All Posts Tagged With: "2010"
July Foreclosure Numbers Show Continued Weakness
The latest foreclosure numbers show some improvement in the marketplace, but not enough to suggest the housing crisis is over.
RealtyTrac reports for July that foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 325,229 properties in July, a nearly 4 percent increase from the previous month but a nearly 10 [...]
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 [...]
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 [...]
First-Time Home Buyer Credit Still On For Vets
While the tax credit for first-time home buyers and sellers largely ended in April, the credit actually continues for active-duty military personnel until April 30, 2011, something that could be important for VA loan borrowers and veteran sellers.
The $8,000 tax credit (along with its $6,500 companion credit for existing homeowners) spurred an uptick in sales [...]
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, [...]
Metro Foreclosures Down in 1st Quarter 2010
RealtyTrac reports that foreclosure activity declined on a year-over-year basis in 14 of the cities in the top 20 and in eight of the cities in the top 10.
Cities in California, Florida, Nevada and Arizona once again accounted for all top 20 foreclosure rates in the first quarter among metropolitan areas with a population [...]
Foreclosure Tide Shows No Ebb — Nearly 1 Million Filings In First Quarter
Despite a massive mortgage modification effort by the federal government, foreclosure numbers are up for the first quarter of 2010 according to RealtyTrac. The company reports that during the first three months of the year 932,234 properties received foreclosure filings of some sort — default notices, scheduled auctions and bank repossessions. That’s up 16 percent [...]
15Apr2010 | Peter G. Miller | 0 comments | Continued
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
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