4 Articles match "2005","2007","Detroit"

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Realtors '07 Forecast Looks Promising for Future Foreclosure Activity
If California’s economic indicators stay at their present course, 2007 should be a very good year for investing and purchasing foreclosure properties at bargain prices. The CAR forecast also calls for a 2 percent drop in the state’s median home price next year from a projected median price of $561,000 for 2006, down to a projected median of $550,000 in 2007 — a stark contrast to a year ago when most forecasters were predicting a soft landing and few were expecting prices to fall and sales to plunge. LONG BEACH, Calif. — At Wednesday’s Opening Session of California Realtor EXPO
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Home Price Appreciation Stays Sluggish
percent from the fourth quarter of 2005 — down from the 7.9 Not coincidentally, Michigan documented the nation’s second highest foreclosure rate in January 2007, according to RealtyTrac’s U.S Detroit, Reno, Nev., An index issued Thursday suggests the nation’s sputtering housing market is running low on the fuel it needs to accelerate — price appreciation. The Office of Federal Housing Enterprise Oversight’s House Price Index for the fourth quarter of 2006 shows home prices were up 1.1
www.foreclosurepulse.com - Tuesday, December 16, 2008
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A Small Silver Lining in Q1 Foreclosure Storm
The notable exceptions included Detroit — a longtime posterchild for the foreclosure meltdown — and Philadelphia, along with a few other Pennsylvania metro areas. Foreclosure activity in Detroit was down nearly 4 percent from the first quarter of 2007, although the citys foreclosure rate still ranked No. Dispatches from Detroit indicate that free-market forces may be the catalyst. While foreclosure activity in the first quarter of 2008 was up on a year-over-year basis in 90 percent of the nations 100 largest metropolitan areas, according to the RealtyTrac Q1 report issued today, there were a few notable exceptions that could prove to be a harbinger of hope for the nations battered housing market.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Make Food, Not Foreclosures
    Just like it was in 2007, Wayne County has been a hotbed of foreclosure activity in Michigan so far in 2008. Similar to other parts of the nation’s Rust Belt, the county’s real estate market — particularly Detroit — is suffering. The pilot program would start with 20 plots, with the City of Detroit donating the water. A non-profit group has launched a program to turn former foreclosures into farmland. National Public Radio is reporting that the non-profit group Urban Farming requested that Wayne County, Mich.,
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • A Small Silver Lining in Q1 Foreclosure Storm
    The notable exceptions included Detroit — a longtime posterchild for the foreclosure meltdown — and Philadelphia, along with a few other Pennsylvania metro areas. Foreclosure activity in Detroit was down nearly 4 percent from the first quarter of 2007, although the citys foreclosure rate still ranked No. Dispatches from Detroit indicate that free-market forces may be the catalyst. While foreclosure activity in the first quarter of 2008 was up on a year-over-year basis in 90 percent of the nations 100 largest metropolitan areas, according to the RealtyTrac Q1 report issued today, there were a few notable exceptions that could prove to be a harbinger of hope for the nations battered housing market.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Home Price Appreciation Stays Sluggish
    percent from the fourth quarter of 2005 — down from the 7.9 Not coincidentally, Michigan documented the nation’s second highest foreclosure rate in January 2007, according to RealtyTrac’s U.S Detroit, Reno, Nev., An index issued Thursday suggests the nation’s sputtering housing market is running low on the fuel it needs to accelerate — price appreciation. The Office of Federal Housing Enterprise Oversight’s House Price Index for the fourth quarter of 2006 shows home prices were up 1.1
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Realtors '07 Forecast Looks Promising for Future Foreclosure Activity
    If California’s economic indicators stay at their present course, 2007 should be a very good year for investing and purchasing foreclosure properties at bargain prices. The CAR forecast also calls for a 2 percent drop in the state’s median home price next year from a projected median price of $561,000 for 2006, down to a projected median of $550,000 in 2007 — a stark contrast to a year ago when most forecasters were predicting a soft landing and few were expecting prices to fall and sales to plunge. LONG BEACH, Calif. — At Wednesday’s Opening Session of California Realtor EXPO
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE