8 Articles match "Detroit","Households","Real Estate"

• The Best from RealtyTrac

  MORE

• 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 The Federal Deposit Insurance Corp. is having no trouble keeping busy these days.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• The Trickle Down Effecting High-Tech
  
  The five — Sacramento, Tampa, Phoenix, Detroit and Orlando — were also among the nation’s top metropolitan statistical areas (MSAs) ranked by foreclosure rate, according to RealtyTrac, for the quarter studied by The NPD Group. on RealtyTrac’s Top 100 metro areas for the first quarter of 2008, reporting a 135 percent year-over-year increase in foreclosure activity and a foreclosure rate of one in every 55 households receiving a foreclosure filing during the period. The prolonged housing slump is having a measurable effect on the overall economy, and not just on home furnishings and housing supply chains (like Linens N’ Things, which recently filed for bankruptcy protection).
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• 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
  READ MORE
• Foreclosure Filings Soar 90 Percent
  
  1 in 88 households) 2. 1 in 100 households) 3. 1 in 118 households) 4. 1 in 127 households) 5. 1 in 145 households) 6. 1 in 147 households) 7. 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
  READ MORE
• California Tops PMI's Risk Index
  
  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 foreclosure rate, reporting that 4.9 percent of all households went into foreclosure. 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 Index just released by the PMI Mortgage Insurance Co.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• 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
  READ MORE
• Economic Indicators: Image Is Everything
  
  When it comes to purchasing real estate — either as a primary residence or as an investment — perception is everything. So it is with real estate. Four real estate industry related reports have already been released this week, and Wall Street has reacted. When reports of telltale economic indicators are released, if Wall Street perceives them as bad, the market takes an immediate tumble. But when the indicators reported come is as expected, the reaction is generally good and we see an uptick in market activity.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Local Market Perspective: Seattle, Wash.
  
  In the Northern Seattle area there currently very few REO properties, and in terms of real short sales, I have seen under 10 that are decent over the past month. Our median household income is about $72,000 annually — among the highest in the country. Even then these homes are being purchased at 20 percent less then market value. So, if you want to beat the competition when it comes to an equity positive Over the past three months, my clients and I have presented nine contracts to pre-foreclosure, REO and short sale sellers. Out of those nine contracts, nine have been
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE