Data through April 2014 showed a decline in the national default rate from March, according to S&P Dow Jones Indices and Experian for the S&P/Experian Consumer Credit Default Indices. The indices are a comprehensive measure of changes in consumer credit defaults, released monthly. The national composite default rate recorded its lowest post-recession figure of 1.11%…
Read more
U.S. Home Flipping Drops Nationwide: Now Account for Only 3.7% of All Sales
RealtyTrac released its U.S. Home Flipping Report for Q1 2014, reporting that 3.7% of all U.S. single-family home sales were flips. Home flipping over all is down, dropping 4.1% from the fourth quarter in 2013, as well as declining 6.5% from the previous year's first quarter. The company defines flips as homes purchased and sold…
Read more
