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6 Articles match "Detroit","Homes","May"
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The Latest 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. to auction off 83 properties ranging in values from as low as $2,500 up to a home in the Grosse Pointe area that was recently listed for $1.3 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 The Federal Deposit Insurance Corp. is having no trouble keeping busy these days.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
Foreclosures Fade in World Series Spotlight
The Detroit Tigers are the feel-good story of this year’s World Series, having made it to baseball’s big dance only three years after posting 119 losses — one of the worst records in history. Detroit’s Wayne County reported 4,190 properties entering foreclosure in September, the second most only behind Chicago’s Cook County (whose fans didn’t have any team to cheer in the playoffs this year). The Tigers have given local fans a chance to momentarily forget about another dubious distinction: that they reside in a city with one of the highest foreclosure rates in the nation . The
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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. Saccacio, chief executive officer of RealtyTrac, said a jump in foreclosures at a time of year that traditionally is the busiest for home sales means the slide in prices probably isn't over. A growing number of American homeowners across the country are getting foreclosure notices, according to new data released this week by RealtyTrac. U.S.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Best from RealtyTrac
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MORE
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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. to auction off 83 properties ranging in values from as low as $2,500 up to a home in the Grosse Pointe area that was recently listed for $1.3 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 The Federal Deposit Insurance Corp. is having no trouble keeping busy these days.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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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 . The S&P figures for May show declines in all 20 metro areas reported for the second straight month — nine with record lows and 10 in double digits. 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,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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A Small Silver Lining in Q1 Foreclosure Storm
The notable exceptions included Detroit — a longtime posterchild for the foreclosure meltdown — and Philadelphia, along with a few other Pennsylvania metro areas. Foreclosure activity in Detroit was down nearly 4 percent from the first quarter of 2007, although the citys foreclosure rate still ranked No. Dispatches from Detroit indicate that free-market forces may be the catalyst. 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.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Make Food, Not Foreclosures
Similar to other parts of the nation’s Rust Belt, the county’s real estate market — particularly Detroit — is suffering. Contributing to the downfall are high unemployment, low home sales volume and deflating home prices. The pilot program would start with 20 plots, with the City of Detroit donating the water. A non-profit group has launched a program to turn former foreclosures into farmland. National Public Radio is reporting that the non-profit group Urban Farming requested that Wayne County, Mich.,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosures Fade in World Series Spotlight
The Detroit Tigers are the feel-good story of this year’s World Series, having made it to baseball’s big dance only three years after posting 119 losses — one of the worst records in history. Detroit’s Wayne County reported 4,190 properties entering foreclosure in September, the second most only behind Chicago’s Cook County (whose fans didn’t have any team to cheer in the playoffs this year). The Tigers have given local fans a chance to momentarily forget about another dubious distinction: that they reside in a city with one of the highest foreclosure rates in the nation . The
www.foreclosurepulse.com
- Tuesday, December 16, 2008
-
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. Saccacio, chief executive officer of RealtyTrac, said a jump in foreclosures at a time of year that traditionally is the busiest for home sales means the slide in prices probably isn't over. A growing number of American homeowners across the country are getting foreclosure notices, according to new data released this week by RealtyTrac. U.S.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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