Fannie mae foreclosures wilkes barre pa pro#

The listing brokerвЂ™s offer of compensation is made only to participants of the MLS where the listing is filed. Information is deemed reliable but not guaranteed. The area lost a considerable number of jobs post housing crisis, and while some job growth has happened, home prices have been relatively flat over the last ten years.IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. вЂњThe ScrantonвЂ“Wilkes-BarreвЂ“Hazleton, PA CBSA is in our bottom 10 this month, as higher foreclosures and longer days on market stall any significant price gains. The bottom metros were largely southern and included: Las Cruces, New Mexico Mobile, Alabama Huntsville, Alabama Virginia Beach-Norfolk-Newport News, Virginia-North Carolina Miami-Miami Beach-Kendall, Florida Chicago-Naperville-Arlington Heights, Illinois Shreveport-Bossier City, Louisiana Killeen-Temple, Texas McAllen-Edinburg-Mission, Texas and Scranton-Wilkes-Barre-Hazelton, Pennsylvania.ДЄccording to the report, the Scranton area makes the report as a result of a stagnant jobs market and lots of foreclosures. While more multi-family homes are being built, single-family home starts are still at a fraction of pre-crash levels.вЂќ вЂњSeattle has a dire need for more single-family, moderately-priced homes,вЂќ the report stated, вЂњas supply has not kept up with demand, leading to limited inventory and increasing prices. Seattle-Bellevue-Everett had just a 1.75 MRI-the lowest of all metro areas measured. The top 10 included: Mount Vernon-Anacortes, Washington Bremerton-Silverdale, Washington Portland-South Portland, Maine Omaha-Council Bluffs, Nebraska-Iowa Nashville-Davidson-Murfreesboro-Franklin, Tennessee Bellingham, Washington Sacrament-Roseville-Arden-Arcade, California Colorado Spring, Colorado Stockton-Lodi, California and Seattle-Bellevue-Everett, Washington. The strongest metros, according to the report, were largely based in the Northwestern U.S.

Fannie mae foreclosures wilkes barre pa pro#

This month, only eight metros we track have MRIs over 10, compared to 27 last year and 48 two years ago-illustrating that this lack of inventory is not being driven by traditionally вЂhotвЂ™ markets, but is rather a broad-based, national phenomenon.вЂќДЄccording to Pro Teck, the recent lack of inventory is result of a number of factors, including вЂњthe reduction of new housing starts post-crisis, investors buying and now renting homes, and the lack of equity and/or rising interest rates keeping people in their homes longer than anticipated.вЂќД®ven the nationвЂ™s top single-family markets, as ranked by Pro TeckвЂ™s report, saw declines in MRI. вЂњTraditionally, a balanced market would have an MRI between six and 10 months.

вЂњThe lack of inventory is very real and could have a severe impact on home sales in the months to come,вЂќ OвЂ™Grady said. This steep drop is going to have a big influence on the market in the coming months, according to Pro Teck CEO Tom OвЂ™Grady. In 2015, the weighted average inventory was 7.87 months last year, it was 6.89. According to the Home Value Forecast released by Pro Teck Valuation Services on Tuesday, the Months Remaining Inventory on the market has dropped more than 14 percent over the last year and 25 percent over the last two. All eyes are on inventory as we enter the busiest homebuying season of the year.