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 …

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California housing on the rebound?

California housing rebound picks up speed, Realtors report | article by the OC Register “California’s housing rebound is picking up steam. Homes in May moved statewide at their fastest pace – and enjoyed their biggest year-over-year gain – in three years, according to the California Association of Realtors. The Realtors’ May report noted these statewide trends for single-family …

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Loan Performance Improves, Foreclosure Starts Down, LPS Reports

Across the board, loan performance improved for February, and foreclosure starts were down compared to the month before in January, according to a report from LPS Applied Analytics. Despite the decrease in foreclosure starts, foreclosure inventory still remains near historic highs, while delinquency rates are at their lowest level since August 2008, LPS reported. Foreclosure …

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Forecasting Home Price Recovery

Home prices in many areas are already rebounding from the bottom of the market, according to the March HomeValueForecast.com update from Pro Teck Valuation Services. This month, the company explores the turnover rate, which is the number of non-distressed sales divided by the total housing stock in a particular market. Pro Teck says this calculation …

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