‘Turnaround year’ for O.C. real estate

Good news for real estate in the Orange County area! In a recent article by the Orange County Register, “the Orange County housing market ended 2012 on a strong note, as sales soared and prices climbed to the highest level in 4 1/2 years, according to two reports released”  recently. With both sales and prices up …

Continue reading ‘‘Turnaround year’ for O.C. real estate’ »

California’s Foreclosure Inventory Continues to Dry Up

“Foreclosure inventory in California continued its steady decline in November, according to data from ForeclosureRadar. The total number of preforeclosures, foreclosures scheduled for sale, and REOs fell 7.6 percent from October to November and declined by 31.8 percent from a year ago. ForeclosureRadar said, “the significant decline in foreclosure inventory over the past year has …

Continue reading ‘California’s Foreclosure Inventory Continues to Dry Up’ »

Delinquency Rate Falls After Spiking in September

After suddenly jumping 7.7 percent in September, the nation’s delinquency rate fell in October, according to “first look” data from Lender Processing Services (LPS). The delinquency rate stood at 7.03 percent in October, a decrease of 4.91 percent from September and 7.19 percent from last year. Historically, LPS says the delinquency rate is actually expected …

Continue reading ‘Delinquency Rate Falls After Spiking in September’ »

Foreclosures Remain High But Improving Yearly

Foreclosures Remain High but Improving Yearly: CoreLogic The number of completed foreclosures in May decreased yearly and increase slightly from the previous month, CoreLogic reported Friday. The number of completed foreclosures last month totaled 63,000 compared to 77,000 in May 2011 and 62,000 in April 2012. “Although the level of completed foreclosures remains high, it …

Continue reading ‘Foreclosures Remain High But Improving Yearly’ »