June 24, 2011 Housing Market News Updates

Posted by News Staff on June 24th, 2011

  • CoreLogic reports that two million homes are under water by more than 50% or $150,000, which increases the risk of more homes falling into foreclosure. Full Story…
  • Shadow inventory declines, but still represents a five month backlog at current sales rate. Full Story…
  • Looming indications that Hong Kong’s housing bubble may burst soon and see prices fall by 30% may be a self-fulfilling prophecy, as fear of collapse keeps home shoppers from buying at the peak. Full Story…
  • Fannie, Freddie and FHA are set to lower the limit on mortgage loans October 1, causing fears that the housing recovery may suffer. Full Story…