13 Articles match "2007","Detroit","Report"

• The Best from RealtyTrac

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• FDIC Selling Off Detroit Inventory
  
  So it’s no wonder that it has no time to play nursemaid to a bunch of foreclosed real estate in foreclosure-laden Detroit, Mich. With one in every 176 households receiving a foreclosure filing during July, the Detroit metro area had the 18th highest foreclosure rate among the 230 MSAs reported by RealtyTrac for the month. Reporting 4,781 properties with foreclosure filings for the month, the Detroit metroplex saw a 10 percent The Federal Deposit Insurance Corp. is having no trouble keeping busy these days.
  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. Substantial increases in foreclosure activity in Detroit and Atlanta helped drive up the foreclosure rates in Michigan and Georgia. Detroit’s foreclosure total more 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.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Stacking Up 2007 Metro Foreclosure Rates
  
  It was the usual suspects topping the 2007 MSA Foreclosure Rate Rankings released by RealtyTrac today. Detroit, Stockton and Las Vegas were the top three, each with more than 4 percent of total households in some stage of foreclosure during the year. To give you a more graphical view of the on-the-ground implications of foreclosure activity at the neighborhood level, weve created a map showing Detroit fourth-quarter foreclosure filings geographically. Five other California metro areas joined Stockton in the top 20: Riverside-San Bernardino at No. 4, Sacramento at No.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• A Small Silver Lining in Q1 Foreclosure Storm
  
  While foreclosure activity in the first quarter of 2008 was up on a year-over-year basis in 90 percent of the nations 100 largest metropolitan areas, according to the RealtyTrac Q1 report issued today, there were a few notable exceptions that could prove to be a harbinger of hope for the nations battered housing market. The notable exceptions included Detroit — a longtime posterchild for the foreclosure meltdown — and Philadelphia, along with a few other Pennsylvania metro areas. On the other hand, those exceptions could just turn out to be a source of false hope, perpetuated in part by short-term foreclosure solutions that are about as effective as a five-gallon bailing bucket on the sinking Titanic.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Top Metro Foreclosure Rates
  
  Fifteen of the cities with the top 25 metro foreclosure rates in the first half of 2007 were located in California, Florida and Ohio, according to the R ealtyTrac Midyear 2007 Metropolitan Foreclosure Report , released yesterday. The report ranks the foreclosure rate in the nation’s 100 largest metro areas. reported California led the way with seven cities in the top 25, while Florida and Ohio both had four cities. Stockton, Calif.,
  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 foreclosure U.S. Nevada reported the highest state foreclosure rate during the quarter, with one foreclosure filing for every 75 households — 3.5
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Make Food, Not Foreclosures
  
  National Public Radio is reporting that the non-profit group Urban Farming requested that Wayne County, Mich., Just like it was in 2007, Wayne County has been a hotbed of foreclosure activity in Michigan so far in 2008. Similar to other parts of the nation’s Rust Belt, the county’s real estate market — particularly Detroit — is suffering. A non-profit group has launched a program to turn former foreclosures into farmland. allow it to garden vacant lots from the thousands of foreclosures in the county’s inventory and allow its volunteers to
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Home Price Appreciation Stays Sluggish
  
  percent year-over-year increase reported in the third quarter of 2006. Not coincidentally, Michigan documented the nation’s second highest foreclosure rate in January 2007, according to RealtyTrac’s U.S Foreclosure Market Report . Detroit, Reno, Nev., 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 prices were up 1.1
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• California Tops PMI's Risk Index
  
  Seven out of the 10 riskiest housing markets in the nation for home price deflation over the next two years are located in California, according to the Winter 2007 PMI U.S. Of the top 50, all but four metro areas — Detroit and Warren, MI; Cleveland, OH; and Indianapolis, IN — saw employment growth. According to RealtyTrac’s year-end report for 2006 , Detroit led the nation’s 100 largest metro areas in Market Risk Index just released by the PMI Mortgage Insurance Co. Studying the 50 largest Metropolitan Statistical Areas (MSAs) in the nation, scores increased for
  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. 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 a soft landing and few were expecting prices to fall and sales to plunge. LONG BEACH, Calif. — At Wednesday’s Opening Session of California Realtor EXPO
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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