates have more than doubled from 2008 year end to 5.3% by the close of 2009.

What Investors Should Know About Title Insurance

Posted on February 14, 2010
Filed Under Vancouver Homes | Leave a Comment

1 in 5 Homes Underwater

Posted on February 10, 2010
Filed Under Real Estate News, Vancouver Homes | Leave a Comment

20% of homes underwater

Real estate website Zillow.com says one of every five U.S. home owners owed more on their mortgage than their home was worth in the fourth quarter. The percentage of American single-family homes with mortgages in negative equity rose to 21.4% in the fourth quarter from 21% in the third quarter, according to the Zillow Real Estate Market Reports. U.S. home values declined again in the fourth quarter, as the Zillow Home Value Index fell 5% year-over-year and down 0.5% quarter-over-quarter, to $186,200. It was the 12th consecutive quarter of year-over-year declines, the reports showed. ”The prevalence of markets in or near a double-dip situation shows that we are not yet at the bottom, in terms of home values,” Stan Humphries, Zillow chief economist, said in an interview.

Will Interest Rates Go Up Next Year?

Posted on December 8, 2009
Filed Under Vancouver Homes | Leave a Comment

The overwhelming opinion is rates will go up sometime next year. If teh feds do not support the low rates buying MBS than it would be fair to say non-fed investors will demand a higher return. If you have an opinion please share it in the comment section.