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24 Articles match "2006","News","Real Estate"
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The Latest from RealtyTrac
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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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Will Homeowners Sink or Swim?
But as the rising tide of mortgage debt grows, many of those homeowners will unfortunately sink, drowning in foreclosure red ink. For the thousands of homeowners who jumped into turbulent housing waters via these easy-to-qualify-for loans, they are now succumbing to a riptide of bad news. RealtyTrac™ ( www.realtytrac.com ), the leading online marketplace for foreclosure properties, released its September 2006 U.S. 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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Clash of Cultures at CAR Expo
The opening session of what is billed as “Tech Tuesday” at the California Realtor Expo 2006 provided a somewhat unvarnished glimpse into how some Realtors are responding to real estate websites that are lifting the veil on home valuations and other previously hard-to-find real estate data. In short, some Realtors take offense at such sites, which they see as giving consumers a false belief that much of the research involved in a real estate transaction can be done without the help of a Realtor. “I LONG BEACH, Calif. — I don’t think value is
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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US Foreclosures a Mixed Blessing in Q2
As the most recently collected data reported today in RealtyTracs Q2 2006 U.S. On the positive side, foreclosure activity nationwide during Q2 2006 rose 25 percent over the same quarter last year to 272,109 properties . This is good news for real estate investors, agents and home buyers looking for a piece of the American Dream at a potentially more affordable price. Foreclosure Market Report suggests, there is both an upside and a downside to the latest numbers. On the flip side, however, foreclosure activity nationwide decreased 16 percent between the first
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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U.S. Housing Starts Rise, Though Permits Fall
million units economists had predicted and the largest monthly increase since January 2006. To say on top of all the latest news and events in the real estate industry, go to RealtyTrac’s News & Events section. Posted 03-21-2007 8:44 AM by Octavion Filed under: Foreclosure Trends , Real Estate Trend The pace of new home construction jumped in February by the largest amount in more than a year, but building permits continued to decline, indicating future weakness in the housing market, according a new Commerce Department report today.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Subprime Market Sinking Further Into the Abyss
The latest developments in the subprime lending market should have the entire real estate industry up in arms (figuratively and literally). Borrowers began feeling the effects of those resets during the second half of 2006. which was being courted for a buyout by Credit Suisse Group, is now being sold to Citadel Investment Group LLC, which won the right to purchase the lending institution for $180 million in a last minute The problem has gone far beyond the $1 trillion worth of so-called “exotic” adjustable rate loans resetting in each of the next two years. Now the problem
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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For Some, Mortgage Meltdown Means Opportunity
million foreclosure filings in 2006, up 42 percent from the previous year, according to RealtyTrac . As the market for risky mortgages collapses, dragging home values and stock prices down with it, many real estate investors and home buyers are seeing opportunities emerging on the horizon. As more and more mortgage lenders get stuck with owning over-priced distressed properties, RealtyTrac customers and real estate investors nationwide could be the solution to Cracks are appearing in the foundation of the housing market as shock waves — triggered by concern over a surge in bad subprime mortgages — jolted the stock market this week, sending the Dow Jones industrial average downward by more than 243 points, amid fears that a mortgage meltdown in the subprime lending sector could have broader economic implications.
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 . For real estate investors and home buyers, weakness in January construction means that builders will slash prices and offer incentives to motivate buyers into writing offers. Foreclosures surge upward The biggest news in residential real estate, however, seems to be foreclosures. Storm clouds are gathering over the nation’s battered housing market.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Cagan: Big Scary Numbers, Little Impact
Despite so many zeroes and commas in his numbers, however, Cagan assured industry professionals attending a recent meeting of the Real Estate Research Council of Southern California that those very long numbers will have little impact on the national economy, although they will pack quite a punch for the people most immediately affected by them – lenders, borrowers and investors. “This Based on his latest property surveys (conducted December 2006), the Director of Research and Analytics for First American CoreLogic concluded in his latest report titled, “Mortgage Payment Reset:
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Greed and Deceit Get Their Comeuppance in Any Cycle
It’s a recurring theme in the real estate industry; mostly visible in the financial sector, although one would have to be a fool to believe it didn’t take place in every aspect of the real estate transaction. And let’s not forget all the news stories out there about mortgage and foreclosure scams these days. Although these two Greed and deceit. After President Reagan deregulated the banking industry back in the 1980s, it was Charles Keating, Jr.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Ohio Lawmaker Seeks Solution to Foreclosure Level
And for subscribers to RealtyTrac — albeit investors, real estate agents or potential homebuyers — Ohio is a land of opportunity right now. According to the RealtyTrac Q2 2006 Foreclosure Market Report , the total number of foreclosures in Ohio actually declined by 30 percent from Q1 2006, although still up 85 percent from Q2 2005. FDIC) reports that job growth in Ohio was less than half the national average during It looks like foreclosures are starting to become a national call to action for some Washington bureaucrats. One example — Rep.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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