Category Archives: Foreclosures, Shadow Inventory

Properties Under Water at Lowest Level in Two Years

RealtyTrac® released its U.S. Home Equity & Underwater Report on April 17th. For the first quarter of 2014, the report shows that 9.1 million U.S. residential properties were seriously underwater — where the combined loan amount secured by the property is at least 25 percent higher than the property’s estimated market value — representing 17 percent […]

Buy-to-Rent Drops to Lowest Level Since March 2012

RealtyTrac® released its January 2014 Residential & Foreclosure Sales Report on Febraury 27th, showing that institutional investors — defined as entities purchasing at least 10 properties in a calendar year — accounted for 5.2 percent of all U.S. residential property sales in January, down from 7.9 percent in December and down from 8.2 percent in […]

Foreclosure Activity Up in January From December but Down from 2013

RealtyTrac® released its U.S. Foreclosure Market Report™ for January 2014 on February 13th.The report shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 124,419 U.S. properties in January an 8 percent increase from December but still down 18 percent from January 2013. The report also shows one in every 1,058 […]

Foreclosure Filings Drop 26% in 2013 to Lowest Annual Total Since 2007

RealtyTrac® released on January 16th its Year-End 2013 U.S. Foreclosure Market Report™ showing foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 1,361,795 U.S. properties in 2013, down 26 percent from 2012 and down 53 percent from the peak of 2.9 million properties with foreclosure filings in 2010. The 1.4 million […]

Fewer Home Mortgages Deeply Submerged

 RealtyTrac® on January 9th  today released its U.S. Home Equity & Underwater Report for December 2013, which shows that 9.3 million U.S. residential properties were deeply underwater — worth at least 25 percent less than the combined loans secured by the property — representing 19 percent of all properties with a mortgage in December. That was down […]

Foreclosure Activity Up Slightly in October on Rise in Judicial Auctions

RealtyTrac’s® October U.S. Foreclosure Market Report™ released on November 14th, showed filings — default notices, scheduled auctions and bank repossessions — were reported on 133,919 U.S. properties in October, a 2 percent increase from the previous month but a 28 percent decrease from a year ago. The report also shows one in every 978 U.S. housing […]

U.S. Housing Finance Reform: The Potential Credit Impact On Financial Institutions And Mortgage Insurers

September Foreclosure Activity Down 27% From Year Ago, 36th Month With Annual Declines

RealtyTrac® (www.realtytrac.com) released its U.S. Foreclosure Market Report™ for September and the third quarter of 2013, on October 11th. Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 131,232 U.S. properties in September, a 2 percent increase from the previous month but a 27 percent decrease from a year ago. […]

Cities Performance and Institutional Buying

The rebound from the lows for four of the 20 citites in  the S&P/Case-Shiller Home Price Indices standout — Phoenix, Las Vegas, Detroit and San Francisco. (see the right hand column in the table). All have bounced back by 25% or more.  While the price gains are certainly welcome news for home owners (and a […]

Housing Finance Agencies Fared Better Than States In The Recession

U.S. states have proven to be a very strong municipal sector. Standard & Poor’s Ratings Services’ median state rating is ‘AA+’ and ratings have trended higher during the past 40 years. The ability of states to increase revenue through taxation and fees, the economic diversification they have in comparison with localities, and the proactive response […]

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