RealtyTrac has released its year-end 2010 foreclosure sales report, which shows that foreclosure homes accounted for nearly 26 percent of all U.S. residential sales last year, down from 29 percent of all sales in 2009 but up from 23 percent in 2008. The tracking firm defines a foreclosure sale as the sale of a property …
January’s foreclosure market report was released last week by RealtyTrac. Although the analysis shows that foreclosure filings increased by 1% from the previous month, but decreased by 17% from January 2010. A total of 75,198 U.S. properties received default notices in January–which is the lowest monthly total for default notices since July 2007. 261,333 U.S. …
Continue reading ‘Foreclosure Activity Down 17% from a Year Ago’ »
For the second week in a row, mortgage interest rates have edged up, according to data released Thursday by Freddie Mac. The GSE’s chief economist attributed the rise to positive news on the economic front that suggests the recovery is gaining some traction and consumers are more confident in the job market. According to Freddie …
RealtyTrac has released its 2010 foreclosure tallies for the nation’s largest metropolitan areas. The tracking firm found that foreclosure activity increased from 2009 in 149 of the 206 metros with a population of 200,000 or more, or 72 percent. Interestingly enough, the metro areas with the 10 highest foreclosure rates all posted decreasing activity from …
Continue reading ‘Foreclosures Up in 72% of Major Metros but Down in Hardest-Hit Areas’ »