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14 Articles match "August","Prices"
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California Home Sales and Prices Inch Up
California Home Sales and Prices Inch Up October 16, 2009, Los Angeles Times California's housing market showed more signs of recovery in September, as the median sales price rose nearly 1 percent from August, to $251,000, a real estate research firm...( read more )
...Tags: Tags: foreclosure rates defaults foreclosur
Foreclosure Pulse
- Friday, October 16, 2009
New-Home Sales Increased 0.7% to 429,000 Rate in August
to 429,000 Rate in August September 25, 2009, Bloomberg News Sales of new U.S. homes climbed in August to the highest level in almost a year as builders cut prices at a record pace to compete with the foreclosures that are...( New-Home Sales Increased 0.7% read more )
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Foreclosure Pulse
- Friday, September 25, 2009
The Government Goes After Loan Officers
In August 2006, Steven Krystofiak, President of the Mortgage Brokers Association for Responsible Lending , testified before the Federal Reserve and said his group compared the income figures for 100 stated-income loans against borrower tax returns. Ninety percent of the stated-income loan applications showed earnings that were exaggerated by at least 5 percent. Sixty percent of the stated amounts were exaggerated by more than 50 percent. “Stated income loans,” Krystofiak testified , “help no one. Because of stated income loans, home prices have gone up so dramatically that
www.realtytrac.com
- Tuesday, February 3, 2009
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New-Home Sales Increased 0.7% to 429,000 Rate in August
to 429,000 Rate in August September 25, 2009, Bloomberg News Sales of new U.S. homes climbed in August to the highest level in almost a year as builders cut prices at a record pace to compete with the foreclosures that are...( New-Home Sales Increased 0.7% read more )
...Tags:
Foreclosure Pulse
- Friday, September 25, 2009
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California Home Sales and Prices Inch Up
California Home Sales and Prices Inch Up October 16, 2009, Los Angeles Times California's housing market showed more signs of recovery in September, as the median sales price rose nearly 1 percent from August, to $251,000, a real estate research firm...( read more )
...Tags: Tags: foreclosure rates defaults foreclosur
Foreclosure Pulse
- Friday, October 16, 2009
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Home Prices Fall Deeper Into the Abyss
Homeowners across the country may be feeling a bit like Mel Brooks’ character from his movie “High Anxiety” now that Standard and Poor’s has released its May numbers for the S&P/Case-Shiller Home Price Indices . Home prices in its original composite 10 metro areas fell to a new record low, down 16.9 percent In the movie, Brooks’ character nervously sweats every time he even thinks about getting into an elevator. Well, the nation’s homeowners are sweating it out now, being taken on the descending elevator ride of their lives, especially those
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Latest Census Data Suggest More Foreclosures Coming
Take San Diego, for example, where the median price of a home jumped from $249,000 to $567,000 in five years (2000-2005). Foreclosure Market Report for August 2006 , the city also had the third highest number of foreclosures in California with a foreclosure rate of one new foreclosure filing for every 745 households — 1.35 Moreover, the state ranked 11 th nationally in total number of foreclosures for August 2006, an increase of 95 percent over August Will the thinly stretched finances of U.S. homeowners lead to a sharp rise in foreclosures and a collapse of the so-called
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Back to Wait and See for the Fed
percent back in August 2007 down to 2 percent last month, the Fed has decided to go back to the wait-and-see stance Chairman Ben Bernanke established when he first took over the reins of the agency back in August 2006. This move by the Fed is recognition of the fact that further increases in oil prices threaten the economy by pushing up prices in goods and services, according to the New York Times . The Federal Open Market Committee took the advice Wednesday of all the financial analysts and market watchers and did absolutely nothing with the short term Federal Funds Rate (FFR). After whittling away at the rate over time from a high of 5.25
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Will Homeowners Sink or Swim?
Foreclosure Market Report, which shows 112,210 properties nationwide entered some stage of foreclosure during the month, a decrease of less than 1 percent from August, and a 63 percent increase from September 2005. 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 . 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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UCLA: Crash and Burn Unlikely for National Economy
Home sales and housing starts, the report estimates, will both drop (12 percent and 26 percent respectively) with home prices declining on a year-over-year basis as the economy heads for a soft landing. But while the economy’s air traffic controllers are first trying to chart new flight plans, the nation’s foreclosure activity is flying high — up 53 percent on a yearly basis — according to the RealtyTrac August 2006 U.S. The nation’s economy, driven mostly by the real estate sector, has been flying at Mach 1 in clear blue skies for a number of years. Now, however, some clouds are
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Room Enough for a Catnap
In this lackluster real estate market potential homebuyers have been sitting on the fence, observing from the sidelines as the number of foreclosures keeps going up and home prices keep plummeting. Local residents got their first glimpse of the cat family — two adults and three kittens — on August 27. What are they waiting for? Hopefully the right time to pounce on a devastated market, timing the bottom of the market before the turnaround begins.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Customers, Employees Credited for RealtyTrac's Deloitte Fast 50 Ranking
This latest award comes on the heels of RealtyTrac’s selection in August as the 53rd fastest growing privately-held company in America by Inc. Once again we would like to thank our customers for believing in our products and services, and investing your hard-earned dollars with us to either grow your business, or to find that piece of the American Dream you have longed to own at a more affordable price than you would pay on the open market without utilizing RealtyTrac. RealtyTrac was named to the Technology Fast 50 list for 2006 by the accounting firm of Deloitte & Touche USA LLP at an awards ceremony held Tuesday.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Fed Remains in Hibernation on Interest Rates
After 17 consecutive meetings of raising interest rates, and a switch over to new leadership under Ben Bernanke, the Federal Reserve went into hibernation last August and has remained there ever since. With rates remaining at current levels, expect subprime loans to continue their upward adjustments, and many local real estate markets to continue to suffer as prices and sales remain depressed. Posted 05-11-2007 2:50 PM by joelc Filed under: Foreclosure Auctions , Real Estate Trend On Wednesday the watchdog of federal monetary policy did what many economists expected it to do and hit the snooze button yet again, deciding to keep the short term federal funds rate at its current level of 5.25
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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