Optimism of mortgage lenders hits new highs… First American says real house prices up 8.2 per cent… Maine reports lower sales, higher prices…
As rates feel upward pressure, fraud and misrepresentation are also on the rise
NAIHP recently discovered many Appraisal Management Companies (AMC’s), are operating without authority in most states and have failed to pay state income tax.
It's hard to think of a bright side to the American housing bubble. Many economists and analysts agree that the bursting of the bubble was a major contributing factor to the global financial crisis, which in turn snowballed into an economic avalanche of foreclosures, bank failures, unemployment, and a deep loss of confidence among consumers.
Foreclosures will finally find the market Making predictions regarding the most volatile housing market in American real estate history is no easy task. However, we believe five major stories will dominate industry headlines in 2012. Here are our projections: