8 Articles match "2006","Florida","Sales"

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• Florida Homeowners Overconfident Despite Foreclosures?
  
  Results of a new study released last week by Attorneys Title Insurance Fund (The Fund) suggests that Florida homeowners are feeling pretty good nowadays about the value of their homes and the potential for those values to rise further in the future. Their least concern: falling victim to mortgage fraud -- even though the survey says that Florida is the top state in the nation for such fraud (something that is, unfortunately, always associated with real estate investors working in the foreclosure arena). Their biggest concern: being hit by a hurricane. Between those two extremes,
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Realtors '07 Forecast Looks Promising for Future Foreclosure Activity
  
  At Wednesday’s Opening Session of California Realtor EXPO 2006, Leslie Appleton-Young, Chief Economist for the California Association of Realtors, presented her housing forecast for next year , calling for the state’s median home price to drop for the first time in 10 years and the pace of home sales to continue to decrease. 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
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Housing glut gives foreclosure buyers and investors advantage
  
  Home prices and sales plunge Sales of existing single-family homes declined in 40 states and in half of the nation’s biggest metropolitan areas in the last three months of 2006, according to the National Association of Realtors . The biggest declines were in Florida-Sarasota-Bradenton (down 18 percent), Palm Bay-Melbourne (17 percent) and Cape Coral-Fort Myers (12 percent). Storm clouds are gathering over the nation’s battered housing market. Depending on whom you ask, the forecast calls for either thunderstorms or gale force hurricane winds.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• FBI: Mortgage Fraud Begets Foreclosure
  
  The FBI recently came out with its 2006 Mortgage Fraud Report , which somewhat anticlimactically concludes that there is “a strong correlation between mortgage fraud and loans which result in default or foreclosure.” The correlation is apparent in the report’s list of the top states for mortgage fraud: California, Florida, Georgia, Illinois, Indiana, Michigan, New York, Ohio, Texas, and Utah. Six of those states also appeared in RealtyTrac’s list of states with the highest foreclosure rates in 2006. The FBI also lists Arizona, Colorado, Maryland, Minnesota, Missouri, Nevada,
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosure Filings Soar 90 Percent
  
  Saccacio, chief executive officer of RealtyTrac, said a jump in foreclosures at a time of year that traditionally is the busiest for home sales means the slide in prices probably isn't over. “Such strong activity in the midst of the typical spring buying season could foreshadow even higher foreclosure levels later in the year,” said Saccacio. “Certainly percent, down 11 basis points from the previous quarter, but up 43 basis points from the first quarter of 2006. A growing number of American homeowners across the country are getting foreclosure notices, according to new data released this week by RealtyTrac.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• High-End Foreclosures Rising Among Top Tier Homes
  
  The rising trend of prime delinquencies among the wealthy poses a new threat to a battered housing market, which McCabe and others specialists claim is in a recession or heading towards one. “The next two years are going to be pretty ugly in South Florida,” predicted McCabe, saying that Florida real estate will drop by another 10 to 15 percent in 2009 and the market will flatten by 2010. Already, there’s a glut of McMansions in the $500,000 to $1 million range that have been foreclosed by lenders — and many more are falling into foreclosure, according to an analysis of RealtyTrac
  www.realtytrac.com - Tuesday, February 3, 2009
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• 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. The year-over-year increase in bank repossessions was even more dramatic in some
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• As Home Prices Plummet, When Will You Buy?
  
  percent from their peak in July 2006. "There quot; And while modest appreciation could resume in late 2009, prices won't be back to their 2006 peak until at least 2016, possibly as late as 2020 in some markets, according to Shulman. (More The estimates ranged from 25 to 40 percent from peak to trough, but all the economists thought prices could overshoot going down (as they did going up) and could be down as much as 55 percent in parts of Southern California. Home prices in 20 of the nation's major metro areas in July were collectively down 16.3
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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