10 Articles match "2005","California","Number of"

• The Best from RealtyTrac

  MORE

• Latest Census Data Suggest More Foreclosures Coming
  
  Will the thinly stretched finances of U.S. homeowners lead to a sharp rise in foreclosures and a collapse of the so-called housing bubble? Census Bureau , based on 2005 data, suggests that the American public is spending more of their disposable income on necessities — especially owner occupied and rental housing. Take San Diego, for example, where the median price A new report just released by the U.S. Depending on the city, if those costs increase any more than they already have, the end result could very well be seen on the RealtyTrac website.
  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. The 2006 total represents more than 1 percent of U.S. More than 1.2 Foreclosure Market Report released yesterday.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Short sales rising
  
  Scanning the Southern California Multiple Listing Service (MLS) last week, the one thing that stands out is the growing number of short sales. Today, approximately 10 percent of the listed properties are short sales. Short sales occur when home prices fall and mortgage debt exceeds the value of the property. Last year, you rarely saw the phrase “short sale” in the MLS property description. That indicates lenders are getting more eager to unload properties in foreclosure, even if it means selling them for less than is owed on the mortgage.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• A (Relatively) Few Bad Apples Spoil the Barrel
  
  Foreclosure Market Report issued today, the total number of properties with foreclosure activity in April reached the highest level on a monthly basis since RealtyTrac began issuing the report in January 2005. properties during the month -- certainly a big number, although only a tiny fraction of the nation's 126 million total housing units. According to the RealtyTrac U.S. Foreclosure filings were reported on 243,353 U.S.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• MBA Survey Confirms Q1 Foreclosure Surge
  
  The first quarter MBA National Delinquency Survey released today largely supports the findings of the RealtyTrac Q1 2008 U.S. Foreclosure Market Report released at the end of April, which found overall foreclosure activity increased 23 percent from the fourth quarter of 2007 and 112 percent from the first quarter of 2007. That closely mirrored the trend in MBA’s foreclosure rate, which put the percentage of loans in the percent at the end of the first quarter, up 21 percent from the 2.04 percent reported in the fourth quarter of 2007 and up
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Dealing With the Affordability Quandry
  
  In addition to real estate investors and agents, the RealtyTrac website can be a great help to first-time homebuyers looking for a way to get into a home at a price that is more affordable, even in areas where prices seem out of reach for most people. Especially in light of the new consumer index just announced by the California Association of REALTORS®. Affordability is the key here. Called the C.A.R.’s
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Foreclosures Won't Break the Market Next Year
  
  The ups and downs of every economic cycle have always been directly impacted by the health of the real estate sector. The severity of that impact, however, is open to discussion — depending, of course, on how you choose to massage the data to prove your point. Delivering the results of his research as part of an economists’ panel on the last day of California Realtor Expo 2006 in Long Beach last week, Christopher Cagan, Ph.D., Director of Research and Analytics for First American Real Estate Solutions, said that even with $1 trillion of adjustable-rate mortgages ready to reset to higher interest rates in both 2007 and 2008, he believes the number of defaults and foreclosures resulting from the increased mortgage payments will be “painful but won’t break the economy or the market.” Basing his comments on data collected on first mortgages — with an emphasis on those originated between 2004 and 2005 — Cagan said, “We have to figure out who has equity and who doesn’t.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Coastal Disasters = More Foreclosures?
  
  For anyone who has lived through a natural disaster, the recent tornadoes in Central Florida and the horrific aftermath left behind — approximately 1,500 structures destroyed and 20 people killed — brings back memories of more than just the great need for disaster relief from the federal government (FEMA). It also brings back bad memories of dealing with insurance companies and very slow claims service. It doesn’t matter if you’re living in Florida or California — coastal property is expensive and so are the insurance premiums that go with them. Back in 1994 something called
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Bank-Repossession Beat Continues in March
  
  And for the second month in a row, the number of bank repossessions, or REOs, was up more than 100 percent year over year. The implication: while significantly more homeowners are falling into foreclosure, there is an even bigger increase in the number of homeowners already in the process who are losing their homes to foreclosure — whether through the typical foreclosure sale mechanism or whether by pre-empting the public foreclosure sale through what is called a deed in lieu of foreclosure. In the latter case, the homeowner offers to convey ownership
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• A 'Dialogue' on the Housing Market
  
  Appearing on a recent episode of “Dialogue with Jim Doti”, RealtyTrac CEO James Saccacio cited a number of factors for the more than 60 percent year-to-year increase in foreclosure activity in September 2006. When I got into this business, back in 2000, defaults were about 1 percent of all first mortgages. While it’s not a large number, Chief among those — local economic conditions, poor planning for the future by home buyers, and rising interest rates. Now the stage is set.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE