Today,the U.S. Department of Housing and Urban Development and U.S. Census Bureau released new home sales data for December 2011 showing a decrease of 2.2 percent from the month before,and a decrease of 7.3 percent from a year ago. The seasonally-adjusted new home sales rate for December was 307,000 homes,down from an [...]
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 | Foreclosure Price 34 Percent Below Average Price of Non-Foreclosures RealtyTrac,today released its third-quarter 2011 U.S. Foreclosure Sales Report,which shows that sales of homes that were in some stage of foreclosure or bank owned accounted for 20 percent of all U.S. residential sales in the third quarter of 2011,down from 22 percent of all sales in the second quarter and down from 30 percent of all sales in the third quarter of 2010. [...] This morning,RealtyTrac released their U.S. Foreclosure Market Report for October 2011 which shows that foreclosure filings (default notices,scheduled auctions and bank repossessions) we’re reported on 224,394 properties in the U.S. during the month,a three percent increase from the previous month and a decrease of 14 percent from the year before. During the month,1 out of every 579 homes in the U.S. had a foreclosure filing. [...] This morning,RealtyTrac released their U.S. Foreclosure Market Report for 3rd quarter 2011 which shows that foreclosure filings (default notices,scheduled auctions and bank repossessions) we’re reported on 610,337 properties in the U.S. during the quarter,a very slight (less than 1 percent0 increase from the previous quarter but a decrease of over 34 percent from the year before. During the quarter,1 out of every 213 homes in the U.S. had a foreclosure filing. [...] This morning,RealtyTrac released their U.S. Foreclosure Market Report for August 2011 which shows that foreclosure filings (default notices,scheduled auctions and bank repossessions) we’re reported on 228,098 properties in the U.S. in August,a 7 percent increase from the previous month but a decrease of almost 33 percent from the year [...] Ah,some good news! RealtyTrac released their foreclosure report for July this morning showing a total of 212,764 U.S. properties received foreclosure filings (default notices,scheduled foreclosures and bank REO’s) during the month,a 4 percent decrease from the prior month and a 35 percent decrease from July 2010. This is the lowest [...] RealtyTrac released their Midyear 2011 Metro foreclosure report showing that foreclosure activity decreased on a year-over-year basis in 178 out of the nation’s largest 211 metropolitan areas which is some much needed good news! [...] RealtyTrac released their Midyear 2011 foreclosure report this morning showing a total of 1,170,402 U.S. properties received foreclosure filings (default notices,scheduled foreclosures and bank REO’s) in the first six months of 2011,a 25 percent decrease from the prior six months and a 29 percent decrease from the first half of 2010. [...] RealtyTrac released their foreclosure report this morning for May 2011 which shows foreclosure filings (default notices,scheduled foreclosures and bank REO’s) were reported on 214,927 homes in May which is a 2 percent decrease from the month before and a 33 percent decrease from May 2010. [...] RealtyTrac released their foreclosure report this morning for the first quarter of 2011 showing that foreclosure homes (sales of bank-owned homes and those in some stage of foreclosure) accounted for 28 percent of all U.S. residential sales during the quarter. This is up slightly from 27 percent the prior quarter and the highest percentage [...] According to a survey conducted by Harris Interactive® on behalf of Trulia and RealtyTrac,45 percent of American adults say the government is not doing enough to prevent foreclosures. Only 17 percent think the government is doing too much and 16 percent say just the right amount is being done. [...] The U.S. foreclosure rate for April 2011 declined 9 percent from the month before and 34 percent from the year before,according to a report released by RealtyTrac this morning. This marks the seventh-consecutive month the foreclosure rate decreased on a year-over-year basis and brings the foreclosure rate to a 40-month low. [...] The 800 pound gorilla in the room has finally lost some weight! RealtyTrac released their foreclosure report for the first quarter of 2011 which shows foreclosure filings were reported on 681,153 U.S. properties during the quarter,a 15 percent decrease from the previous quarter and a 27 percent decrease from the first quarter of [...] RealtyTrac just released their foreclosure report for February 2010 showing foreclosure activity decreased 14 percent from the month before,and decreased 27 percent from the year before. This is good news,but before we start to think the worst is over and this downward trend in foreclosures will continue,we need to look at [...] RealtyTrac released their foreclosure report for 2010 showing that foreclosure homes accounted for nearly 26 percent of all U.S. residential sales during the year. This is down from 2009 when 29 percent of all sales were foreclosure homes. [...] RealtyTrac released their foreclosure report for January 2011 showing there were foreclosure filings in January on 261,333 U.S. properties,a 1 percent increase from December but a 17 percent decrease from January 2010. [...] RealtyTrac released their foreclosure report for 2010 which showed some mixed results. During 2010 there were 2,871,891 foreclosure filings in the U.S.,an increase of 1.67 percent from 2009. However the metro areas with the 10 highest foreclosure rates all saw decreases in foreclosure filings in 2010 from the year before,in fact six [...] Dennis Norman According to a report just released by RealtyTrac® foreclosures increased in the third quarter of 2010,although with a slowing rate of increase. There were 930,437 foreclosure filings in the third quarter,up almost 4 percent from the 2nd quarter but up only 1 percent from the year before. One in every [...] Dennis Norman When I first entered the real estate business in 1979,at the age of 18 which seems so long ago) foreclosures were a mystery to most people and certainly no one looking for a home to live in looked to buy a foreclosure. Homes that were being foreclosed upon were advertised in [...] Dennis Norman I remember,not that long ago,when 300,000 foreclosures in a month would have seemed unreal. However,July now marks the 17th consecutive month that there have been foreclosure filings exceeding 300,000 for the month. [...] Dennis Norman According to a report released this morning by RealtyTrac there were 1,961,894 foreclosure filings in the first six months of 2010 on 1,654,634 housing units in the U.S. This reflects a 5 percent decrease from foreclosure activity for the prior 6 month period but is an 8 percent increase from the same [...] Dennis Norman Average discount on Foreclosure and Bank-Owned Homes is 27 Percent This morning RealtyTrac released a report stating that 31 percent of all residential sales in the first quarter of 2010 were foreclosure homes or bank-owned homes. They are reporting 233,000 foreclosure and bank-owned homes sold during first quarter 2010 at an average [...] Dennis Norman The good news is,foreclosure activity for the U.S. in May decreased by 3 percent according to a report released by RealtyTrac. The bad news is,May marked the 15 th consecutive month where the overall foreclosure activity has surpassed 300,000 actions;that’s about 4 million foreclosures in the past 15 months. [...] RealtyTrac® released its U.S. Foreclosure Market Report™ for April 2010,which shows foreclosure filings —default notices,scheduled auctions and bank repossessions —were reported on 333,837 U.S. properties during the month of April,a decrease of 9 percent from the month before and a 2 percent decrease from April,2009. This is welcomed news [...] RealtyTrac® released its U.S. Foreclosure Market Report™ for the first quarter of 2010,which shows foreclosure filings —default notices,scheduled auctions and bank repossessions —were reported on 932,234 U.S. properties during the first quarter of 2010,an increase of 16 percent from the first quarter of 2009 (which,I should remind you,was [...] For the 12th Straight Month over 300,000 properties received a foreclosure filing in February; RealtyTrac® released its February 2010 U.S. Foreclosure Market Report™,which shows foreclosure filings —default notices,scheduled auctions and bank repossessions —were reported on 308,524 U.S. properties during the month of February,a decrease of 2 percent from the previous month but still 6 [...] Dennis Norman This morning RealtyTrac® released its U.S. Foreclosure Market Reporttmfor the third quarter of 2009,which shows that foreclosure filings (default notices,scheduled auctions and bank repossessions) were reported on 937,840 properties in the third quarter which represents a 5 percent increase from the prior quarter and an increase of almost 23 percent [...] | ||||
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