All Posts Tagged With: "2007"
Foreclosure Filings Off Nearly 30%, RealtyTrac
On paper at least foreclosure filings fell nearly 30 percent in 2011 according to year-end figures from RealtyTrac, the nation’s leading source of foreclosure listings and data. But the new numbers tell only part of the story. What they really demonstrate is that millions of homes remain distressed and that the foreclosure process itself continues [...]
12Jan2012 | Peter G. Miller | 0 comments | Continued
US Home Prices Down 16.5% From Peak
In what has become an unrelenting story, American home prices continue to decline. According to the Federal Housing Finance Agency, January home prices were off 0.3 percent from December and 16.5 percent from the April 2007 peak. The monthly figures should be seen as not especially meaningful as they can be impacted by factors as [...]
22Mar2011 | Peter G. Miller | 0 comments | Continued
2.9 million properties faced foreclosure in 2010, new record says RealtyTrac
To paraphrase Charles Dickens, it was the worst of times, it was, well, it really was the worst of times. Figures from RealtyTrac show that 2,871,891 U.S. properties received foreclose filings in 2010, a record and an increase of nearly 2 percent from 2009 and up 23 percent when compared with 2008. The final figures [...]
13Jan2011 | Peter G. Miller | 0 comments | Continued
HUD Dumps FHA 90-Day Anti-Flipping Rule
Starting February 1st, HUD is suspending the FHA‘s 90-day anti-flipping rule for one year. This is a smart idea which should increase local home sales, help investors and create additional real estate demand (because more FHA financing will be available). The New Rule HUD says that under the new rule homes sold within the past [...]
19Jan2010 | Peter G. Miller | 1 comment | Continued
Foreclosure Filings Near 4 Million In 2009, Worst Since Depression
With the worst results in recent history, year-end figures from RealtyTrac.com show that 3,957,643 foreclosure filings — default notices, scheduled foreclosure auctions and bank repossessions — were reported on 2,824,674 U.S. properties in 2009. The 2009 total is 21 percent higher than 2008, itself a record year. The bloated foreclosure numbers are in large measure [...]
14Jan2010 | Peter G. Miller | 0 comments | Continued
No Predatory Lending In 2008?
The FBI is out with its latest annual mortgage fraud tally and the news is fairly grim: Despite a reduction in loan originations, fraud filings from financial institutions increased 36 percent to 63,713 in fiscal 2008 compared to 46,717 filings a year earlier. This is an unhappy statistic, but it does not tell the whole [...]
8Jul2009 | Peter G. Miller | 0 comments | Continued
Mega Homes Versus Real Estate Sanity
According to the National Association of Home Builders, a home built in 1950 usually had 700 to 1,200 square feet while in 2007, says the association, the typical new home averaged 2,479 square feet. Bigger homes, of course, require more dollars to buy, finance, refinance, insure, heat, air condition, and carpet. The equation is bigger [...]
17Sep2008 | Peter G. Miller | 1 comment | Continued
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