Citizens Times BY: Don Davies July 13. 2014 Five years after the Great Recession, fewer homeowners are falling behind on mortgages and losing their houses. Buncombe County is down to 248 foreclosure filings so far this year, from the peak of 1,376 in 2010. But Tom Luzon is still worried. […]
Tag: recession
Mortgage Rates Continue to Slip
Mortgage rates have yet to find their bottom in 2014, dropping again this week to their lowest level since last October. In its weekly Primary Mortgage Market Survey, Freddie Mac recorded the average rate for the 30-year fixed-rate mortgage (FRM) at 4.14 percent (0.6 point), down from 4.20 percent last week. Last May, the 30-year fixed was at […]
Default Rates Decline in April to Lowest Post-Recession Rate
Data through April 2014 showed a decline in the national default rate from March, according to S&P Dow Jones Indices and Experian for the S&P/Experian Consumer Credit Default Indices. The indices are a comprehensive measure of changes in consumer credit defaults, released monthly. The national composite default rate recorded its lowest post-recession figure of 1.11 […]
Why so Few Houses for Sale? Lots of Reasons.
DSNews BY: HOWARD GOLDTHWAITE, December 9, 2013 Inventories of homes for sale have been slow to bounce back since the 2007–09 recession, despite steady price appreciation since January 2012.Normally, higher prices reflect robust sales. But lately, prices have been rising even though sales remain stuck at relatively low levels. […]
