5 Articles match "2005","2008","Detroit"

• The Best from RealtyTrac

  MORE

• A Small Silver Lining in Q1 Foreclosure Storm
  
  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. The notable exceptions included Detroit — a longtime posterchild for the foreclosure meltdown — and Philadelphia, along with a few other Pennsylvania metro areas. On the other hand, those exceptions could just turn out to be a source of false hope, perpetuated in part by short-term foreclosure solutions that are about as effective as a five-gallon bailing bucket on the sinking Titanic.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• 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
  READ MORE
• 2006 Foreclosure Filings Surpass 1.2 Million
  
  million foreclosure filings were reported nationwide during 2006, up 42 percent from 2005 and a foreclosure rate of one foreclosure filing for every 92 households, according to the RealtyTrac 2006 U.S. The number of total foreclosure filings rose from about 885,000 in 2005 to 1,259,118 in 2006. Detroit’s 40,219 foreclosure filings in 2006 represented nearly 5 percent of the More than 1.2 Foreclosure Market Report released yesterday.
  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 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
  
  Moreover, sales of California homes are expected to sink 23 percent this year compared to 2005 and fall another 7 percent next year. and Detroit. The Realtor group also forecast a spike in foreclosures activity next year. LONG BEACH, Calif. — 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.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE