16 Articles match "Houses","January","Percent"

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Don't Dump Investors
After all, its in our national interest to protect investors — unless, of course, theyre folks who merely bought a house or two. According to the National Association of Realtors, the median price of an existing home rose from $124,800 in 1998 to $201,100 as of January 2008. The Census Bureau says that at the end of 2007 there were 128 million housing units in the U.S. Don’t Dump Investors By Peter G. Miller    When it comes to bailing out giant banks, huge companies and massive stock brokerages theres no shortage of government
www.realtytrac.com - Tuesday, February 3, 2009
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High-End Foreclosures Rising Among Top Tier Homes
High-End Foreclosures Rising Among Top Tier Homes By Octavio Nuiry, RealtyTrac Staff Writer    Until now, the foreclosure crisis was confined to a narrow niche of middle-class urban communities and outer-rim new housing developments where first-time homeowners and real estate speculators benefited briefly from favorable financing. The rising trend of prime delinquencies among the wealthy poses a new threat to a battered housing market, which McCabe and others specialists claim is in a recession or heading towards one. “The next two years
www.realtytrac.com - Tuesday, February 3, 2009
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Fed, World's Banks Pull Off Global Rate Reduction
Ben Bernanke and his team at the Federal Open Market Committee took the federal funds rate down another 50 basis points (one-half a percent) to 1.5 percent. percent. rdquo; In fact, during that speech Bernanke made it clear that the housing market was a key factor in that In an unprecedented move aimed at quelling the mounting tidal wave of unrest affecting the world’s economies and investors, the Federal Reserve, in partnership with other central banks around the world, pulled off a coordinated reduction of short-term interest rates Wednesday. Citing the recent intensification
www.foreclosurepulse.com - Thursday, December 18, 2008
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  • U.S. Housing Starts Rise, Though Permits Fall
    The pace of new home construction jumped in February by the largest amount in more than a year, but building permits continued to decline, indicating future weakness in the housing market, according a new Commerce Department report today. Total housing starts rose 9 percent to a seasonally adjusted annual rate of 1.5 million million units in February, higher than the 1.4 That's a welcome rebound following the decline last month, when construction activity nose-dived more than 14 percent.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Housing glut gives foreclosure buyers and investors advantage
    Storm clouds are gathering over the nation’s battered housing market. Fueling the latest concerns is a deluge of discouraging data in the housing sector. The biggest declines were in Florida-Sarasota-Bradenton (down 18 percent), Palm Bay-Melbourne (17 percent) and Cape Coral-Fort Myers (12 percent). At the same time, Depending on whom you ask, the forecast calls for either thunderstorms or gale force hurricane winds. 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
    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 percent from the previous quarter and up 5.9 percent from the fourth quarter of 2005 — down from the 7.9 percent year-over-year increase reported in the third quarter of 2006.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Feb. Foreclosure Report: Are We at Bottom Yet?
    February foreclosure activity was down 4 percent from the previous month but still up 57 percent from February 2007, according to the latest RealtyTrac U.S. The February monthly decrease is more likely a seasonal decrease helped along by a shorter-than-average month and the fact that Januarys numbers are often padded with some pent-up foreclosure activity from the holiday season. foreclosure activity was Foreclosure Market Report . So does the monthly decrease mean weve hit a ceiling of sorts for this cycle in terms of foreclosures?
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • MBA Survey Confirms Q1 Foreclosure Surge
    Foreclosure Market Report released at the end of April, which found overall foreclosure activity increased 23 percent from the fourth quarter of 2007 and 112 percent from the first quarter of 2007. percent at the end of the first quarter, up 21 percent from the 2.04 percent reported in the fourth quarter of 2007 and up 93 percent from the 1.28 The first quarter MBA National Delinquency Survey released today largely supports the findings of the RealtyTrac Q1 2008 U.S. That closely mirrored the trend in MBA’s foreclosure rate, which put the percentage
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Too Soon For a Comeback
    The bottom line is that no one can say anything with 100 percent certainty given the current state of our national economy. Even the National Association of Realtors, which has come out with its latest report documenting a two percent decline in existing home sales for March 2008, down 19.3 percent from March 2007, can’t be certain. At present it does not appear that there is enough evidence yet to declare that a market comeback is in the offing. Although industry analysts were anticipating this monthly decline, according to Mortgage News Daily .
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Economic Indicators: Image Is Everything
    1) The National Association of Realtors announced Monday that existing home sales nationwide were up for the month of February compared to January. 3) The Conference Board’s Consumer Confidence Index also came out Tuesday with its analysis showing that consumer confidence in the nation’s economy slid nearly 12 percent in March following a sharp decline in February, and remaining at a five-year low. percent from the month before When it comes to purchasing real estate — either as a primary residence or as an investment — perception is everything. When reports of telltale economic
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Fed, World's Banks Pull Off Global Rate Reduction
    Ben Bernanke and his team at the Federal Open Market Committee took the federal funds rate down another 50 basis points (one-half a percent) to 1.5 percent. percent. rdquo; In fact, during that speech Bernanke made it clear that the housing market was a key factor in that In an unprecedented move aimed at quelling the mounting tidal wave of unrest affecting the world’s economies and investors, the Federal Reserve, in partnership with other central banks around the world, pulled off a coordinated reduction of short-term interest rates Wednesday. Citing the recent intensification
    www.foreclosurepulse.com - Thursday, December 18, 2008
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  • A (Relatively) Few Bad Apples Spoil the Barrel
    Foreclosure Market Report issued today, the total number of properties with foreclosure activity in April reached the highest level on a monthly basis since RealtyTrac began issuing the report in January 2005. properties during the month -- certainly a big number, although only a tiny fraction of the nation's 126 million total housing units. Still, nearly a quarter According to the RealtyTrac U.S. Foreclosure filings were reported on 243,353 U.S.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Michigan Goes Hollywood to Help Homeowners
    Rather, it’s more of a “reality” television show. The State of Michigan is hitting the airwaves with a cable television show of its own called “House Michigan” aimed at promoting homeownership and everything that entails. Since January 2006 Michigan has ranked in RealtyTrac’s top 10 states with the greatest foreclosure activity in the nation, most of that time maintaining a position in the top five. Lights! Camera!
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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