| |
foreclosure: Annual Foreclosure Filings Down For 11th Straight Month - 09/15/11 06:27 PM
On an annual basis, foreclosure filings fell last month. As compared to August 2010, last month's foreclosure filings dropped 33 percent. "Foreclosure filing" is a catch-all term, comprising default notices; scheduled auctions; and bank repossessions.
The study was published by foreclosure-tracking firm RealtyTrac and this month's report reveals a slowing rate of foreclosure within each of the Top 10 most foreclosure-heavy states.
All news is not good, however.
On a monthly basis, foreclosure filings spiked, led by a surge in default notices. Default notices made their biggest one-month jump since August 2007 on the way to a 9-month high last month. Default … (0 comments)
|
foreclosure: Foreclosures Sink To 4-Year Low - 08/12/11 04:59 PM
Foreclosure activity continues to slow.
According to RealtyTrac, a national foreclosure-tracking firm, the number of foreclosure filings nationwide fell 35 percent as compared to July 2010, a statistic suggesting that the housing market continues to improve.
"Foreclosure filing" is a catch-all term encompassing default notices, scheduled auctions, and bank repossessions.
Filings fell to a 44-month low in July 2011.
For all the improvement, though, activity remains concentrated in just a few states. More than half of all bank repossessions last month occurred in just a handful of states.
In July, 6 states accounted for 52% of activity.
California : 19% of all … (0 comments)
|
foreclosure: Foreclosure Filings Fall To 40-Month Low - 05/12/11 04:09 PM
Foreclosure activity continues to drop nationwide.
Based on data from foreclosure-tracking firm RealtyTrac, foreclosure filings nationwide fell below 220,000 in April 2011, a 9 percent decrease from March.
A "foreclosure filing" is defined as any foreclosure-related action including Notice of Default, Scheduled Auction, or Bank Repossession.
April marks the seventh straight month in which foreclosure filings have dropped and total filings are down more than one-third year-over-year.
One reason why filings are down is that banks are letting more time pass between delinquency and foreclosure, exploring alternative courses of actions such as short sales and loan modifications. It now takes, on … (0 comments)
|
foreclosure: Foreclosures Drop 35 Percent Year-Over-Year - 04/15/11 05:41 PM
Foreclosure activity is much slower this year than last.
According to foreclosure-tracking firm RealtyTrac, the number of national foreclosure filings plunged 35 percent in March 2011 as compared to March 2010, a statistic that reflects a more healthy housing market and more robust outlook for 2011.
A "Foreclosure filing" is defined as any of the following : a default notice, a scheduled auction, or a bank repossessions. Foreclosures filings were down in all but 8 states last month.
Activity remains concentrated, too. More than half of all bank repossessions can be tied to just a handful of states.
In March, 6 … (0 comments)
|
foreclosure: Mortgage Rates Return To April 2010 Levels - 02/11/11 05:44 PM
p>
Mortgage rates are surging.
Over the last 7 days, conventional, 30-year fixed rate mortgage rates have jumped 24 basis points, or 0.24%, according to Freddie Mac's weekly Primary Mortgage Market Survey.
It's the largest 1-week spike in mortgage rates in recent history.
The 30-year fixed rate mortgage now averages 5.05% nationally. This is much, much higher than what we saw last November when mortgage rates were 4.17% and looked headed to the 3s.
That's not the case today. In fact, it's the opposite.
Mortgage rates have risen quickly and fiercely this year. As of this morning, mortgage rates are higher over … (2 comments)
|
foreclosure: Foreclosure Activity Drops Throughout The Most Foreclosure-Heavy States - 02/10/11 08:28 PM
Foreclosure activity is slowing. According to foreclosure-tracker RealtyTrac, the number of foreclosure filings dropped 17 percent on an annual basis last month. Monthly filings ticked higher 1 percent after a combined 23 percent decrease through November and December 2010.
The phrase "foreclosure filing" is a catch-all term, comprising default notices, scheduled auctions, and bank repossessions.
January marked the third straight month of sub-300,000 filings after 20 straight months above it.
As compared to January 2010, six of the nation's 10 most foreclosure-heavy states posted an annual foreclosure filing reduction. The remaining four showed modest worsening.
It's noteworthy that states like California … (0 comments)
|
foreclosure: Foreclosure Activity Falls For The Second Straight Month, Drops To 30-Month Low - 01/13/11 10:36 PM
According to foreclosure-tracking firm RealtyTrac, the number of foreclosure filings nationwide dropped for the second straight month in December. After falling 21 percent in November, filings were down by an additional 2 percent in December.
"Foreclosure filing" is a catch-all term, comprising default notices, scheduled auctions, and bank repossessions.
Like most months, a small number of states dominated December's national foreclosure figures. 6 states accounted for more than 50 percent of all bank repossessions.
California : 17% of all repossessions Florida : 11% of all repossessions Arizona : 6% of all repossessions Michigan : 6% of all repossessions Texas : 6% of all … (0 comments)
|
foreclosure: Foreclosure Activity Plunges (But With An Asterisk) - 12/22/10 11:45 AM
According to foreclosure-tracking firm RealtyTrac, the foreclosure filings fell 21 percent in November to 262,339 units nationwide. A foreclosure filing is defined as default notice, scheduled auction, or bank repossession.
November marked the first time since February 2009 that the number of monthly filings failed to surpass 300,000 units.
There were other notable November statistics, too, included:
November's 21 percent month-to-month decrease was the largest in RealtyTrac's recorded history November's 14 percent year-to-year decrease was the largest in RealtyTrac's recorded history Nevada led the nation in foreclosure activity for the 47th straight month However, we can't read into November's RealtyTrac … (0 comments)
|
foreclosure: October 2010 : 5 States Account For Half Of The Nation's Foreclosure Activity - 11/23/10 03:00 PM
According to October data from foreclosure-tracking firm RealtyTrac, foreclosure filings topped 300,000 for the 20th straight month last month as 1 in every 389 U.S. homes received a foreclosure filing.
The generic term "foreclosure filing" is defined to include default notices, scheduled auctions, and bank repossessions. Versus the month prior, filings fell 4 percent, and as compared to October 2009, filings were essentially the same.
As usual, foreclosure density varied by region last month, with just 5 states accounting for close to half of the nation's repossessed homes.
California : 14.8 percent of all bank repossessions Florida : 14.4 percent … (0 comments)
|
foreclosure: Today's Jobs Report Will Keep Mortgage Rates Highly Volatile - 11/05/10 12:50 PM
Mortgage rates have been falling since April, shedding more than 1 percentage point since the Refi Boom began. Today, that momentum could lose some steam.
The Bureau of Labor Statistics releases the October jobs report at 8:30 A.M. ET. With a stronger-than-expected reading, mortgage rates should rise, harming home affordability nationwide.
As cited by the Fed earlier this week, jobs are a key part of economic growth and growth affects mortgage rates.
Looking back at jobs, starting in January 2010, after close to 24 consecutive months of job loss, the economy added jobs for the first time since 2007. It started … (0 comments)
|
foreclosure: Foreclosure Activity By Metro Area, Q3 2010 - 11/01/10 05:18 PM
Foreclosures are a big part of the housing market, with distressed properties accounting for 35 percent of all home resales last month, according to the National Association of REALTORS®.
But for as common as foreclosures can be, they remain a localized concern. Data from foreclosure-tracking firm RealtyTrac shows that more than half of last quarter's foreclosures came from just 19 metropolitan areas, with the Miami-Fort Lauderdale are accountable for the largest number of filings.
A "foreclosure filing" is defined as a default notice, scheduled auction, or bank repossession.
On a per-household basis last quarter, the Las Vegas area was hardest … (0 comments)
|
foreclosure: Bank Reposessions Top 100,000 In A Month For The First Time Ever - 10/14/10 01:49 PM
The number of foreclosure filings rose 3 percent in September, according to foreclosure-tracking firm RealtyTrac. The term "foreclosure filing" is a catch-all word for housing, comprising default notices, scheduled auctions, and bank repossessions.
September marked the 19th straight month that the number of filings topped 300,000, and the first month in which 100,000 repossessions were logged.
As usual, a small number of states dominated the national foreclosure figures, accounting for more than half of all repossessions.
California : 17% of all repossessions Florida : 13% of all repossessions Michigan : 7% of all repossessions Arizona : 7% of all repossessions Texas … (2 comments)
|
foreclosure: How Long Before You Can Buy After a Foreclosure? - 08/27/10 06:30 PM
Foreclosures really affect your credit and ability to borrow. In fact, it could be 7-8 years before you can get a mortgage to buy a home again.And, credit scores are only one component of a decision by an underwriter. They will also look back to see if you just walked away from the home while you could have kept paying the mortgage or if the foreclosure was the result of a job loss, health issue, etc. The reason makes a difference. If a strategic decision was made to default, it will work against you. Underwriters will also look at your current … (0 comments)
|
foreclosure: How Big Is The Foreclosure Market? It Depends On Where You Live, Of Course. - 08/12/10 06:21 PM
Foreclosure filings rose 4 percent nationwide last month versus June, according to foreclosure-tracking firm RealtyTrac.com. For the 17th straight month, total filings topped 300,000.
A foreclosure filing is defined as default notice, scheduled auction, or bank repossession.
As with most months, just a handful of states dominated foreclosure activity nationwide.
California : 14.9 percent of all activity Florida : 11.6 percent of all activity Arizona : 6.4 percent of all activity Michigan : 6.2 percent of all activity Georgia : 6.1 percent of all activity Texas : 4.9 percent of all activity Together, these 6 states represent just 30 percent of … (1 comments)
|
foreclosure: Foreclosure Activity Slows Again In June 2010 - 07/15/10 12:54 PM
313,841 foreclosure filings were made in June, according to foreclosure-tracking firm RealtyTrac. The figure represents a 3 percent drop from May and 7 percent drop from June of last year. However, foreclosure filings remain relatively high nationwide.
June marks the 16th straight month the filings topped 300,000. 1 in every 411 U.S. homes received some form of notice last month with foreclosure density varying wildly from state-to-state.
Like everything else in real estate, it seems, foreclosures are a local phenomenon.
The states with the highest foreclosures per capita were:
Nevada : 1 foreclosure filing per 88 homes Florida : 1 … (0 comments)
|
foreclosure: Bank Reposessions Reach Record Levels For The Second Straight Month - 06/10/10 01:46 PM
According to foreclosure-tracking firm RealtyTrac.com, bank repossessions reached record levels for the second straight month in May, topping 93,000 properties nationwide.
As compared to May 2009, all 50 states now show an increase in annual REO activity.
Data like that won't surprise today's active home buyers. Foreclosed homes are prevalent, available and accounted for one-third of all home resales made in April.
Furthermore, total foreclosure actions -- the sum of REO, default notices, and foreclosure auctions in May -- topped 300,000 for the 15th straight month.
Foreclosures remain a huge influence on the housing market.
However, two interesting trends emerged … (0 comments)
|
foreclosure: Why have home sales gone down in December, January, and February while the median price has gone up? - 05/21/10 05:27 PM
First, is what is selling. The foreclosure market in the Bay Area makes up about 37% of sales. While this is a lot, it is down from the peak in February 2009 where foreclosures made up 52% of sales. This decline translates into a lower number of sales. In fact, in many hot foreclosure/short sale markets, inventory is down to one to two months. Second, many buyers front-loaded their purchases in September, October, and November 2009 because they thought the first-time buyers credit would expire by November 30, 2009. This left fewer buyers in December, January, and February to buy homes. … (1 comments)
|
foreclosure: Foreclosure Activity Slows For The First Time In Several Years - 05/13/10 12:43 PM
The national foreclosure rate is finally falling.
According to foreclosure-tracking firm RealtyTrac.com, the number of foreclosure notices dropped 2 percent between April 2009 and April 2010.
2 percent may not seem like much, but it's the first time in the history of the RealtyTrac report that the annual foreclosure rate has dropped.
To be sure, foreclosure rates remain elevated -- more than 300,000 were reported last month, but default notices appear to be approaching a plateau.
The RealtyTrac report shows some other interesting statistics, too:
6 states accounted for more than half of April's bank repossessions nationwide For the 40th month … (0 comments)
|
foreclosure: How To Buy Bank-Owned Homes In A Period Of Rising Inventory - 04/15/10 12:24 PM
Foreclosure filings rose close to 20 percent nationwide last month versus February, according to foreclosure-tracking firm RealtyTrac.com, and for the 13th straight month, total filings topped 300,000.
In addition, bank repossessions reached an all-time, quarterly record. Through the first three months of 2010, banks reclaimed more than 257,000 homes.
Nonetheless, 4 states dominated foreclosure activity nationwide.
California, Florida, Arizona and Georgia accounted for more than half of all bank repossessions. It's a disproportionate distribution of foreclosures. Together, the 4 states represent just 23 percent of the overall U.S. population.
The RealtyTrac report revealed some other interesting statistics, too.
Foreclosure activity was … (0 comments)
|
|
|
|
|
|
Michael Haigh
Burlingame,
CA
More about me…
W J Bradley / The Michael Haigh Team
Address: 1860 El Camino Real , Suite 306, Burlingame, Ca, 94010
Office Phone: (650) 204-3311
Cell Phone: (415) 269-4461
Email Me
 Listings
Links
Archives
|
;)
;)
;)
