Of the 212 metropolitan statistical areas studied by the California-based research firm, 120 markets, or 57% of all surveyed MSAs, saw foreclosure activity pick up in 2012 when compared to year. RealtyTrac: 57% of Metros See Increase in Foreclosure.
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flicker/mrzeon Foreclosure activity was down 4.8 percent in the third quarter from the previous quarter, according to RealtyTrac. And foreclosure activity was down nearly 13 percent from a year ago. But among the largest metro areas, New York, Tampa, Chicago and Seattle saw big increases in foreclosure activity.
United Wholesale tool keeps Realtors updated on mortgage. – RealtyTrac: Foreclosure activity picked up in 120 metros Housing wire: realtytrac: foreclosure activity Picked Up in 120 Metros. Washington Post: As Sequestration Looms, Contractors Don’t Fret. I would be shocked if these massive cuts to defense go through. Shocked.
"If something doesn’t pick up soon, I don’t know if it will. That was up from. "Investors have picked much of the low-hanging fruit when it comes to home flipping over the past three years since home prices bottomed out in the first quarter of 2012," said. housing wire: RealtyTrac: Foreclosure Activity Picked Up in 120 Metros.
Mortgages: Do We Need Inflation? – realtytrac.com – Real estate needs a pick-me-up, something of a surprise considering that home values remain below 2007 prices and mortgage rates continue to hover around 4 percent. Bargain prices and discount mortgage rates should result in soaring sales but that isn’t the case: Existing home sales trail 2013.
"Cold weather and a short month certainly contributed to a seasonal drop in foreclosure activity in February, but the reality is that new activity is no longer the biggest threat to the housing market when it comes to foreclosures," said Daren Blomquist, vice president at RealtyTrac said in a press release.
Home RealtyTrac: Many states witness housing reboot as foreclosure. Many states witness housing reboot as foreclosure activity rises.. foreclosure activity picked up in 120 metros. All told, foreclosure activity jumped in 149 of the country’s 206 largest metropolitan areas last year, foreclosure listing firm RealtyTrac Inc. said Thursday.
Foreclosures are expected to pick-up as soon as banks begin to clear their backlog of troubled loans. RealtyTrac is projecting a 25 percent increase in foreclosures in 2012. If an increase does occur, some housing experts wonder how it will impact overall home prices and whether the discounts for REOs will be even larger this time around.