All Posts Tagged With: "2009"
Foreclosures Rise In Most Metro Areas
Foreclosures continue to plague American cities. The latest data from RealtyTrac shows that shows 154 of the 206 U.S. metropolitan areas with a population of 200,000 or more posted year-over-year increases in foreclosure activity even while foreclosure activity decreased in nine of the 10 metros with the highest foreclosure rates.
Four states — Florida, California, Nevada and [...]
Foreclosure Trends Show Little Love In 2010
Foreclosure filings dropped 7 percent in June when compared with a year ago, but that’s good news only in a relative sense. Once again, foreclosure filings topped 300,000 in a single month. According to RealtyTrac June was the 16th month in a row we’ve seen such a high level of foreclosure activity.
Other results from RealtyTrac [...]
American Homes Keep Getting Bigger
HUD has come out with a new housing survey and not surprisingly it finds that “U.S. homes today are bigger with more bedrooms and bathrooms than 1973.”
HUD’s 2009 American Housing Survey (AHS) also tells us that most families with young children live within a mile of a public elementary school. The most common home heating [...]
Quarterly Foreclosures Down 33% From 2009
Foreclosure activity in the first quarter was down 33% when compared with a year ago but huge discounts remain with pre-foreclosure (14.77%), foreclosure (26.7%) and lender-owned properties (34.04%), according to RealtyTrac.
The RealtyTrac numbers — which are used by HUD as part of its monthly housing scorecard — show that savvy buyers are purchasing large [...]
Foreclosures Level Out, Still Top 300,000 Per Month
It’s one of those good news/bad news deals. RealtyTrac reports that for the month of May foreclosure filings rose less than 1 percent when compared with the same period last year. The bad news: Foreclosure filings were sent to 322,920 properties.
“The numbers in May continued and confirmed the trends we noticed in April: overall foreclosure [...]
Mortgage Originations Tumble In 2010 First Quarter
Mortgage originations continue to decline, falling 28% in the first quarter of 2010 when compared with a year earlier, according to MortgageDaily.com.
Among the biggest lenders, the site reported that “MetLife Inc’s 41% decline was the biggest of the lenders analyzed, moving it out of the top-10 club. Also losing its top-10 title was Flagstar Bank, [...]
Foreclosure Filings Rise For 50th Straight Month
Tough weather in many states as well as loan modification programs are believed to have held down foreclosure filings in February, according to the latest report by RealtyTrac®, the leading online marketplace for foreclosure properties. Even so, foreclosure filings for the month included 308,524 default notices, scheduled auctions and bank repossessions nationwide — a total [...]
11Mar2010 | Peter G. Miller | 0 comments | Continued
2009 Metro Foreclosures Show Spreading Problems
The nation’s metro-area foreclosures continue to be concentrated in California, Florida, Nevada and Arizona — but homeowner losses are spreading to other cities as well. On the good side, a number of metro areas show declining foreclosure rates.
Figures for 2009 by RealtyTrac, the leading online marketplace for foreclosure properties, show that of the 20 metro [...]
2009 Home Sales Up, But Values Down
Real estate sales reached nearly 5.2 million in 2009, up 4.9 percent from 2008 according to the National Association of Realtors. The increase was the first annual rise since 2005.
In terms of prices, NAR says for all of 2009, the median price for a single-family existing home was $173,200, down 11.9 percent from 2008. This [...]
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 a [...]
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