realty trac: Foreclosures Drop 35 Percent Year-Over-Year
- 04/15/11 07:08 AM
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 … (2 comments)
realty trac: Foreclosure Activity Drops Throughout The Most Foreclosure-Heavy States
- 02/10/11 02:41 AM
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)
realty trac: Foreclosure Activity Falls For The Second Straight Month, Drops To 30-Month Low
- 01/13/11 03:45 AM
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 … (2 comments)
realty trac: Foreclosure Activity Plunges (But With An Asterisk)
- 12/21/10 04:04 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)
realty trac: October 2010 : 5 States Account For Half Of The Nation's Foreclosure Activity
- 11/12/10 06:41 AM
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)
realty trac: Foreclosure Activity By Metro Area, Q3 2010
- 10/29/10 06:46 AM
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 … (1 comments)
realty trac: Bank Reposessions Top 100,000 In A Month For The First Time Ever
- 10/14/10 05:38 AM
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 … (1 comments)
realty trac: Home Defaults Dropped For The 7th Month In A Row In August
- 09/16/10 05:53 AM
According to foreclosure-tracking firm RealtyTrac, the number of foreclosure filings climbed 4 percent in August from the month prior. A foreclosure filing is defined as default notice, scheduled auction, or bank repossession. Despite the number of filings surpassing 300,000 for the 18th straight month, RealtyTrac's report shows some bright spots for housing. The number of default notices served per month fell for the 7th time this year Foreclosure activity in Nevada, the nation's leading foreclosure state, is down 25% from last August Foreclosure activity has not materially increased since early-2009, pointing to a stabilization In addition, each of the 10 … (0 comments)
realty trac: How Big Is The Foreclosure Market? It Depends On Where You Live, Of Course.
- 08/12/10 08:11 AM
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 … (0 comments)
realty trac: Foreclosure Activity Slows Again In June 2010
- 07/15/10 04:56 AM
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 … (1 comments)
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Foreclosure activity is much slower this year than last.
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