DS News Webcast: Friday 2/28/2014

first_imgHome / Featured / DS News Webcast: Friday 2/28/2014 RealtyTrac released its Residential & Foreclosure Sales Report for January, revealing institutional investors made up 5.2% of all residential property sales in January. Investor sales are down from 7.9% in December, and down 8.2% yearly. The January numbers represent a 22 month low. Short sales and foreclosure-related sales combined for 17.5% of all U.S. residential shares in January, according to the company’s report.Many metros experienced large drops in investor purchasing, including Memphis Tennessee, Tucson Arizona, and Tampa Florida. Counter to the national trend, 23 of the 101 metros analyzed in the report posted year-over-year gains in institutional investor share. Austin, Texas grew the largest with 162 percent. Cincinnati, Ohio was next with an 83 percent increase, Dallas, Texas rose 30 percent, and Denver, Colorado climbed 21 percent.Black Knight Financial Services issued their First Look Report of January mortgage performance data. Foreclosure inventory has hit a new post-crisis low of 2.35%, the lowest since November, 2008. The percentage of loans 90 days or more past due or in foreclosure is 4.92%, the lowest in over 5 years. Approximately 3.14 million properties were past due on mortgage payments for 30 days or more, and 1.2 million properties were delinquent for more than 90. DS News Webcast: Friday 2/28/2014 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Wells Fargo Cuts 700 Mortgage Jobs Next: Foreclosure Inventory Drops by One-Third, Still Elevated Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Is Rise in Forbearance Volume Cause for Concern? 2 days ago Demand Propels Home Prices Upward 2 days ago 2014-02-28 DSNews Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: DSNews Share Savecenter_img The Best Markets For Residential Property Investors 2 days ago February 28, 2014 504 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Featured, Media, Webcasts The Best Markets For Residential Property Investors 2 days ago Related Articles Sign up for DS News Daily Subscribelast_img