11 Articles match "Homes","July","Real Estate"

• The Best from RealtyTrac

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• July Foreclosure Report
  
  foreclosure activity in July increased 8 percent from the previous month and 55 percent from July 2007, according to the RealtyTrac Foreclosure Market Report released today. View state-by-state details . That is in contrast to REOs accounting for just 16 percent of all activity in July 2007, while defaults in July 2007 were still at 41 percent and auction notices were at 43 percent. U.S. Bank Repossessions (REOs) accounted for 28 percent of all activity during the month, while defaults accounted for 41 percent and auction notices accounted for 31 percent.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• As Home Prices Plummet, When Will You Buy?
  
  Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the S&P/Case-Shiller Home Price Index released today. percent from their peak in July 2006. "There quot; Las Prices in those metro areas were down 19.5 quot;There are signs of a slow down in the rate of decline across the metro areas, but no evidence of a bottom," said David M.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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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 The Federal Deposit Insurance Corp. is having no trouble keeping busy these days.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• What's Causing the Credit Crunch?
  
  Meanwhile, nervous lenders have responded by tightening their lending standards, making it more difficult and expensive for real estate investors and homeowners to borrow money, according to new survey conducted by the Federal Reserve in July. mortgage lender, reported that foreclosures reached a five-year high in July. Between A lively debate is ensuing as to why the mortgage industry is unraveling and who’s to blame for the growing credit crunch that is sabotaging the housing industry. Wall Street analysts, main street investors, corporate executives and government bureaucrats
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• New Illinois Housing Law Draws 2nd Suit
  
  The suits — filed by eight consumers and the real estate community — seek to halt the implementation of Illinois House Bill 4050, which took effect September 1. "It's a discriminatory law," said Julie Santos, a Chicago Realtor and co-chair of the Coalition to Rescind HB 4050, a group formed from several community organizations who are collecting signatures in an attempt to repeal the law. "If Already, the law has chilled the housing market in the predominantly Black and Latino areas, where homeowners in the neighborhood saw a 45 percent drop in home sales
  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. According to a report on KABC television , the bobcats have been seen lounging around on the back wall of the home, and have also been spotted up in the trees. 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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• Lending Standards Continue to Tighten
  
  The Fed’s July 2008 Senior Loan Officer Opinion Survey , which covered 52 domestic banks and 21 U.S. About 45 percent of loan officers from domestic banks said they expected their banks to tighten lending standards on prime home loans in the second half of they year, and about 65 percent said they expected standards on nontraditional and subprime loans to continue to tighten during the same time period. Or is this exactly what the market needs to ensure that The results of a new survey released today by the Federal Reserve confirms what many people looking to buy or refinance already know — it’s hard to get approved for a loan.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• The $3 Billion Foreclosure Payday
  
  During the last housing slump, Paulson was a foreclosure investor, buying two distressed properties; a New York apartment and a large home in the Hampton on Long Island. In July 2006, the ABX index began with a value of 100, but it soon fell to 60 and Paulson’s profits began to pile up. And things are looking even better in 2008 for the doomsday trading titan as real estate prices tumble and foreclosures spread You may not know who John Paulson is, but you soon will. Last year, Paulson made $3 billion betting on foreclosures .
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• A Small Silver Lining in Q1 Foreclosure Storm
  
  The Detroit Free Press reported that "Detroit home sales shot up 30.8% Detroit home prices have hit a low enough threshold to become appealing to bargain buyers and investors. Foreclosure sales originally scheduled for April and May will be postponed until at least July. View full Q1 2008 foreclosure report 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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• I'll Take Sour Cream and Chives
  
  RealtyTrac’s latest numbers released this morning show that the top five states with the highest number of foreclosure filings in July accounted for 55 percent of all foreclosure filings in the country. (see This is really just the gearing up for the real race which will most likely get intense in earnest after the first of the year. Investors, real estate professionals No butter for me. Personally, I like my hot baked potato covered with sour cream and chives.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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