17 Articles match "2006","Foreclosures","Nevada"

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High-End Foreclosures Rising Among Top Tier Homes
High-End Foreclosures Rising Among Top Tier Homes By Octavio Nuiry, RealtyTrac Staff Writer    Until now, the foreclosure crisis was confined to a narrow niche of middle-class urban communities and outer-rim new housing developments where first-time homeowners and real estate speculators benefited briefly from favorable financing. But increasingly there are signs that the foreclosure problem is spilling over into wealthier areas, where prime borrowers — and even high-end real estate developers — are rapidly falling behind on their
www.realtytrac.com - Tuesday, February 3, 2009
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Priced to Foreclose
A new report shows a strong correlation between slow home priceappreciation and high foreclosure rates, although its clear thecorrelation does not involve a direct cause-and-effect relationship. The Office of Federal Housing Enterprise Oversight (thank goodness for acronyms) on Thursday released home price appreciation statistics for the first quarter of 2006, which show that U.S. homes are appreciating at the slowest quarterly rate since the firstquarter of 2004. The OFHEO report ranks the 50 states and the District of Columbia basedon year-over-year home price appreciation.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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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. 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. LONG BEACH, Calif. — The CAR forecast also calls for a 2 percent drop in the state’s
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • 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. Foreclosure Market Report released yesterday. The number of total foreclosure filings rose from about 885,000 in 2005 More than 1.2 The 2006 total represents more than 1 percent of U.S.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Foreclosures Take a Spring Break
    Foreclosure activity dipped 1 percent in April after hitting a two-year high in March, but foreclosure filings were still up 62 percent from April 2006, according to the RealtyTrac U.S. Foreclosure Market Report released today. total of 147,708 foreclosure filings, which include default notices, auction sale notices and bank repossessions, were reported during A households. Nevada documented the highest state foreclosure rate for the fourth month in a row, with one foreclosure filing for every 232 households — more than three times the national average.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • U.S. Foreclosure Activity Dips in February
    Foreclosure Market Report today, and the report shows that U.S. foreclosure activity eased down 4 percent from the two-year high achieved in January. Still, the 130,786 foreclosure filings reported in February — one foreclosure filing for every 884 households — represented the second highest total reported since RealtyTrac began issuing the report in January 2005. RealtyTrac released its February U.S. February foreclosure activity was down 4 percent from January but up 12 percent from February 2006.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • 5 States = 55% of July Foreclosure Pie
    foreclosure filings in July, according to the RealtyTrac U.S. Foreclosure Market Report released today. The foreclosure filings tracked in the report are default notices, auction notices and bank repossessions. California reported the most foreclosure filings of any state, with 39,013. California, Florida, Michigan, Ohio and Georgia together accounted for 55 percent of all U.S. The states foreclosure activity was actually down a half a percent from the previous month but still up 289 percent from July 2006.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Foreclosures Begin 2007 at Two-Year High
    New foreclosure activity in January hit its highest level since RealtyTrac began issuing a national foreclosure report two years ago, with 130,511 new foreclosure filings reported during the month. That was up 19 percent from the previous month and up 25 percent from January 2006. After dominating the headlines with the highest state foreclosure rate for much of 2006, Colorado’s foreclosure rate dropped to fourth highest among the states thanks to a slight decrease in foreclosure activity in January. Nevada took the top spot with one new foreclosure filing for every 362 households.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Two Counts Show Foreclosure Activity Rising
    More than 925,000 foreclosure filings were reported on more than 573,000 properties in the first half of 2007, according to the RealtyTrac Midyear 2007 U.S. Foreclosure Market Report , released yesterday. The report marks the first time that RealtyTrac has included a count of unique property addresses in some stage of foreclosure. But whether you count by total foreclosure filings or number of properties affected by foreclosure, foreclosure activity is up more than 55 percent from the first half of 2006. “The The addition of this (property count) metric
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Foreclosures Exceed 100K for Fifth Month
    foreclosure activity dropped 9 percent in December, backing down from a November foreclosure total that was the year’s highest. But the 109,652 new foreclosure filings during the month still represented a 35 percent increase from December 2005 and marked the fifth consecutive month with a foreclosure total above 100,000, according to the RealtyTrac U.S. Foreclosure Market Report released today. U.S. Colorado, Nevada and Georgia posted the nation’s three highest state foreclosure rates despite decreasing foreclosure activity in all three states.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • U.S. Foreclosure Activity Surges in First Quarter
    foreclosure activity in the first quarter of 2007 was up 35 percent from the first quarter of 2006, according to the RealtyTrac U.S. Foreclosure Market Report released today. The report documents a total of 437,498 foreclosure filings, which include default notices, auction notices and bank repossessions, during the quarter and a quarterly foreclosure rate of one foreclosure filing for every 264 households — the highest quarterly U.S. Nevada reported the highest state foreclosure rate during the quarter, with one foreclosure filing for every 75 households
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Foreclosure Activity Backs Off 30-Month High
    Foreclosure activity decreased 7 percent in June, backing down from a 30-month high reached in the previous month, according to the RealtyTrac U.S. Foreclosure Market Report issued today. Despite the month-over-month decrease, however, foreclosure filings were still up 87 percent from June 2006. Nevada continued to register the nations highest state foreclosure rate, with one foreclosure filing for every 175 households — more than four times the national average. California switched spots with Colorado to claim the nations second highest foreclosure
    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.” Six of those states also appeared in RealtyTrac’s list of states with the highest foreclosure rates in 2006. The FBI also 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. This is not what many legitimate investors refer to
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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