CoreLogic June MarketPulse Report | Negative Equity Increases Home Prices in Toughest Markets

“Paradoxically, as the flow of REOs has slowed over the last 18 months, negative equity has become a positive force in real estate markets by restricting supply in the face of increasing demand”

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CoreLogic: Negative equity props up home prices in toughest markets

The negative equity problem may actually be pushing up home prices at the bottom of some of the hardest-hit housing markets, according to a report from CoreLogic ($17.39 0.06%).

The national supply of unsold homes dropped to 6.5 months in April from nine months last June. But the decline occurred less because of an increase in sales. In fact, pending home sales dropped 5.5% in April, according to the National Association of Realtors.

Instead, fewer homes reached the market because the owners owe more on their mortgage than the home is worth and are trapped in negative equity, said CoreLogic Senior Economist Sam Khater in the report.

Rest of the story here…

Copy of the report here…

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4closureFraud.org

Comments
3 Responses to “CoreLogic June MarketPulse Report | Negative Equity Increases Home Prices in Toughest Markets”
  1. ChrisYAHanWatcher4YAH says:

    Some may NOT that in the Negative Legal sleazy World of the Talmudist: FRAUD is presumed LEGAL although specifically precisely NOT LAWFUL! and per C.J.S. Vol 7 “Attorney Client” under: Miscellaneous:
    Attorney Client Sexual Relations: The same KA’zar psychopath sexual perverts proclaim: Having sexual relation with a Client DOES NOT violate the “professional ethics” of the Attorney! see pg. 707, i Think i recall?
    They also PRESUME they have the DUTY to DO ANYTHING, to the GOYIM, [mere cattle to be DESTROYED by any Means Desirable or Lusted For, to Pleasure their Evil Satanic Master HA SHAtan/] Don’t beLIEve me
    Trust but Verify. Note The “R in side the “O” on the Rothschild COPY RIGHT Mark of the Private LAW books, Foods and Every thing else we Buy and PAY to the Global: R KULT?

  2. Ali says:

    According to the last illegal filing at my recorders office, Corelogic was filing on behalf of Bank of America. So I would take anything Corelogic has to say with a very large grain of salt! Yeah house prices are falling, we all know that, but the reason no one is buying is because there are no titles, some missing since the S & L debaukle, another reason, insurance companies are becoming more and more reluctant to insure these title-less homes and in most cases the chain of title has been broken and many years of chains of title are bifurcated because of the fraud that MERS has perputrated on the people, the courts, and the recorders office’s, they should all be declared “Crime Scene’s”. As far as mortgage modifications go, DO NOT enter into any agreement with anyone other then the trustee of your fake mortgage. Even then I would think long and hard before doing so.

  3. Pamela Edwards says:

    Negative equity,underwater homeowners,=strategic default.Get the picture?

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