Real Estate News

Foreclosures fell in five of the top ten markets for distressed sales during the third quarter, but new foreclosure hot spots cropped up in unlikely Western markets, according to RealtyTrac.0Fri, 30 Oct 2009 07:00:00 GMTForeclosures fell in five of the top ten markets for distressed sales during the third quarter, but new foreclosure hot spots cropped up in unlikely Western markets, according to RealtyTrac's Q3 2009 Metropolitan Foreclosure Market Report.

RealtyTrac released its Q3 2009 Metropolitan Foreclosure Market Report, showing that foreclosure rates spreading to new metros in several states.0Wed, 28 Oct 2009 07:00:00 GMTRealtyTrac, an online marketplace for foreclosure properties, has released its Q3 2009 Metropolitan Foreclosure Market Report, which shows that cities in California, Florida and Nevada accounted for the 10 highest foreclosure rates in the third quarter among metro areas with a population of 200,000 or more.

"We're not out of the woods yet," says Rick Sharga, RealtyTrac's senior vice president.0Wed, 28 Oct 2009 07:00:00 GMTThe foreclosure crisis may be coming to a middle-class neighborhood near you. As joblessness continues to rise and as a person'sunemployment lasts on average 6.5 months, roughly 3.4 million homes are expected to go into foreclosure by the end of 2009. That's up from 1.2 million homes in 2007, according to RealtyTrac, a subscription-based site that tracks foreclosures nationwide. "We're not out of the woods yet," says Rick Sharga, RealtyTrac's senior vice president.

Honolulu's foreclosure rate of one filing per every 282 households was ranked No. 133 out of 203 metros, according to the latest report released today from RealtyTrac, an online foreclosure marketplace.0Wed, 28 Oct 2009 07:00:00 GMTHonolulu's foreclosure rate of one filing per every 282 households was ranked No. 133 out of 203 metros, according to the latest report released today from RealtyTrac, an online foreclosure marketplace. "Honolulu is right in the middle of the pack, but we've seen the numbers coming up," said Daren Blomquist, marketing manager for RealtyTrac.

A swath of Southern California that includes Los Angeles, Long Beach and Santa Ana saw a higher number of homes in the foreclosure process in the third quarter, according to RealtyTrac.0Wed, 28 Oct 2009 07:00:00 GMTA swath of Southern California that includes Los Angeles, Long Beach and Santa Ana saw a higher number of homes in the foreclosure process in the third quarter, according to RealtyTrac.

Five cities that rank in the top 10 foreclosure markets saw the number of properties with foreclosure filings decline, according to the latest report from RealtyTrac. 0Wed, 28 Oct 2009 07:00:00 GMTSome of the nation’s foreclosure epicenters, including perennial chart-toppers Merced and Stockton, Calif.– are seeing a decline in foreclosure activity. But the pain is intensifying in a new crop of Western cities, which have been hard hit by rising unemployment.

Some new foreclosure hot spots are emerging, giving the old standbys some company, according to RealtyTrac.0Wed, 28 Oct 2009 07:00:00 GMTSome new foreclosure hot spots are emerging, giving the old standbys some company. Metro areas like Boise City-Nampa, Idaho, and Provo-Orem, Utah, had the biggest year-over-year increases in foreclosure rates among the top 50 foreclosure areas for the third quarter, according to the latest market report from RealtyTrac, a foreclosure listing service.

Reno-Sparks, Nev., broke into the Top 10 foreclosure metros in the third quarter, according to a RealtyTrac.0Wed, 28 Oct 2009 07:00:00 GMTAs the subprime-mortgage crisis eases for some of the top metro areas, like Merced and No. 3 Cape Coral-Fort Myers, Fla., economic pressures are creating new foreclosure capitals. One of them, Reno-Sparks, Nev., broke into the Top 10 foreclosure metros in the third quarter, according to a RealtyTrac report released Thursday. And others are gaining fast.

RealtyTrac reported Nevada led the nation in the percentage of housing units receiving foreclosure filings in September and the third quarter.0Wed, 28 Oct 2009 07:00:00 GMTRealtyTrac reported Nevada led the nation in the percentage of housing units receiving foreclosure filings in September and the third quarter.

RealtyTrac released its list of cities with the biggest foreclosure problems during the third quarter.0Wed, 28 Oct 2009 07:00:00 GMTWhile foreclosure rates are easing in some of the hardest-hit cities, the crisis is beginning to expand into new metro areas. On Wednesday, RealtyTrac released its list of cities with the biggest foreclosure problems during the third quarter. As expected, towns in California, Florida and Nevada dominated the top 10, with Las Vegas taking the top spot with a rate of 1 in 20 homes. That's a 53% increase over the third quarter 2008.

While foreclosure rates are easing in some of the hardest-hit cities, the crisis is beginning to expand into new metro areas.0Wed, 28 Oct 2009 07:00:00 GMTWhile foreclosure rates are easing in some of the hardest-hit cities, the crisis is beginning to expand into new metro areas.

Las Vegas had the highest U.S. foreclosure rate in the third quarter, followed by cities in California and Florida, RealtyTrac Inc. said. 0Wed, 28 Oct 2009 07:00:00 GMTLas Vegas had the highest U.S. foreclosure rate in the third quarter, followed by cities in California and Florida, as unemployment left more borrowers unable to make their mortgage payments, RealtyTrac Inc. said.

U.S. mortgage defaults ebbed in some hard-hit cities in the third quarter, real estate data company RealtyTrac said.0Wed, 28 Oct 2009 07:00:00 GMTU.S. mortgage defaults ebbed in some hard-hit cities in the third quarter, but unemployment created new trouble spots as foreclosures set a record in the quarter, real estate data company RealtyTrac said.

Despite an overall increase in foreclosures, some metro areas are seeing rates decrease and other areas developing into trouble spots. 0Wed, 28 Oct 2009 07:00:00 GMTDespite an overall increase in foreclosures, some metro areas are seeing rates decrease and other areas developing into trouble spots.

Home foreclosures increased 22.5% in third quarter 2009 vs. third quarter 2008.0Tue, 27 Oct 2009 07:00:00 GMTHome foreclosures increased 22.5% in third quarter 2009 vs. third quarter 2008. The data was provided by RealtyTrac, an online real estate marketplace that tracks foreclosures. The interactive was updated Oct. 23, 2009 and will be updated quarterly.

The number of foreclosure filings rose 5 percent in the third quarter to a record level, RealtyTrac reported.0Thu, 15 Oct 2009 07:00:00 GMTThe number of foreclosure filings rose 5 percent in the third quarter to a record level, RealtyTrac reported. The firm says foreclosure-related actions occurred on 1 in every 136 US housing units during the quarter.

Residential mortgage foreclosure filings fell nationwide in September -- but not in Nevada.0Thu, 15 Oct 2009 07:00:00 GMTResidential mortgage foreclosure filings fell nationwide in September -- but not in Nevada.

One in every 251 homes in the borough was in foreclosure during the third quarter, according to a report released today by RealtyTrac, which also posted the highest-ever quarterly number of foreclosures nationwide.0Thu, 15 Oct 2009 07:00:00 GMTOne in every 251 homes in the borough was in foreclosure during the third quarter, according to a report released today by RealtyTrac, which also posted the highest-ever quarterly number of foreclosures nationwide. "The foreclosure activity is not relenting yet. We are still seeing increases, and Richmond County continues to rank among one of the top five counties in the state in terms of the foreclosure rate," said Daren Blomquist, a spokesman for California-based RealtyTrac, who attributes the latest spike to rising unemployment and more problematic adjustable rate loans resetting.

Foreclosure activity in Virginia rose 4.1 percent from July through September from the same period a year ago, according to a RealtyTrac report being released this morning.0Thu, 15 Oct 2009 07:00:00 GMTForeclosure activity in Virginia rose 4.1 percent from July through September from the same period a year ago, according to a RealtyTrac report being released this morning.

Foreclosure filings in Sarasota County spiked by 50 percent in September, even as an end-of-summer lull continued in Manatee and Charlotte counties, According to RealtyTrac.0Thu, 15 Oct 2009 07:00:00 GMTForeclosure filings in Sarasota County spiked by 50 percent in September, even as an end-of-summer lull continued in Manatee and Charlotte counties, According to RealtyTrac.