5 Articles match "2008","Detroit","Document"

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2006 Foreclosure Filings Surpass 1.2 Million
Colorado documented the nation’s highest state foreclosure rate, with total foreclosure filings representing 3 percent of the state’s households. Detroit’s 40,219 foreclosure filings in 2006 represented nearly 5 percent of the city’s households — the highest rate among the nation’s 100 largest metropolitan areas. More than 1.2 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.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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California Tops PMI's Risk Index
Of the top 50 metros, 19 face a more than 50 percent chance of declining home prices through the end of 2008. Of the top 50, all but four metro areas — Detroit and Warren, MI; Cleveland, OH; and Indianapolis, IN — saw employment growth. Given that fact, it is no surprise that two out of those four metros also documented some of the highest foreclosure rates in the country for all of 2006. 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. Market Risk
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Home Price Appreciation Stays Sluggish
Not coincidentally, Michigan documented the nation’s second highest foreclosure rate in January 2007, according to RealtyTrac’s U.S Detroit, Reno, Nev., These states documented year-over-year appreciation rates between 13 and 18 percent. 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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  • Home Price Appreciation Stays Sluggish
    Not coincidentally, Michigan documented the nation’s second highest foreclosure rate in January 2007, according to RealtyTrac’s U.S Detroit, Reno, Nev., These states documented year-over-year appreciation rates between 13 and 18 percent. 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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  • Foreclosure Activity Up in 77 of Top 100 Metros
    which documented one foreclosure filing for every 31 households, Detroit, which documented one foreclosure filing for every 33 households, and Riverside-San Bernardino, Calif., which documented one foreclosure filing for every 43 households. RealtyTrac released its third-quarter metro foreclosure rankings today, showing that rising foreclosures are affecting many areas of the country. Company CEO James J.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • California Tops PMI's Risk Index
    Of the top 50 metros, 19 face a more than 50 percent chance of declining home prices through the end of 2008. Of the top 50, all but four metro areas — Detroit and Warren, MI; Cleveland, OH; and Indianapolis, IN — saw employment growth. Given that fact, it is no surprise that two out of those four metros also documented some of the highest foreclosure rates in the country for all of 2006. 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. Market Risk
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • 2006 Foreclosure Filings Surpass 1.2 Million
    Colorado documented the nation’s highest state foreclosure rate, with total foreclosure filings representing 3 percent of the state’s households. Detroit’s 40,219 foreclosure filings in 2006 represented nearly 5 percent of the city’s households — the highest rate among the nation’s 100 largest metropolitan areas. More than 1.2 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.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • U.S. Foreclosure Activity Surges in First Quarter
    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 rate since RealtyTrac began issuing its report more than two years ago. Detroits first-quarter foreclosure rate of one foreclosure filing for every 51 households was highest among the nations 100 largest metropolitan areas and and more than five times the national average. U.S. foreclosure activity in the first quarter
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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