Foreclosure mess scares off homebuyers: Campbell/Inside Mortgage Finance

The ongoing controversy surrounding foreclosures is taking its toll on the housing market as a significant share of home shoppers refused to even look at distressed properties in October, according to the latest Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions.

"The ongoing controversy surrounding foreclosures is taking its toll as homebuyers refused to look at distressed properties in October, and foreclosure sales suffered from delays, according to the latest Campbell/Inside Mortgage Finance Monthly Survey.

Current homeowners accounted for 54 percent of October’s non-distressed market, up from 50 percent in June, according to a new survey by Campbell/Inside Mortgage Finance. This as the share of non-distressed sales surged to 64.7 percent, up from 55.7 percent as recently as February.

Judge signs $25 billion foreclosure settlement With holdout attorneys general in California and New York set to sign. foreclosure settlement with five major banks could be made official as early as Thursday. The New York Times, citing state and.

What’s more, buyers of distressed properties have become gun shy due to the foreclosure processing problems, according to a Campbell/Inside Mortgage Finance survey of real estate agents. The poll found 14 percent of owner-occupant homebuyers and 6 percent of investors refused to view foreclosed properties in October.

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Despite growing signs that the housing market is starting to recover from the depression-like conditions of the past few years, first-time homebuyers don’t seem to be benefiting from that recovery.The recent Campbell/Inside Mortgage Finance HousingPulseTracking Survey results, besides being really confusing by combining and capitalizing different words, showed that the first-time homebuyer.

According to the latest Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions, the ongoing controversy surrounding foreclosures. off the market, including some already.

August 2010 Housing Trends Update is derived from the Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions. It is based on a national survey of more than 3,000 real estate agents each month and provides up-to-date intelligence on home sales and mortgage usage patterns throughout the United States

CoreLogic: 791,000 underwater homes return to positive equity Irvine, Ca-based CoreLogic. and the average underwater amount is $88,000. The bulk of positive equity for mortgaged residential properties is concentrated at the high end of the housing market. For.