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11 Articles match "Homes","Houses","Ohio"
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The Latest from RealtyTrac
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Where to find the best deals on foreclosures
Foreclosure markets most favorable to buyers and investors According to data from the RealtyTrac database, homebuyers and investors realized average savings over the past seven months of more than 40 percent on foreclosure purchases in Ohio and average savings of more than 30 percent on foreclosure purchases in Indiana , Tennessee , Georgia and Texas . Those types of bargains are well within the parameters of what most experienced investors consider a sound investment, even in areas where home value appreciation is relatively slow. It’s important for buyers and investors who are interested in the foreclosures market to carefully evaluate local market conditions before diving into foreclosures in any given area.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
ARM'd and Dangerous?
He asks a question toward the end of his post about why the Midwestseems to be getting hit unusually hard with foreclosures in spite ofthe fact that both coasts saw higher price spikes in home values and ahigher percentage of "exotic loans." Under "normal" circumstances, wedprobably look at the Midwest rates and chalk them up tohigher-than-average unemployment rates (a very strong predictor offoreclosure rates) and lower-than-average house appreciation ratescoupled with weak housing demand. Another nice post from Jonathan Miller on his Matrix blog, "Foreclose Already So We Can Get Back To Normal" ( http://matrix.millersamuel.com/?p=568
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Ohio Lawmaker Seeks Solution to Foreclosure Level
LaTourette (R-Ohio) — who chaired a meeting of the U.S. House Finance Services Committee in Cuyahoga County Wednesday. For homeowners in Cuyahoga County, or Ohio for that matter, there is cause for concern. And for subscribers to RealtyTrac — albeit investors, real estate agents or potential homebuyers — Ohio is a land of opportunity right now. It looks like foreclosures are starting to become a national call to action for some Washington bureaucrats. One example — Rep.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Home Price Appreciation Stays Sluggish
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 For the second consecutive quarter Michigan’s home price appreciation declined on a year-over-year basis, dropping 0.4 percent from the previous quarter and up 5.9 percent from the fourth quarter of 2005 — down from the 7.9
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
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www.realtytrac.com
- Tuesday, February 3, 2009
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May Home Prices Down 4.8 Percent
Home prices were down again in May, but a few regions of the country experienced a ever-slight uptick in prices from the previous month, giving officials at the Office of Federal Housing Enterprise Oversight (OFHEO) a chance to be cautiously optimistic in the press release announcing the numbers. "It Nationwide, the OFHEO report showed home prices in May were down 0.3 quot;It is very hard to draw conclusions from a one-month number, especially in these uncertain times; but the numbers in the Pacific, East and West North Central Divisions may be good signs," said OFHEO Director James B.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Priced to Foreclose
A new report shows a strong correlation between slow home priceappreciation and high foreclosure rates, although its clear thecorrelation does not involve a direct cause-and-effect relationship. The Office of Federal Housing Enterprise Oversight (thank goodness for acronyms) on Thursday released home price appreciation statistics for the first quarter of 2006, which show that U.S. homes are appreciating at the slowest quarterly rate since the firstquarter of 2004. The OFHEO report ranks the 50 states and the District of Columbia basedon year-over-year home price
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Appreciation Rates Foreshadow Foreclosures
Third-quarter house price appreciation figures released last week by the Office of Federal Housing Enterprise Oversight provide more evidence of a cooling real estate market and further foreshadowing of a continued rise in foreclosures — all pointing to more opportunities for real estate investors to buy low. The OFHEO report shows national house prices rose 7.73 percent from the third quarter of 2005, down from a 10.06 percent increase in the second quarter and down from a high of a 13.9
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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March Mania and RealtyTrac's Sweet 16 Foreclosure List
That will buy you a two-story home with three bedrooms and one bath. Trenton, NJ — Opening Bid: $83,700 MIDWEST REGION SEMIFINAL With bank-owned houses cheaper than a used car in Detroit, Michigan and Columbus, Ohio, why not buy the whole block? 1) Ohio — 705 E Columbus St., Each spring brings the beginning of the real estate sales season and the end of college basketball, culminating with March Mania and the much awaited NCAA Sweet 16 playoff. This weekend, as the best college basketball players square off, RealtyTrac will tip off its Sweet 16 foreclosure list.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Credit Card and Mortgage Debt Fuels Foreclosure
Among the hardest-hit states were California, Florida, Texas, Michigan, Illinois and Ohio. Rising interest rates have caught many homeowners in a “can’t pay, can’t sell, can’t refinance” vise, in which their ARM payments are outpacing their incomes and their homes have not appreciated enough to help cover the cost of a refinanced mortgage or to allow them to sell and walk away. Considering that the housing market is expected to continue to be slow through 2007, there could be increases in mortgage Debt! No word better describes why millions of Americans are now facing foreclosure.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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ARM'd and Dangerous?
He asks a question toward the end of his post about why the Midwestseems to be getting hit unusually hard with foreclosures in spite ofthe fact that both coasts saw higher price spikes in home values and ahigher percentage of "exotic loans." Under "normal" circumstances, wedprobably look at the Midwest rates and chalk them up tohigher-than-average unemployment rates (a very strong predictor offoreclosure rates) and lower-than-average house appreciation ratescoupled with weak housing demand. Another nice post from Jonathan Miller on his Matrix blog, "Foreclose Already So We Can Get Back To Normal" ( http://matrix.millersamuel.com/?p=568
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Fannie: Q1 a Swift Kick in the Rear
ldquo;As the initial shock of home price declines dissipate and markets settle down from volatility of the last nine months, we’re seeing tremendous opportunity. As a result of the losses, Fannie is revising its forecast for home price declines from a 5 to 7 percent loss nationally for all of 2008, to a 7 to 9 percent loss for the year, with significant regional differences in the rate of home price declines. It may have been created and chartered by the federal government, but Fannie Mae (the Federal National Mortgage Association) is first and foremost a private company responsible to shareholders for running at a profit.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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