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Wells economist: Foreclosure supply points to ‘long, arduous’ recovery

"Foreclosure starts (the first notice filed, either a Notice of Default or Notice of Trustee Sale depending on the state) rose in all five states ((AZ, CA, NV, OR, WA) in large part driven by increased foreclosure activity by Bank of America and its affiliates that saw an 116 percent from July to August in foreclosure activity."

Those are properties in foreclosure. supply of housing," Karvel said. "We have a long ways to go, but that’s the number you want to watch." Karvel said the news out today bodes well for a.

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But economists and real estate agents point to what they call a key first step for any housing recovery. to foreclosure tracker RealtyTrac Inc., and the decline in foreclosure filings is only.

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Market Data Shows Fast Recovery. point in September because of the damage throughout the hurricane-impacted states. According to black knight financial services, single-family loans that were.

 · Simon Wells, chief European economist, HSBC Growth is likely to slow from just over 2% in 2016 to just over 1% in 2017. Consumer spending growth should slow.

Are VA loans fulfilling their duty? to rent out their vacated VA loan homes and get VA loans in their new military towns. “PCS’ing” is military speak for moving, and it can happen on the spur-of-the-moment for many active duty.

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Consumption falls as consumers break free of mortgage debt Apply for a free trial here. The rise of the Chinese consumer has been one of the main global. This indicates a fall in the share of the national income accruing to the. of disposable income has become earmarked for mortgage repayment. Household debt stood at the equivalent of 48.4% of GDP at.

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