Tag Archives: foreclosures

US Foreclosures drop 2% in June to Lowest Level Since June 2006

RealtyTrac®  released its Midyear 2014 U.S. Foreclosure Market Report™ on July 17th, which shows a total of 613,874 U.S. properties with foreclosure filings — default notices, scheduled auctions and bank repossessions — in the first half of 2014, a 19 percent decrease from the previous six months and down 23 percent from the first half […]

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 […]

Foreclosures at Five Year Low

RealtyTrac®, today released its U.S. Foreclosure Market Report™ for September and the third quarter of 2012, showing foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 180,427 U.S. properties in September, a decrease of 7 percent from the previous month and down 16 percent from September 2011. September’s total was the […]

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 — […]

Foreclosures Up in May from April, But Down from May 2011

RealtyTrac (www.realtytrac.com) reports that foreclosures rose 9% from April to May 2012 but were down 4% compared to May 2011. Overall foreclosure filings — defaults, scheduled auctions and bank repossessions — numbered 206,000 or one in every 639 homes in the US for the month of May.  The process of working down the inventory continues. […]

Consumers’ Financial Condition

Reports today from the New York Federal Reserve and RealtyTrac shed some new light on consumers’ financial conditions and mortgages. Improvements continue for consumers in the mortgage market; the one weak spot in the NY Fed report was student loans. The NY Fed reports that some 291,000 individuals had foreclosure notations on their credit reports […]

Quarter of all 4th Quarter Home Sales Were in Foreclosure

Realty Trac’s 2011 Foreclosure sales report reveals that 24% of home sales in the 2011 4th quarter were in some stage of foreclosure or bank-owned properties.  These sales totaled 204,000, down 8% from the third quarter and down 2% from the 2010 fourth quarter. For all of 2011, foreclosure and bank-owned sales totaled 907,100, down 2% […]

Ben Bernanke on Housing

Ben Bernanke, Chairman of the Federal Reserve, spoke to the National Association of Home Builders meeting in Orlando, FL today.   Housing continues to face difficulties and is a key factor in the currently weak and disappointing economic recovery.  Bernanke pointed to too much supply in housing due to vacancies and continued foreclosures across the country.  […]

Foreclosures Continue to Decline

RealtyTrac reports that foreclosure activity across the US in December and the full year 2011 dropped sharply. Foreclosure filings in 2011 totaled 2.7 million, down 34% from 2010 and 33% below 2009 and 19% below 2008.  Overall 1.45% of US homes experienced a foreclosure filing, about one in every 69 houses. Comparable percentages for earlier […]

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