November marked the first time since February 2009 that the number of monthly foreclosures filings failed to surpass 300,000 units.
photo © 2008 Jeff Turner | more info (via: Wylio) At lunch today the subject of short sales and foreclosures in Oklahoma City came up. The question was what percentage of our sales are short sale or foreclosure properties. So I ran the numbers. This year (through October), 853 sales out of 12,971 in the […]
As usual, foreclosure density varied by region last month, with just 5 states accounting for close to half of the nation’s repossessed homes.
Foreclosures are a big part of the housing market, with distressed properties accounting for 35 percent of all home resales last month, according to the National Association of REALTORSÂ®. But for as common as foreclosures can be, they remain a localized concern.
The number of foreclosure filings rose 3 percent in September, according to foreclosure-tracking firm RealtyTrac.
Despite foreclosure filings surpassing 300,000 for the 18th straight month, RealtyTrac’s monthly foreclosure report shows some bright spots for housing.
Foreclosure filings rose 4 percent nationwide last month versus June, according to foreclosure-tracking firm RealtyTrac.com. For the 17th straight month, total filings topped 300,000. 6 states dominated activity levels.
June marks the 16th straight month the filings topped 300,000. 1 in every 411 U.S. homes received some form of notice last month with foreclosure density varying wildly from state-to-state. Like everything else in real estate, it seems, foreclosures are a local phenomenon.