13 Articles match "2006","Homes","Residential"

• The Best from RealtyTrac

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• As Home Prices Plummet, When Will You Buy?
  
  Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the S&P/Case-Shiller Home Price Index released today. percent from their peak in July 2006. "There quot; Las Vegas and Phoenix posted Prices in those metro areas were down 19.5 quot;There are signs of a slow down in the rate of decline across the metro areas, but no evidence of a bottom," said David M.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Waning Confidence a Concern That May Help Foreclosures
  
  Doti, president of Chapman University, updated his 2006 economic forecast for the nation, he did have one question that could throw a monkey wrench into the equation, and he called it, THE BIG IF . If housing prices plummeted like they did back in the early 1990s, the loan-to-value ratio on many mortgages might force homeowners into foreclosure, providing new opportunities for real estate investors, speculators, real estate agents and anyone looking to buy a home from the foreclosure pipeline. Economics 401 – Effects of a housing ‘slump’? When James L. That question is:
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Data Suggests Decline in California Foreclosures
  
  The current Chapman estimate is for 226,000 jobs to be created by year-end 2006, with another 150,000 jobs added during 2007. And what job losses there are – like in residential construction – should be absorbed elsewhere such as in non-residential construction. Since unemployment rates are historically a good indicator of foreclosure rates, this bodes well for California homeowners, but less well for real estate investors, first-time home buyers California’s latest economic numbers reported by forecasters at the A. Gary Anderson Center for Economic Research at Chapman
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Buying Bank-Owned REOs at the Auction - RealtyTrac
  
  The increased presence of lender-owned homes in the market — known in the banking industry as REOs, for "real estate owned" — is fallout from the recent real estate boom that marked the first half of this decade. At the Auction! billion auction industry is residential real estate auctions, which jumped 12.5 Buying Bank-Owned REOs at the Auction Search Properties | Free 7-Day Trial Thanks to a sharp rise in foreclosure filings nationwide, homebuyers and real estate investors are increasingly likely to encounter bank-owned properties that are for sale at real estate auctions.
  www.realtytrac.com - Tuesday, February 3, 2009
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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 . million vacant homes await buyers In addition to weaker sales and declining prices, a record number of homes are sitting vacant awaiting buyers. 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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• Mortgage Reform to Calm Foreclosure Storm
  
  In an attempt to address the recent downturn in the real estate market — evidenced by rising foreclosures and falling home prices and which many believe may threaten to undermine the overall economy — the House of Representatives yesterday passed a bill that imposes more stringent regulatory oversight of the mortgage industry. 3915 ) claims to "amend the Truth in Lending Act to reform consumer mortgage practices and provide accountability for such practices, to establish licensing and registration requirements for residential mortgage originators, to provide certain minimum standards
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• California Foreclosures 2007: Steady As She Goes
  
  Through November, RealtyTrac tallied nearly 130,000 properties that entered some stage of foreclosure in California alone during 2006; accounting for roughly 11 percent of the nation’s foreclosures for the same period. That said, foreclosure levels for 2007 are more likely to be a continuation of 2006, rather than a reprise of the early 1990s when foreclosures were rampant due to extensive job losses, high interest rates, high inflation and a resulting recession. A dubious honor at best, the Golden State maintained a level of foreclosure activity during the past year that kept it in the nation’s upper echelon in terms of state foreclosure totals.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Forecasters Change Housing Estimates for '07/'08
  
  The drop in residential construction is steeper and over a longer time than many analysts had predicted. Likewise, housing starts are forecasted to drop from their recent high in 2006 at 1.8 percent (nationally) and then plummeted to 1 percent by the third quarter of 2006. The nation’s housing market is not cooperating the way analysts at the A. Gary Anderson Center for Economic Research at Chapman University in Orange, Calif.,
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Short sales rising
  
  Short sales occur when home prices fall and mortgage debt exceeds the value of the property. If the lender agrees, homeowners can sell their depreciated home and settle their debt for a reduced sum. While short sales remain a small segment of the residential real estate market, the increase bears watching for investors, buyers and real estate agents. Scanning the Southern California Multiple Listing Service (MLS) last week, the one thing that stands out is the growing number of short sales. Last year, you rarely saw the phrase “short sale” in the MLS property description.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Will Homeowners Sink or Swim?
  
  RealtyTrac™ ( www.realtytrac.com ), the leading online marketplace for foreclosure properties, released its September 2006 U.S. And prices of existing homes fell in August for the first time in 11 years as sales dipped to their lowest level since early 2004, according to the National Association of Realtors . Earlier in the year, there was a lot of discussion about a “soft landing” for the residential real estate market. Many American homeowners — initially attracted to low teaser rates on those “exotic” ARMs and sub-prime loans — now find themselves swimming upstream in a desperate attempt to remain financially afloat.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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