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62 Articles match "California","Filing","Trends"
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Secrets of Pre-Foreclosure Investing
Secrets of Pre-Foreclosure Investing By Octavio Nuiry, RealtyTrac Staff Writer One pre-foreclosure expert says a new federal law will change everything, and short sales and short payoff sales will become the new trend in the marketplace. In November, a total of 201,950 foreclosure filings were reported nationwide, according to RealtyTrac. Another claims that developing a series of “systems” in your business is the key to success. A third warns that accurate data and timely information is essential to survive.
www.realtytrac.com
- Tuesday, February 3, 2009
High-End Foreclosures Rising Among Top Tier Homes
said there will be more troubles for upscale flippers, high-end prime borrowers, developers and lenders. “Upscale foreclosures are a growing trend,” said McCabe, pointing to the overflow of some 30,000 unsold beachfront Miami condominiums. “The In a lot of the bubble markets — like Miami, Palm Beach, San Diego, Las Vegas, Orange County and the Inland Empire in California — we are going to see an increase in the number of high-end foreclosures in relatively wealthy communities. 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.
www.realtytrac.com
- Tuesday, February 3, 2009
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Foreclosure Filings Soar 90 Percent
foreclosure filings surged 90 percent in May from a year earlier as more homeowners fell behind on their monthly mortgage payments, reported RealtyTrac . There were 176,137 foreclosure filings in May, up 19 percent from April. Top 10 Foreclosure Total Ranked by the number of foreclosure filings, California topped the list, with 39,659 in May, and Florida was number two, with 21,704, according to RealtyTrac’s report. A growing number of American homeowners across the country are getting foreclosure notices, according to new data released this week by RealtyTrac.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosures: the Coming California Crash?
California foreclosure investors now have an opportunity to tap the knowledge of a 25-year real estate investing veteran who correctly predicted the last two major swings in the California real estate market and is on the verge of correctly predicting another. “Bruce Bruce Norris was dead right” about home prices in California doubling in the early 2000s after hitting bottom in 1997, said Michael Carney, Director of the Real Estate Research Council of Southern California. Carney went on to say that he thinks Norris’ latest prediction, made in early 2006, that foreclosures will soar and home prices will plummet in the next few years is also likely to be correct.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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California Consumers Hit the Skids
The Center’s California Composite Index of Consumer Sentiment stood at 57.6 These concerns are genuinely justified in California, the state which has led the nation in total properties with foreclosure filings for 19 out of the last 20 months, according to RealtyTrac . This will strongly effect the state’s real estate sector, leaving a window of opportunity open for investors to come in and buy up local real estate at bargain prices compared to the overly inflated prices Analysts at the A. Gary Anderson Center for Economic Research at Chapman University in
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Metro Foreclosures: California Catch-up
Several other California cities also reported increasing foreclosure activity for the quarter. All this points to the development of an interesting trend: historically low California foreclosure rates are starting to gain ground on foreclosure rates in the Midwest and South, which seem to be leveling off after a sharp increase in the first quarter. Posted 08-11-2006 2:26 PM by darenb Filed under: Foreclosure Trend Foreclosure activity decreased in the majority of the nation’s 100 largest metropolitan areas in the second quarter of 2006, including Indianapolis (down 32 percent from the previous quarter), Atlanta (down 37 percent), Dallas (down 12 percent) and Denver (down 18 percent).
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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2006 Foreclosure Filings Surpass 1.2 Million
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. The number of total foreclosure filings rose from about 885,000 in 2005 to 1,259,118 in 2006. Colorado documented the nation’s highest state foreclosure rate, More than 1.2 Foreclosure Market Report released yesterday.
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. That translates into one new foreclosure filing for every 21 households — or 4.5 Total foreclosures in the Detroit metroplex numbered more than 10,000 filings in each quarter of 2006. 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 34 out of the nation’s top 50 over a year earlier, with
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Data Suggests Decline in California Foreclosures
California’s latest economic numbers reported by forecasters at the A. This sheds light on some of the most recent foreclosure statistics published by RealtyTrac (see our latest report) , which show decreasing numbers of new filings in March and April, and May numbers up only slightly. 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 and real estate professionals Gary Anderson Center for Economic Research at Chapman University suggest that the number of foreclosures for the state will continue to dwindle for the foreseeable future.
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. seem to indicate that California is economically sound and stable. Still, enough of the prime indicators are projected to turn and remain 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. The state hit its peak towards the end
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Activity Up 7 Percent in March
With 149,150 foreclosure filings reported nationwide in March, U.S. The March total — which includes default notices, auction sale notices and bank repossessions — was the highest monthly total since RealtyTrac began issuing its report in January 2005 and resulted in a foreclosure rate of one foreclosure filing for every 775 U.S. Nevada documented the highest state foreclosure rate for the month, one foreclosure filing for every 183 households. foreclosure activity was up 7 percent from the previous month and 47 percent from a year ago, according to RealtyTracs foreclosure market report that was released yesterday.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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5 States = 55% of July Foreclosure Pie
California, Florida, Michigan, Ohio and Georgia together accounted for 55 percent of all U.S. foreclosure filings in July, according to the RealtyTrac U.S. The foreclosure filings tracked in the report are default notices, auction notices and bank repossessions. California reported the most foreclosure filings Foreclosure Market Report released today. The states foreclosure activity was actually down a half a percent from the previous month but still up 289 percent from July 2006.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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