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Posts with tag RealtyTrac

U.S. foreclosure activity jumps 48% in May, RealtyTrac says

Posted Jun 13th 2008 2:40PM by Joseph Lazzaro
Filed under: Forecasts, Bad news, Economic data, Housing, Recession

Home foreclosure activity jumped 48% in May compared to a year ago, as substantially more default notices, auction sales notices, and bank repossessions were reported than in the same month a year ago, research firm RealtyTrac announced Friday.

In May, one in every 483 U.S. households received a foreclosure notice, RealtyTrac said, adding that foreclosure activity increased in 40 of 50 states in the same period.

Foreclosure filings - - which include default notices, auction sales, and bank repossessions - - totaled 261,255 in May, a 7% increase from April and a 48% increases from a year ago, RealtyTrac announced.

Continue reading U.S. foreclosure activity jumps 48% in May, RealtyTrac says

U.S. foreclosures rise 23% in Q1 and 112% in past year

Posted Apr 29th 2008 2:42PM by Joseph Lazzaro
Filed under: Bad news, Economic data, Housing, Recession

Home foreclosure activity jumped 23% in Q1 2008 and a whopping 112% in the past 12 months, as the housing sector's deep recession continues. And substantially more default notices, auction sales notices, and bank repossessions were reported in Q1, research firm RealtyTrac announced Tuesday.

In Q1 2008, one in every 194 U.S. households received a foreclosure notice, RealtyTrac said, adding that foreclosure activity increased in 46 of 50 states and in 90 of the nation's 100 largest cities in the same period.

State foreclosure rates

In Q1 2008, Nevada (one in 54 households) had the U.S.'s highest foreclosure rate, followed by California (one in 78 households), and Arizona (one in 95 households). Vermont (one in 103,186 households), North Dakota (one in 6,156 households), and West Virginia (one in 6,138) had the nation's lowest foreclosure rates.

Continue reading U.S. foreclosures rise 23% in Q1 and 112% in past year

Foreclosures up 60% in February -- not the peak yet

Posted Mar 13th 2008 12:31PM by Joseph Lazzaro
Filed under: Bad news, Economic data, Housing, Recession

Home foreclosure activity dipped 4% in February 2008, as fewer default notice, auction sales notices and bank repossessions were reported than the previous month. However, overall activity remains 60% higher than a year ago, research firm RealtyTrac announced Thursday.

From February 2006 to February 2007 foreclosure activity rose 19%, RealtyTrac said.

Foreclosure filings totaled 223,651 in February 2008, a 60% increase from February 2007, with 1 in 557 U.S. households receiving a foreclosure notice during the month.

State foreclosure rates

Nevada (1 in 165 households) had the U.S.'s highest foreclosure rate, followed by California (1 in 242 households), followed by Florida (1 in 254 households). Vermont (1 in 76,836 households), West Virginia (1 in 22,364), and North Dakota (1 in 13,839) had the nation's lowest foreclosure rates.

Continue reading Foreclosures up 60% in February -- not the peak yet

U.S. home foreclosures surge 75% in 2007

Posted Jan 29th 2008 10:00AM by Joseph Lazzaro
Filed under: Bad news, Economic data, Housing, Recession

U.S. foreclosure filings increased 75% in 2007 to 2.2 million, with more than 1% of all U.S. households facing foreclosure, a leading real estate market research company announced Tuesday.

Foreclosures in 2007 totaled 2,203,295 up from 1,285,873 in 2006, RealtyTrac announced Tuesday in a statement.

The report also shows that more than 1% of all U.S. households were in some stage of foreclosure during the year, up from 0.58% in 2006.

Foreclosure filings increased at the end of the year, with December 2007 marking the fifth straight month of more than 200,000 foreclosures reported, RealtyTrac said.

Continue reading U.S. home foreclosures surge 75% in 2007

What Stockton, Calif. says about the troubled real estate market

Posted Nov 14th 2007 2:20PM by Jonathan Berr
Filed under: Economic data, Housing

Stockton, California led the U.S. in foreclosures in the third quarter among the top 100 metropolitan areas with an astounding one filing for every 31 households, The Associated Press reported, citing data from RealtyTrac.

The real estate market in California's Central Valley is especially bad because there was a ton of new construction and speculative buying during the boom, according to the Stockton Record. Indeed, the City of Stockton said on its website that people bought homes "without sufficient consideration or understanding of their loan agreements and mortgage responsibilities."

Continue reading What Stockton, Calif. says about the troubled real estate market

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Last updated: November 21, 2008: 08:46 PM

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