Category Archives: Foreclosures, Shadow Inventory

September Foreclosure Activity Down 27% From Year Ago, 36th Month With Annual Declines

RealtyTrac® (www.realtytrac.com) released its U.S. Foreclosure Market Report™ for September and the third quarter of 2013, on October 11th. Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 131,232 U.S. properties in September, a 2 percent increase from the previous month but a 27 percent decrease from a year ago. […]

Cities Performance and Institutional Buying

The rebound from the lows for four of the 20 citites in  the S&P/Case-Shiller Home Price Indices standout — Phoenix, Las Vegas, Detroit and San Francisco. (see the right hand column in the table). All have bounced back by 25% or more.  While the price gains are certainly welcome news for home owners (and a […]

Housing Finance Agencies Fared Better Than States In The Recession

U.S. states have proven to be a very strong municipal sector. Standard & Poor’s Ratings Services’ median state rating is ‘AA+’ and ratings have trended higher during the past 40 years. The ability of states to increase revenue through taxation and fees, the economic diversification they have in comparison with localities, and the proactive response […]

Foreclosures Not All Behind Us

RealtyTrac® (www.realtytrac.com),  released its first-ever U.S. Foreclosure Inventory Analysis on March 28th 2013. The report shows nearly 1.5 million U.S. properties were actively in the foreclosure process or bank-owned (REO) in the first quarter of 2013, up 9 percent from the first quarter of 2012 but still down 32 percent from the peak of 2.2 […]

Rebounding Foreclosures Threaten Home Price Gains in One-Third of Major Metros

Last week’s S&P/Case-Shiller Home Price Indices report showed strong positive gains in home prices, but those positive gains are threatened by rebounding foreclosure activity in about one-third of the 20 markets tracked in the report. First the good news. Nineteen of the 20 metro areas tracked in the home price report registered positive year-over-year increases […]

Foreclosure, Short Sales 43% of US Residential Sales in 2012

RealtyTrac® (www.realtytrac.com), released its Q4 and Year-End 2012 U.S. Foreclosure & Short Sales Report™ on February 28th. The report  shows a total of 947,995 U.S. properties in some stage of foreclosure or bank-owned (REO) were sold during the year, a decrease of 6 percent from 2011 and down 11 percent from 2010.  These foreclosure-related sales accounted […]

Foreclosure Activity Slips in November

RealtyTrac® released its U.S. Foreclosure Market Report™ for November 2012 this week. The report shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 180,817 U.S. properties in November, a decrease of 3 percent from October and down 19 percent from November 2011 — marking the 26th consecutive month with an annual […]

RealtyTrac Second Quarter Foreclosure Report

RealtyTrac®  released its Q2 2012 U.S. Foreclosure Sales Report™ today, which shows that sales of homes that were in some stage of foreclosure or bank-owned (REO) accounted for 23 percent of all U.S. residential sales during the second quarter — up from 22 percent of all sales in the first quarter and up from 19 […]

Foreclosure Activity Increased Nationally in 2nd Quarter

Realty Trac reported second quarter and first half foreclosure activity today.  Although overall foreclosure activity was down in the second quarter, driven primarily by a drop in bank repossessions (REOs), the number of properties starting foreclosure during the second quarter, 311,010 nationally, was up  9% from the previous quarter and 6% from the second quarter of 2011 — […]

First-Quarter 2012 Shadow Inventory Update: National Liquidation Rates Moderate, While Regional Differences Widen

Standard & Poor’s Rating Services’ estimate for the time it will take to clear the supply of distressed homes, or the shadow inventory, on the U.S. market fell just one month to 46 months in the first quarter of 2012. While national residential mortgage liquidation rates appeared stable in the first quarter of 2012, these […]

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