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6 Articles match "July","Real Estate","Sales"
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The Latest from RealtyTrac
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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 their peak in July 2006. "There percent from July 2007, the smallest annual decline among the 20 cities tracked in the report, followed by Dallas, which reported a 2.5 Does this make it a good time to buy real estate? percent from a year ago, according to the S&P/Case-Shiller Home Price Index released today. Prices in those metro areas were down 19.5
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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
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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The Best from RealtyTrac
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MORE
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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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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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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. So, 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 all
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% moratorium on all foreclosure sales scheduled in April there has now been replaced by a pilot program that delays foreclosure proceedings on owner-occupied properties until the homeowner and lender meet in a "conciliation conference," according to the Philadelphia Business Journal . Foreclosure sales originally scheduled for April and May will be postponed until at least July. 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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OTS Director Offers Alternative Plan to Congress
Under the FHA Housing Stabilization and Homeownership Retention Act of 2008 (the HSHR Act), the FHA proposes to guarantee up to $300 billion in new mortgages to refinance existing eligible mortgages originated between January 1, 2005 and July 1, 2007, the report notes. Using the proceeds of the new FHA loan for existing loan holders via a short sale or a partial payment to pay off the existing mortgage is likewise similar. In a statement delivered before the Committee on Financial Services of the U.S. House of Representatives earlier this week, John M.
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 their peak in July 2006. "There percent from July 2007, the smallest annual decline among the 20 cities tracked in the report, followed by Dallas, which reported a 2.5 Does this make it a good time to buy real estate? percent from a year ago, according to the S&P/Case-Shiller Home Price Index released today. Prices in those metro areas were down 19.5
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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