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20 Articles match "Market","Michigan"
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The Latest 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 . Many more are losing their homes.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
ARM'd and Dangerous?
But our fascination with these loans and their impact on foreclosurerates may have had something of a blurring effect on how clearly weview the overall foreclosure market. And it probably accounts in large part for whats happeningin states like Ohio, Michigan and Indiana. In a worst-case scenario, this could have adevastating effect on the housing markets, driving down housing pricesand creating a "negative equity" spiral Another nice post from Jonathan Miller on his Matrix blog, "Foreclose Already So We Can Get Back To Normal" ( http://matrix.millersamuel.com/?p=568 p=568
www.foreclosurepulse.com
- Tuesday, December 16, 2008
Priced to Foreclose
Many of the states near thebottom of that list -- namely Michigan, Ohio, Indiana, Colorado, Texas and Georgia -- also appeared among the top 10 on RealtyTracs list of state foreclosure rates in the first quarter. There are certainly other forces at work in every housing market,influencing both home price appreciation and foreclosure rates. Wedlike to A new report shows a strong correlation between slow home priceappreciation and high foreclosure rates, although its clear thecorrelation does not involve a direct cause-and-effect relationship. The Office of Federal Housing
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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5 States = 55% of July Foreclosure Pie
California, Florida, Michigan, Ohio and Georgia together accounted for 55 percent of all U.S. Foreclosure Market Report released today. Californias foreclosure rate of one foreclosure filing for every 333 households slipped from third highest in June to fourth highest in July, behind foreclosure rates in Nevada, Georgia and Michigan. foreclosure filings in July, according to the RealtyTrac U.S. The foreclosure filings tracked in the report are default notices, auction notices and bank repossessions.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Appreciation Rates Foreshadow Foreclosures
Third-quarter house price appreciation figures released last week by the Office of Federal Housing Enterprise Oversight provide more evidence of a cooling real estate market and further foreshadowing of a continued rise in foreclosures — all pointing to more opportunities for real estate investors to buy low. Michigan home prices declined 0.6 The OFHEO report shows national house prices rose 7.73 percent from the third quarter of 2005, down from a 10.06
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. For the second consecutive quarter Michigan’s home price appreciation declined on a year-over-year basis, dropping 0.4 Not coincidentally, Michigan documented the nation’s second highest foreclosure rate in January 2007, according to RealtyTrac’s U.S 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
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Burning Down the House
For many real estate investors, the foreclosure market is smoking. But in Michigan, where foreclosures are widespread and a hot market for real estate investors, people are burning down the homes to avoid foreclosure . . . Last month, a Michigan homeowner in foreclosure was arrested for allegedly setting her three-year old Grand Rapids home on fire to collect the insurance money, according to the Grand Rapids Press . Foreclosures nationwide are heating up, especially in once-supercharged real estate bubbles like Florida, California, Nevada and Arizona. literally!
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Two Counts Show Foreclosure Activity Rising
Foreclosure Market Report , released yesterday. The addition of this (property count) metric to our foreclosure report was spurred by a data request for unique property addresses from the Federal Reserve Bank, which is using our data for market and risk analysis, and we believe it will serve as a valuable complement to the total foreclosure filing count that we have been including all along,” said Rick Sharga, RealtyTrac’s vice president of marketing. “It’s Both counts showed the same six states — Nevada, Colorado, California, More than 925,000 foreclosure filings were reported on more than 573,000 properties in the first half of 2007, according to the RealtyTrac Midyear 2007 U.S.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Priced to Foreclose
Many of the states near thebottom of that list -- namely Michigan, Ohio, Indiana, Colorado, Texas and Georgia -- also appeared among the top 10 on RealtyTracs list of state foreclosure rates in the first quarter. There are certainly other forces at work in every housing market,influencing both home price appreciation and foreclosure rates. Wedlike to A new report shows a strong correlation between slow home priceappreciation and high foreclosure rates, although its clear thecorrelation does not involve a direct cause-and-effect relationship. The Office of Federal Housing
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. Both the RealtyTrac and MBA reports identified Ohio and Michigan as states where foreclosure activity decreased in the first quarter. It’s too early to say that the lower 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
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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1 Million Foreclosures and Counting
Foreclosure Market Report , released today. Georgia, Michigan, Illinois, Florida, Ohio, Tennessee, New Jersey and Utah also documented foreclosure rates among the nation’s 10 highest in October. Foreclosures filings for the year surpassed the 1 million mark in October, when 115,568 foreclosure documents were recorded nationwide, according to the RealtyTrac U.S. The report shows a foreclosure rate of one new foreclosure filing for every 1,001 U.S.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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U.S. Foreclosure Activity Surges in First Quarter
Foreclosure Market Report released today. Colorado and Georgia rounded out the top three state foreclosure rates, followed by Michigan, California, Florida, Arizona, Ohio, Texas and New Jersey. U.S. foreclosure activity in the first quarter of 2007 was up 35 percent from the first quarter of 2006, according to the RealtyTrac U.S. The report documents a total of 437,498
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Credit Card and Mortgage Debt Fuels Foreclosure
Add mounting mortgage payments to the credit card debt and a gloomier picture emerges for overextended borrowers — in part because so many homeowners are now trapped by payments that are about to soar, even as the real estate market slumps. Foreclosure Market Report . Among the hardest-hit states were California, Florida, Texas, Michigan, Debt! No word better describes why millions of Americans are now facing foreclosure.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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