For fifty consecutive months foreclosure notices filed against U.S. homes have risen on a year over year basis, according to the latest Realty Trac monthly report. Notices of foreclosure activity were filed against 308,524 properties in February. Foreclosure auctions, including notices of Trustee’s Sales and Notices of Sheriff’s Sales, the last steps in the foreclosure… Continue reading Foreclosures Keep Pace
Category: Florida
Florida housing market
2010 Florida Housing Market
The impact of the BP oil disaster is making a devastating impact on the Gulf Coast region of Florida, while other areas of the state are seeing little fallout in their real estate markets. Florida’s housing market was seeing a rebound in sales, jettisoned by federal tax credits, near record low mortgage rates and lower… Continue reading 2010 Florida Housing Market
Sunbelt States Losing Population
In a major reversal of trends, for the first time many of the most populated Sunbelt states are losing population as a result of the real estate crash and financial strain. It’s the first time in decades that many of the country’s finest Sunbelt states, including Florida, Nevada and Arizona have experienced a drop in… Continue reading Sunbelt States Losing Population
Mellowing in the Muck of Miami
By Mark Collingsworth Miami – Bright lights burst with radiance from Miami Beach condo balconies in the night’s darkness. Towers of high-rise condos that stood without signs of life just a few months ago are lighting up, indicating that more residents are moving into the half empty buildings. Mired in the muck of one of… Continue reading Mellowing in the Muck of Miami
Huge Rise in Walkaways
A growing number of homeowners are doing what was once unthinkable strategically walking away from mortgages, and the trend is showing huge signs of increasing with the approval of academia. A consulting company working for financial institutions, Oliver Wyman estimates that 16% of current foreclosures are of mortgage borrowers intentionally walking away, choosing to… Continue reading Huge Rise in Walkaways
Markets on the Mend in Time for Christmas
By Kevin Chiu It’s the season of comfort and joy, Christmas trees and Santa Claus flying down the chimney. All of us wish for World Peace. We hope for a New Year that will be better than 2009 when the World’s financial system nearly blew up on Wall Street. In the face of all the… Continue reading Markets on the Mend in Time for Christmas
Housing Shows Stabilization
By Mike Colpitts More than four years after beginning its downturn, many housing markets are stabilizing. Stabilization is key and the first step in the recovery process as markets settle from the worst housing crash since the Great Depression. The long-running housing depression is far from over, but there are more indications that stabilization is… Continue reading Housing Shows Stabilization
2015 Florida Housing Market Predictions
The Florida Housing Market is not necessarily busting at the seams, but statewide housing data indicates that the market is growing along normal trend lines. This means that the pace of sales, median sale price increases, and other significant data tell of moderate and sustainable growth. Florida continues to be one of the most desirable… Continue reading 2015 Florida Housing Market Predictions
Foreclosures Rise 18%
The epidemic of foreclosures is rising, according to newly released figures from RealtyTrac, despite a slight slowdown in activity during the month of May. Year over year foreclosures rose 18%. Foreclosure filings, including default notices, scheduled auctions and bank repossessions were reported on 321,480 properties during the month, a decrease of 6% from April. The… Continue reading Foreclosures Rise 18%
The Best Real Estate Markets 2013
When considering which real estate markets are the best, it is wise to look at home sales among other aspects as this number often reveals a thriving real estate market. Below is a list of the top 25 real estate markets in America today from the least to the greatest: Oklahoma City, Oklahoma: According to… Continue reading The Best Real Estate Markets 2013