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DS News May 2017

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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16 ON THE WEB WEBSITES TO GET TO KNOW. Advertising is essential but seemingly complex. ADWERX helps real estate and mortgage professionals advertise their businesses through digital marketing tools that are simple to use and sleek to the eye. Create an ad in minutes and show your listings on sites such as e New York Times, CNN, Yahoo, Trulia, YouTube, ABC News, NBC News, About.com, Realtor. com, CBS News, MSN, and more. Adwerx allows you to tailor your advertising to the neighborhoods and ZIP codes you are interested in. eir budget-friendly design allows you to have an ad ready to go in minutes and allows you to easily track how many people saw your ad and clicked through. e ability to write it now and send it later is the key idea of BOOMERANG. Whether you are writing an email late at night and want it to auto send in the morning, or you want to be reminded of a message at a later date in order to follow up, Boomerang makes the process simple and direct. Boomerang allows you to send up to 10 emails per month for free and then has personal, pro, and premium plans to suit your needs after that. Boomerang accommodates teams as well as individual email accounts. Whether you are starting the job search, or want to read up on the perception of your company to new hires, GLASSDOOR is the hub for company reviews for organizations spanning across the nation and nearly any industry. In addition, Glassdoor keeps average salary rankings for a variety of positions to help you makes sure your compensation is keeping pace with the industry average. Lastly, see open positions for hundreds of companies near you and submit your resume for consideration. BOOMERANGGMAIL.COM 2 ADWERX.COM 1 GLASSDOOR.COM 3 NEGATIVE EQUITY DECREASING, BUT MANY HOMEOWNERS STILL UNDERWATER According to Zillow's 2016 Q 4 Negative Equity Report, fewer homeowners are underwater on their mortgages. At the end of 2016, the level of homeowners underwater fell from 13.1 percent to 10.5 percent. However, half of those remaining underwater owe at least 20 percent more than their homes are worth, and negative equity will continue to hold back the housing market after home prices return to pre-crisis levels. Home value appreciation has accelerated in the past few months and thousands have made it back into positive equity, but around 5 million remain in negative equity. "Negative equity is one of the most persistent reminders of the long-term losses suffered when the housing market collapsed," Zillow Chief Economist Dr. Svenja Gudell said. "Accelerating home value appreciation over the past few months was a blessing to owners who have been underwater since the housing bubble burst, but not all underwater owners were able to ride that wave to positive equity. We are in for many more years of elevated levels of negative equity. Even as median home values close in on peak levels reached during the housing boom, some people still face a long wait before returning to a positive balance on their home loans." Negative equity peaked at 31.4 percent in Q1 2012. After this peak, the negative equity decline slowed as homes that were only slightly underwater resurfaced when home values rebounded. Currently, Las Vegas negative equity is at 16.6 percent, and Chicago sits at 16.5 percent, the highest rates of negative equity among the largest U.S. metros. e top five metros with the lowest rates of home equity are all in the West Coast region: San Francisco, Portland, Los Angeles, Denver, and San Jose, California. Zillow calculated negative equity by matching the value of a home to all outstanding mortgage debt and lines of credit associated with the home. Zillow's report covered more than 840 metros, 2,400 counties, and 23,000 ZIP codes.

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