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...
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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,...
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In Shelby County, there were 1,030 total foreclosures in the first quarter this year, according to real estate information company Chandler Reports. That’s down from 1,252 foreclosures during the same period in 2012 – a drop of 17%. Pull back one year before that, though, and the number of foreclosures had spiked to 1,235...
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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...
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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...
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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 the rest of 65% of Housing Markets...
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We’ve all heard that the housing bubble’s pop led to thousands of foreclosures, but its interactive maps like this that really show how prevalent the problem was — and still is. Part of a project on 30 election issues, the map below uses data from RealtyTrac to display foreclosure rates by county. The darker...
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After nine consecutive months of appreciation, August was the first month where home values decreased by 0.1% to $152,100, according to Zillow. 2012 has seen a turnaround in the housing market with sustained appreciation that, at times, has been very strong. As we progress through the latter half of this year, we expect home...
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The Wall Street Journal and The New York Times both published articles in the past six weeks stating that the housing market has reached a bottom. But hold on for just a minute… It seems that not everyone believes it. Even Yale professor Robert Shiller, co-founder of the S&P/Case-Shiller Home Price Index, admits to...
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Some earlier news … • From Chicago ISM: Chicago Business Barometer gained incrementally The PMI increased to 53.7 from 52.9. Expectations were for a decrease to 52.5. The employment index decreased to 53.5 from 60.4, and new orders increased to 52.9 from 51.9. • From Reuters: Consumer confidence rises in July The Conference Board,...
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