8 Articles match "Homes","Number of","Residential"

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• Data Suggests Decline in California Foreclosures
  
  California’s latest economic numbers reported by forecasters at the A. 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. 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. None of the factors that contributed to the last great rush in the state’s foreclosure pipeline back in the early 1990s is present this time around.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Short sales rising
  
  Scanning the Southern California Multiple Listing Service (MLS) last week, the one thing that stands out is the growing number of short sales. Today, approximately 10 percent of the listed properties are short sales. Short sales occur when home prices fall and mortgage debt exceeds the value of the property. Last year, you rarely saw the phrase “short sale” in the MLS property description. That indicates lenders are getting more eager to unload properties in foreclosure, even if it means selling them for less than is owed on the mortgage.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Buying Bank-Owned REOs at the Auction - RealtyTrac
  
  The increased presence of lender-owned homes in the market — known in the banking industry as REOs, for "real estate owned" — is fallout from the recent real estate boom that marked the first half of this decade. At the Auction! According to the National Auctioneers Association, the fastest growing sector of the $257.2 Buying Bank-Owned REOs at the Auction Search Properties | Free 7-Day Trial Thanks to a sharp rise in foreclosure filings nationwide, homebuyers and real estate investors are increasingly likely to encounter bank-owned properties that are for sale at real estate auctions.
  www.realtytrac.com - Tuesday, February 3, 2009
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• Housing glut gives foreclosure buyers and investors advantage
  
  Fueling the latest concerns is a deluge of discouraging data in the housing sector. Home prices and sales plunge Sales of existing single-family homes declined in 40 states and in half of the nation’s biggest metropolitan areas in the last three months of 2006, according to the National Association of Realtors . At the same time, Nevada sales plunged 36 percent, while Florida posted a decline of 31 percent. Storm clouds are gathering over the nation’s battered housing market. Depending on whom you ask, the forecast calls for either thunderstorms
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosure Filings Soar 90 Percent
  
  A growing number of American homeowners across the country are getting foreclosure notices, according to new data released this week by RealtyTrac. 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. “Such strong activity in the midst of the typical spring buying season could foreshadow even higher foreclosure levels later in the year,” said Saccacio. “Certainly U.S. foreclosure filings surged 90 percent in May
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Fannie: Q1 a Swift Kick in the Rear
  
  And as with many corporations in this country, the national economy is kicking Fannie around…fast and hard! One of the nation’s two Government Sponsored Enterprises (GSEs), Fannie reported a first quarter net loss of $2.2 billion — attributable at least in part to an increased number of foreclosures. 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. Although an improvement over
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Rate Cut, Real GDP Are Some Positive News
  
  One day after President Bush pointed the finger at Congress and told the American public to blame lawmakers for all of their recent financial woes, an inkling of actual positive news came out of Washington Wednesday with two announcements from government agencies. In the first, and the more closely watched of the two, the Federal Reserve took a much anticipated move to lessen the pressure on the nation’s economy by lowering the federal funds rate another 25 basis points to 2 percent (that’s a long way down from the 5.25 percent the Fed started with when it cut the first 50 basis points off in Sept.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Option ARM Borrowers Running Out Of Time
  
  Option ARM Borrowers Running Out Of Time By Peter G. You say you want to buy a home but have no money. Let me introduce you to the option ARM, an affordability mortgage product that can get you into the home of your dreams.... Of all the mortgage ideas developed during the past few years, none tops the option ARM for sheer awfulness. Miller    Step right up folks. You say monthly payments are unaffordable but you want to buy anyway.
  www.realtytrac.com - Tuesday, February 3, 2009
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