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RealtyTrac

Five Percent Monthly Dip in Nationwide Foreclosure Activity Recorded in April

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RealtyTrac has released its U.S. Foreclosure Market Report for April 2012, which shows foreclosure filings, including default notices, scheduled auctions and bank repossessions, were reported on 188,780 U.S. properties in April, the lowest monthly total since July 2007. April foreclosure activity decreased five percent from the previous month and was down 14 percent from April 2011. One in every 698 U.S. housing units had a foreclosure filing during the month.Click to continue

Foreclosures Nationwide See Mixed Results in Q1

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RealtyTrac has released its Q1 2012 Metropolitan Foreclosure Market Report, which shows first quarter foreclosure activity increased from the previous quarter in 114 out of the nation’s 212 metropolitan areas with a population of 200,000 or more. First quarter foreclosure activity increased from the previous quarter in 26 out of the nation’s 50 largest metro areas, led by Pittsburgh (up 49 percent), Indianapolis (up 37 percent), Philadelphia (up 30 percent), New York (up 24 percent), Raleigh, N.C. (up 23 percent), and Virginia Beach, Va. (up 22 percent).Click to continue

RealtyTrac Acquires Homefacts and Adds James Moyle to Its Executive Team

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RealtyTrac has announced the acquisition of online data aggregator Homefacts in the company’s latest move to grow its market presence and arm consumers with the information they need during the homebuying process.Click to continue

Short Sales See 33 Percent Year-Over-Year Gains in January

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RealtyTrac has unveiled a new report outlining expected short sale trends in 2012, showing a 33 percent year-over-year increase in pre-foreclosure sales (typically short sales) in January 2012, with annual increases in 32 states, including Georgia (113 percent increase), Michigan (90 percent increase), California (52 percent increase), Texas (48 percent increase), Arizona (44 percent increase), Nevada (36 percent increase), and Florida (20 percent increase). Short sales outnumbered real estate-owned (REO) sales in 12 states, including Utah, California, Arizona, Florida, IndiaClick to continue

Foreclosure Activity Hits Lows Last Seen in 2007

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According to the RealtyTrac U.S. Foreclosure Market Report for the first quarter of 2012, which shows foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 572,928 properties during the quarter, down two percent from the previous quarter and down 16 percent from the first quarter of 2011. The first quarter total was the lowest quarterly total since the fourth quarter of 2007, when 527,740 properties with foreclosure filings were reported. The report shows one in every 230 U.S.Click to continue

Foreclosures Nationwide See Two Percent Monthly Drop

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RealtyTrac has released its U.S. Foreclosure Market Report for February 2012, which shows foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 206,900 U.S. properties in February, a two percent decrease from the previous month and an eight percent drop from February 2011—the lowest annual decrease since October 2010. The report also shows one in every 637 U.S. housing units with a foreclosure filing during the month.Click to continue

Soaking Up REO Inventory Like a Sponge

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The perception continues to persist that bank-owned properties are saturating the housing market nationwide, making it difficult for banks to unload these properties and giving buyers the upper hand in submitting lowball offers.Click to continue

REOs Comprise 24 Percent of Q4 Home Sales Nationwide

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RealtyTrac has released its 2011 fourth quarter and year-end 2011 U.S. Foreclosure Sales Report, which shows that sales of homes that were in some stage of foreclosure or real estate-owned (REO) accounted for 24 percent of all U.S.Click to continue

REOs and Foreclosures Account for 20 Percent of Q3 U.S. Home Sales

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RealtyTrac has released its Third Quarter 2011 U.S. Foreclosure Sales Report, which shows that sales of homes that were in some stage of foreclosure or real estate-owned (REO) properties accounted for 20 percent of all U.S.Click to continue