Tag Archives: Study Says

Underwater home owners are willing to move, despite losing money on their homes, new research shows. In fact, home owners who owe more on their mortgage than their home is currently worth are more willing to move away if a job opportunity arises than even home owners with equity, according to researchers with the Federal Reserve Bank of Cleveland. The research, based on data from credit bureaus, aims to debunk a popular theory that underwater home owners have been held back by their lack of equity status. Dubbed the “lock-in […]

Green homes can net higher sales prices, according to a new study conducted by the University of California. Researchers analyzed 1.6 million home sales from 2007 to 2012 and found that green-certified, single-family homes sold for $34,800 more — or 9 percent more — than comparable non-green-certified homes in California. In California, cities that also had the most electric vehicles and most eco-conscious, the sales price of  homes with eco-friendly construction was even higher. “We observed a phenomenon we’ve termed the ‘Prius effect’ — a positive correlation between the value […]

“The nation is not even halfway through the foreclosure crisis,” suggests a new report from the Center for Responsible Lending, “Lost Ground, 2011.” In the report, the Center for Responsible Lending analyzed 27 million mortgages issued over a five-year timespan. Researchers found that at least 2.7 million mortgages issued from 2004 through 2008, or 6.4 percent, have ended in foreclosure as of February 2011. Also during that time period, researchers found that 3.6 million households — or an additional 8.3 percent — are still at immediate or serious risk of […]