8 Articles match "2005","Michigan","Rate"

• The Best from RealtyTrac

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• Appreciation Rates Foreshadow Foreclosures
  
  percent from the third quarter of 2005, down from a 10.06 Michigan home prices declined 0.6 percent from the third quarter of 2005, making Michigan the first state to report a year-over-year decline in more than six years. Several of the states with the 10 lowest appreciation rates also posted foreclosure rates among the nation’s 10 highest in the third quarter, according to the RealtyTrac U.S. Third-quarter house price appreciation figures released last week by the Office of Federal Housing Enterprise Oversight provide more evidence of a cooling real estate market and further foreshadowing of a continued rise in foreclosures — all pointing to more opportunities for real estate investors to buy low.
  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 For the second consecutive quarter Michigan’s home price appreciation declined on a year-over-year basis, dropping 0.4 Not coincidentally, Michigan documented the nation’s second highest foreclosure rate in January 2007, according to RealtyTrac’s U.S 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
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• 1 Million Foreclosures and Counting
  
  The report shows a foreclosure rate of one new foreclosure filing for every 1,001 U.S. households — up 3 percent from September and 42 percent from October 2005. Colorado and Nevada once again posted the nation’s two highest foreclosure rates thanks to increasing foreclosures in both of those states. Georgia, Michigan, Illinois, Foreclosures filings for the year surpassed the 1 million mark in October, when 115,568 foreclosure documents were recorded nationwide, according to the RealtyTrac U.S. Foreclosure Market Report , released today.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosures Don't Back Down in September
  
  RealtyTrac’s monthly foreclosure report shows 112,210 properties entering some stage of foreclosure during September, a decrease of less than 1 percent from August but an increase of more than 63 percent from September 2005. September’s foreclosure rate of one new foreclosure filing for every 1,030 households was the third highest monthly foreclosure rate year to date, behind only the foreclosure rates reported in August and February. Foreclosure activity in September didn’t back down much from the jump reported in the previous month, RealtyTrac reported today.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• MBA Survey Confirms Q1 Foreclosure Surge
  
  That closely mirrored the trend in MBA’s foreclosure rate, which put the percentage of loans in the foreclosure process at 2.47 percent reported in the first quarter of 2007. The trend lines are even closer when looking at the RealtyTrac first quarter foreclosure rate (0.515 percent of total housing units with a foreclosure filing during the quarter), which was up 21 percent from the fourth quarter of 2007 — exactly the same percentage increase as the MBA foreclosure rate — and up 109 percent from the first quarter of 2007. The first quarter MBA National Delinquency Survey released today largely supports the findings of the RealtyTrac Q1 2008 U.S.
  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. In fact it’s had one of the highest county foreclosure rates in the state for a long time. Urban Farming has been doing this around the country since it was founded in 2005. 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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• BK' Doesn't Stand for Burger King
  
  Back in the early 1990s, in addition to double-digit interest rates, high unemployment and a flood of foreclosures on the market, another telltale sign that we were in a recession was an abundance of personal bankruptcies — especially Chapter 7 which wiped out all of a debtor’s unsecured debt. The federal government clamped down on that “loophole” with the passage of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. The only kind of whopper a person with this kind of ‘BK’ is going to get is a whopper of a headache. In this, the legal sense for the abbreviation, we’re
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• July Foreclosure Report
  
  It is not hard to imagine what will happen when the interest rate increases and unemployment shoot the high level. Lots of investors and speculators bought here, resulting in massive increases in value in 2004 and 2005. Oil prices causing Big Three to perhaps collapse, and ripple effects in economy of Michigan alone could crash the entire U.S. U.S. foreclosure activity in July increased 8 percent from the previous month and 55 percent from July 2007, according to the RealtyTrac Foreclosure Market Report released today. View state-by-state details .
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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