Markets & Economy

Real estate market recap, May 4-8

The big news in real estate markets, recapped for your convenience

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Here's what happened this week in the real estate market: Realogy posted $1.1 billion in revenue in the first quarter of 2015, up 5 percent from a year ago. Although a majority of distressed homeowners are plagued by mortgages that far exceed the actual value of their homes, the number of homeowners with underwater mortgages is shrinking, according to Black Knight Financial Services’ latest Mortgage Monitor report. Home prices in March sat at or within 10 percent of peak levels in 27 states and the District of Columbia, as property values continued to grow across the country, according to data aggregator CoreLogic. The National Association of Home Builders/First American Leading Markets Index indicated that markets in 68 of approximately 360 metro areas nationwide that were surveyed either returned to or exceeded their last normal levels of economic and housing activity in the first quarter of 2015. Employment is up; mortgage delinquencies are down. Home values are...