Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

More markets are seeing home-price declines, but the severity of the declines appears to be moderating, according to a quarterly forecast of mortgage risk compiled by First American CoreLogic. A "moderating trend" in price declines over the last two quarters "indicates that the house-price rate of decline is slowing down, a first step toward the bottoming out of price declines," First American CoreLogic's third-quarter CoreMortgageRisk Monitor concludes. The increasing stock of real estate-owned properties, the economy and inflationary risks could still spell trouble, "but for now we view the trend data as a glimmer of hope for the market." Home prices in 380 markets tracked by the forecast fell by an average of nearly 11 percent from a year ...