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California Counties Top The List In The US Foreclosure Statistics

May 13, 2013 by Marco Santarelli

california foreclosure statisticsCalifornia Foreclosure Statistics

With Inland Empire foreclosures at pre-recession lows, Riverside County's foreclosure rate dropped to No. 21 statewide in April. A total 1,403 mortgage default notices, auction sale notices and bank repossessions were recorded in April, meaning 1 in 566 households was in some stage of foreclosure, according to Irvine-based RealtyTrac.

Of those, 45 were from Palm Desert, according to data provided by the organization to Palm Desert Patch. In Palm Desert:

  • One out of every 538 households received a foreclosure filing in April
  • That number was down by about 25% from March 2013, and down 55% from last April.
  • In April 2012, 100 households had been in default.

[Read more…]

Filed Under: Foreclosures, Housing Market Tagged With: Foreclosures, Housing Market

CoreLogic House Price Index Up 10.5%

May 8, 2013 by Marco Santarelli

CoreLogic today released its March CoreLogic HPI report. Home prices nationwide, including distressed sales, increased 10.5% on a year-over-year basis in March 2013 compared to March 2012. This change represents the biggest year-over-year increase since March 2006 and the 13th consecutive monthly increase in home prices nationally. On a month-over-month basis, including distressed sales, home prices increased by 1.9% in March 2013 compared to February 2013.

[Read more…]

Filed Under: Economy, Foreclosures, Housing Market Tagged With: Economy, Foreclosures, Housing Market

Zombie Foreclosures

April 10, 2013 by Marco Santarelli

Hundreds of thousands of homes in the US are now labeled as “zombie” foreclosures. That's when the owner of a foreclosed home leaves only to find out years later that he or she still legally owns the home and is on the hook for property taxes and other fees. Such cases occur in more than a third of foreclosures, industry figures show.

Although it's hard to quantify exactly how many homes fall into the category, real estate information company RealtyTrac says that, in the first three months of the year, roughly 302,000 homes qualified as “zombie” properties because the owner has moved out, but the bank has not yet taken possession.

[Read more…]

Filed Under: Economy, Foreclosures, Housing Market Tagged With: Foreclosures, Housing Market, Real Estate Market

5 Reasons Real Estate Prices Have Been Rising

December 3, 2012 by Marco Santarelli

Home prices rose by 0.1% in September from the prior month and by 3.6% from one year ago, the largest gain in six years, according to a report released Monday by Lender Processing Services.

Compared with one year ago, prices are up by 17.7% in Phoenix, the largest gain among the nation’s 40 largest metro areas. Other notable year-over-year increases include Detroit (11.7%), Las Vegas (11.5%), San Jose, Calif. (11.3%), San Francisco (10%), and Sacramento (8.3%).

Among the top 40 metros, only a handful have posted year-over-year declines, led by St. Louis, which was down by 4.1%. Bridgeport, Conn., was down by 2.3%, while Chicago (-0.5%) and Cincinnati (-0.1%) also posted declines.

[Read more…]

Filed Under: Foreclosures, Housing Market, Real Estate Investing Tagged With: home prices, Housing Market, Investment Property, Real Estate Investing, Real Estate Market, Real Estate Prices

65% of Housing Markets Worse Than Four Years Ago

October 22, 2012 by Marco Santarelli

Sixty-five percent of U.S. housing markets are worse off today than they were four years ago according to the California-based real estate research firm RealtyTrac.

The results of the survey arrive the same day as the final presidential debate and just weeks before the general election.

[Read more…]

Filed Under: Economy, Foreclosures, Housing Market, Real Estate Investing Tagged With: Economy, home prices, Housing Market, Real Estate Economics, Real Estate Investing, RealtyTrac

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