Monthly Archive:: September 2013

Sellers With Previous Foreclosure or Short Sale: Access to Mortgage Financing

Homeowners who had experienced a foreclosure or short sale are starting to return as homeowners, although access to financing is posing a constraint, according to information in the August REALTORS® Confidence Index Survey report. About 23 percent of respondents...

Household Net Worth

The net worth of households and non-profits is now more than $5 trillion above its pre-recession peak at $74.8 trillion in the second quarter of 2013 according to data from the Federal Reserve Flow of Funds. This level indicates...

Distressed Sales Continue to Fall

In line with the broad decline in foreclosure inventory, distressed sales continue to make up for a smaller share of overall residential sales. Approximately 12 percent of respondents who reported a sale in the August REALTORS® Confidence Index Survey...

2013 Firm Survey: Franchised Firms

Fifteen percent of firms are franchised firms. The typical firm has been affiliated with their current franchise for 11 years. Eighty-seven percent of firms reported their current franchise affiliation improved their firm name recognition. Many franchised firms have the...

Homeowner Equity

Housing equity rose 30% or more than $2 trillion over the past year as prices rose, home purchases rebounded, and mortgages outstanding continued to decline according to second quarter data from the Federal Reserve’s Flow of Funds. Mortgage debt...