CoreLogic: Negative equity props up home prices in toughest markets

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CoreLogic: Negative equity props up home prices in toughest markets florida single-family home prices up 14% over last year wilshire bancorp acquires Bank of Manhattan’s mortgage business goldman sachs misses on expectations with $6.86B in 3Q Its revenue fell by any other bank – I think the exception was Goldman Sachs. The reason was.

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The negative equity problem may actually be pushing up home prices at the bottom of some of the hardest-hit housing markets, according to a report from CoreLogic. The national supply of unsold homes dropped to 6.5 months in April from nine months last June. But the decline occurred less because of an increase in sales.

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CoreLogic: Negative equity props up home prices in toughest markets Markets Tumble, S&P Below 2,800, Bond Yields Crater As. – Elsewhere, we also got plenty of house price data yesterday including the FHFA house price index (+0.1% mom vs. +0.2% expected) and S&P CoreLogic index (+0.09% vs. +0.46% expected) – both of which disappointed in.

— The bulk of negative equity is concentrated in the low end of the housing market. For example, for low- to mid-value homes (less than $200,000), the negative equity share is 28.7 percent, almost twice the 14.6 percent for borrowers with home values greater than $200,000.