17 Articles match "January","Real Estate","Report"

The Latest from RealtyTrac MORE
Fed, World's Banks Pull Off Global Rate Reduction
rdquo; The New York Times reported Wednesday that in a speech delivered the day before to members of the National Association for Business Economics, Bernanke said the economic turmoil has caused the Fed to downgrade its “already-gloomy economic outlook.” As has been the case for some time, the housing market continues to be a primary source of weakness in the real economy as well as in the financial markets,” Bernanke said. “However, 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.
www.foreclosurepulse.com - Thursday, December 18, 2008
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Legislating Lower Foreclosure Rates?
Local mortgage planning specialist and blogger Dan Green created the map to the right showing where mortgage fraud has been reported in Chicago (black dots and orange fill) and where the pilot program is being applied (red fill). One such law is Illinois Senate Bill 2349 , which passed back in June and is scheduled to become effective January 1, 2007. An Illinois law intended to help reduce foreclosures is drawing cries of discrimination from some of the people it is trying to protect, according to the Chicago Defender newspaper. “Nearly 60 days after Illinois House Bill 4050 went into effect to supposedly protect consumers from predatory lenders, a coalition of Black and Latino city residents say the new law is actually destroying property values in select minority communities.” The law is a pilot program that is being applied in 10 Chicago zip codes chosen for their high foreclosure rates, among other factors.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Short sales rising
While short sales remain a small segment of the residential real estate market, the increase bears watching for investors, buyers and real estate agents. Nationwide, a total of 130,511 new foreclosure filings were reported in January, a 19 percent increase from the previous month and a 25 percent increase from January 2006, according to ReaaltyTrac’s U.S. Foreclosure Scanning the Southern California Multiple Listing Service (MLS) last week, the one thing that stands out is the growing number of short sales. Last year, you rarely saw the phrase
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • The Best from RealtyTrac MORE
  • Gentle January Foreclosure Increase
    Although they were up 57 percent from January 2007 and 8 percent from December, the January foreclosure numbers released today by RealtyTrac do not appear to represent the massive wave of foreclosures that is expected to hit sometime soon thanks to the rash of risky loans given to borrowers as late as just last year . Its too early too tell if the relatively meek January numbers mean more distressed homeowners are staving off foreclosure thanks to increasingly pro-active lenders and government intervention , or if they just represent the first few raindrops of what will prove
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Feb. Foreclosure Report: Are We at Bottom Yet?
    Foreclosure Market Report . 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 down 6 percent from January. 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. 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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  • Foreclosure Downpour Continues in May
    Foreclosure Market Report released today. The report showed one in every 483 U.S. households received a foreclosure filing during the month, the highest monthly foreclosure rate since RealtyTrac began issuing its report in January 2005. Bank repossessions (REOs) accounted for 28 percent of the total activity and the biggest increase among the three types of foreclosure filings tracked in the report. Foreclosure activity continued its upward climb in May, increasing on a year-over-year basis for the 29th consecutive month, according to the RealtyTrac U.S. REOs were
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Short sales rising
    While short sales remain a small segment of the residential real estate market, the increase bears watching for investors, buyers and real estate agents. Nationwide, a total of 130,511 new foreclosure filings were reported in January, a 19 percent increase from the previous month and a 25 percent increase from January 2006, according to ReaaltyTrac’s U.S. Foreclosure Scanning the Southern California Multiple Listing Service (MLS) last week, the one thing that stands out is the growing number of short sales. Last year, you rarely saw the phrase
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Economic Indicators: Image Is Everything
    When it comes to purchasing real estate — either as a primary residence or as an investment — perception is everything. 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. So it is with real estate. Four real estate industry related reports have already been released this week, and Wall Street has reacted.
    www.foreclosurepulse.com - Tuesday, December 16, 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. million units economists had predicted and the largest monthly increase since January 2006. To Total housing starts rose 9 percent to a seasonally adjusted annual rate of 1.5 million units in February, higher than the 1.4
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Home Prices Fall Deeper Into the Abyss
    The S&P figures for May show declines in all 20 metro areas reported for the second straight month — nine with record lows and 10 in double digits. percent from a year ago, while its composite 20 metro areas also reported a record yearly decline of 15.8 percent from May 2007 to a level below where home prices stood back in January 2000. Homeowners across the country may be feeling a bit like Mel Brooks’ character from his movie “High Anxiety” now that Standard and Poor’s has released its May numbers for the S&P/Case-Shiller Home Price Indices .
    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 reported in the fourth quarter of 2007 and up 93 percent from the 1.28 percent reported in the first quarter of 2007. The trend lines are even closer when looking 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
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Subprime Market Sinking Further Into the Abyss
    The latest developments in the subprime lending market should have the entire real estate industry up in arms (figuratively and literally). which just last month was boasting an increase in loan production for January 2007 over numbers reported for the same month a year earlier. based lender announced that it was the subject of a federal investigation into charges of accounting errors and stock trading, according The problem has gone far beyond the $1 trillion worth of so-called “exotic” adjustable rate loans resetting in each of the next two years. Borrowers began
    www.foreclosurepulse.com - Tuesday, December 16, 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. Foreclosure filings were reported on 243,353 U.S. quot; View full RealtyTrac report. According to the RealtyTrac U.S. properties during the month -- certainly a big number, although only a tiny fraction of the nation's 126 million total housing units.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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