All Posts Tagged With: "RealtyTrac"
RealtyTrac: Foreclosure Activity Down For Eighth Month
For the eighth month in a row foreclosure activity has fallen on an annualized basis. The numbers for May, according to RealtyTrac, show that foreclosure filings — default notices, scheduled auctions and bank repossessions — were down 2 percent compared to April and 33 percent lower than a year ago. The catch? Well there are a [...]
16Jun2011 | Peter G. Miller | 0 comments | Continued
Foreclosed Homes for Less Than $100,000
The latest quarterly figures are in and it’s not great news on the real estate front: According to RealtyTrac, distressed real estate accounts for 28 percent of all existing home sales in the first quarter. No less important, the typical foreclosure discount was 27 percent lower than homes not in foreclosure. Combine falling home prices [...]
27May2011 | Peter G. Miller | 1 comment | Continued
Robo-signing scandal leads to 27% foreclosure drop in 1st quarter
Foreclosure activity continued to fall, with filings dropping 27 percent in the first quarter when compared with a year earlier according to RealtyTrac. RealtyTrac said that first quarter foreclosure filings — default notices, scheduled auctions and bank repossessions — impacted 681,153 U.S. properties. The report also shows one in every 191 U.S. housing units nationwide [...]
14Apr2011 | Peter G. Miller | 0 comments | Continued
Foreclosure filings fall, hit false bottom
Foreclosure filings in February dropped to the lowest level seen in three years according to RealtyTrac, the biggest year-over-year decrease since the company began issuing its report in 2005. The report also shows one in every 577 U.S. housing units with a foreclosure filing during the month RealtyTrac reported that foreclosure filings for February — default [...]
10Mar2011 | Peter G. Miller | 2 comments | Continued
Foreclosure discount grows: RealtyTrac
Foreclosure sales continue to hold down prices nationwide, even though filings have declined. The latest numbers from RealtyTrac (www.realtytrac.com) show that foreclosed homes accounted for nearly 26 percent of all U.S. residential home sales last year. Typical prices for such distressed properties were 28 percent below the average sales price of properties not in the foreclosure [...]
24Feb2011 | Peter G. Miller | 0 comments | Continued
Real Estate Seer: Renting In, Mortgages & Foreclosures Out
In the decades since World War II real estate prices rose with enormous consistency but now the oomph is gone. Most people are better off renting than owning, says Patrick Killelea. For him, and for millions of others, the path to financial security no longer includes real estate ownership, mortgages or the possibility of foreclosure. [...]
15Feb2011 | Peter G. Miller | 10 comments | Continued
Robo-signing scandal slows mortgage loan foreclosures
For the third time in three months foreclosure filings fell below the 300,000 mark. While this may sound like good news, it’s actually a by-product of the ongoing robo-signing scandal. “We’ve now seen three straight months with fewer than 300,000 properties receiving foreclosure filings, following 20 straight months where the total exceeded 300,000,” said James [...]
10Feb2011 | 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
Foreclosure discount now 32% — have home values hit bottom?
Foreclosed properties now represent 25 percent of all home sales nationwide, properties which are selling at a 32-percent discount according to the latest report from RealtyTrac. The problem represented by distressed properties is that they hold down the values of nearby homes. If a house down the street is selling for a third off, or [...]
2Dec2010 | Peter G. Miller | 0 comments | Continued
Foreclosures Continue To Batter Major Metro Areas
Once again cities in California, Florida, Nevada and Arizona lead the league when it comes to metro foreclosures, according to the latest figures for the third quarter from RealtyTrac.com. California, Florida, Nevada and Arizona cities also accounted for 19 of the top 20 metro foreclosure rates. The only exception was Boise City-Nampa, Idaho at No. [...]
28Oct2010 | Caroline H. Tucker | 0 comments | Continued
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