CoreLogic report sees home prices bottoming out

Home prices appear to be bottoming out, but the market is in a transitional phase where rising delinquencies and foreclosures may have "a concentrated and contagious impact" on local markets, according to a new report by First American CoreLogic.

CoreLogic's quarterly Core Mortgage Risk Monitor tracks the risk of loan delinquencies due to fraud and collateral risks, home prices and the health of local economies.

Thanks to continued moderation in home prices, stable economic health at the national level, and a stabilization of fraud and collateral risk, CoreLogic's overall risk  more...

Russia, Bulgaria have highest real estate transaction costs

Home purchases in Europe by an out-of-country buyer are subject to the highest transaction costs in Russia, according to a report this week by Global Property Guide, an international real estate research firm.

Transaction costs are about 25 percent of the property value in Russia, 24.9 percent in Bulgaria, 19.7 percent in Monaco, 17.9 percent in Belgium, 17 percent in Italy, and 16.3 percent in France, the company reported.

The report is based on the total cost of buying and selling a property, including taxes and  more...

Overnight real estate rates inch up

Long-term mortgage interest rates rose slightly Friday, and the benchmark 10-year Treasury bond yield stayed at 4.67 percent.

The 30-year fixed-rate average gained to 5.77 percent, and the 15-year fixed rate was up at 5.51 percent. The 1-year adjustable dipped to 5.33 percent.

The 30-year Treasury bond yield increased to 4.85 percent.

Rates and bonds are current as of 7:15 p.m. Eastern Standard Time.

Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states.  more...