Sentences with phrase «foreclosure inventory»

While foreclosure inventory continues to decline, there are still 1.3 million homes with mortgage payments that are 90 days past due.

I'm just curious to know how much more foreclosure inventory is still out there.

The foreclosure picture is improving across the country, particularly in these states with foreclosure inventories below 0.7 percent.

With more than a million homes still in the national foreclosure inventory, more owner occupied homes will be converted to rentals in the coming years.

The direct result of higher unemployment levels is a larger number of foreclosures — and big foreclosure inventories push down local home values.

More than half have smaller foreclosure inventories and fewer foreclosure starts than in 2008, while distressed properties make up a smaller share of overall residential sales when compared to four years ago.

As it turns out, most people (77 %) expect to see an increase in local foreclosure inventories over the next year.

Also, there's a ton of foreclosure inventory in Montgomery.

«In some areas we're hearing about shortages of foreclosure inventory in the lower price ranges with multiple bidding on the more desirable properties,» Yun said.

Florida also had the highest foreclosure inventory as a percentage of all mortgaged homes with 7.1 % followed by New Jersey (6.7 percent), New York (4.9 percent), Maine (3.8 percent) and Connecticut (3.7 percent).

The foreclosure picture continues to show year - over-year improvement, with delinquencies down and foreclosure inventories falling, according to a report of February data from Lender Processing Services (LPS), which provides technology and data for the mortgage and real estate industries.

The highest foreclosure inventories as a percentage of all mortgaged homes were in New Jersey (5.5 percent), Florida (4.1 percent), and New York (4.1 percent).

Here are nine states with the lowest foreclosure inventories in the country, all of which are less than 0.7 percent:

«Realtors ® in such areas are calling for a faster process of getting foreclosure inventory into the market because they have ready buyers.

The entry of institutional investors into residential real estate is often cited as a source of competition for properties and a reason foreclosure inventories are shrinking but only 13 percent of investors in the survey said the large competitors have impacted their businesses significantly while 54 percent said they have experienced no impact at all.

While strengthening demand in these markets may help lessen the negative impact that this additional foreclosure inventory has on home prices, at the very least the influx of distressed inventory for sale will likely act to slow the rate of home price appreciation seen in recent months.

RealtyTrac's first quarter analysis of foreclosure inventory shows that there are still 1.5 million properties actively in the foreclosure process or bank owned.

Total delinquent and foreclosure inventories remain at historically elevated levels, with Jumbo and Agency prime product experiencing the greatest percentage increase since January 2008.

Jones sold 60 REOs in 2007, roughly double his 2006 level when foreclosure inventories were already beginning to rise.

Because he already had cultivated relationships with lenders who now had mounting foreclosure inventories, Jones was ready when the foreclosure floodgates opened.

To prevent further foreclosure inventory increases, NAR also urges lenders to take more aggressive steps to modify loans and keep struggling families in their homes.

What's more, the national foreclosure inventory dropped 31 percent year - over-year in December, the 12th consecutive month of declines.

RISMEDIA, October 19, 2009 — Lender - owned foreclosure inventory available for sale in the Twin Cities is down 60 % from last year, falling from an estimated 4,886 at the end of last September to 1,960 this September.

The housing crisis that was ushered in by 2007 ravaged home values, and foreclosure inventory began to flood the market.

With inventories down to less than 5 months, first time home buyers fresh off the proverbial fence and primed to take advantage of ridiculous interest rates are scooping up the dwindling foreclosure inventories.

«The scourge of an elevated foreclosure inventory is easing.

«The overall foreclosure inventory is decreasing because sales (of bank - owned homes) were up in February,» said CoreLogic Chief Economist Mark Fleming.

Though the housing market in Utah is on the upswing there is still foreclosure inventory in the state.

Florida had the third highest mortgage delinquency rate, the worst foreclosure inventory, and the most foreclosure starts in the nation as of the date of the Order.

«While REO - to - rental programs could be successful in a few communities, we believe that doing more to ensure mortgage availability for qualified home buyers and investors could be even more beneficial in helping absorb excess foreclosure inventories across the country,» Veissi said.

«Inventories of condos and single - family homes for sale continuously fell last year, suggesting that there is no significant oversupply of visible foreclosure inventory in the market,» NAR Chief Economist Lawrence Yun said.

* The inventory of normal sales increased 22.37 percent compared to March 2014, while foreclosure inventory is down 1.21 percent and short sale inventory is down 33.08 percent.

Florida has the highest foreclosure inventory in the United States when it's tallied as a percentage of all mortgaged homes at 8.6 %, with New Jersey coming in second (6.0 percent), followed by New York (4.8 percent), Connecticut (4.2 percent) and Maine (4.1 percent).

«What we need now is additional inventory in the lower price ranges, so we hope banks will be releasing more foreclosure inventory into the market.

The entry of institutional investors into residential real estate is often cited as a source of competition for properties and a reason foreclosure inventories are shrinking but only 13 percent of investors in the survey said the large competitors have impacted their businesses significantly while 54 percent said they have experienced no impact at all.

While strengthening demand in these markets may help lessen the negative impact that this additional foreclosure inventory has on home prices, at the very least the influx of distressed inventory for sale will likely act to slow the rate of home price appreciation seen in recent months.

Search for bank owned homes in Bend, OR RealtyTrac's first quarter analysis of foreclosure inventory shows that -LSB-...]

But at the same time, strong demand from owner occupant buyers coupled with disadvantageous «first look periods» and lower foreclosure inventories are making it increasingly harder to find and acquire investment properties.

Case in point: There were 103 sales of bank - owned homes for every 100 homes in foreclosure inventory in December 2011.

To select the best places to buy foreclosures in 2013, RealtyTrac scored all metro areas with a population of 500,000 or more by summing up four numbers: months» supply of foreclosure inventory, percentage of foreclosure sales, foreclosure discount, and percentage increase in foreclosure activity in 2012.

The foreclosure inventory rate, meanwhile, dropped from 0.8 % in February last year to 0.6 % this year, marking the lowest figure in 11 years.

During the fourth quarter of 2009, the foreclosure inventory rate for prime loans reached 3.31 percent, FHA mortgage foreclosures were at 3.57 percent, subprime borrowers were at 15.58 percent and those in the VA loan were at 2.46 percent.

If you've been eagerly watching the real estate market, you must have observed the rise in foreclosure inventories.

«Compared with the fourth quarter of 2008, the foreclosure inventory rate increased 143 basis points for prime loans, 187 basis points for subprime loans, 114 basis points for FHA loans and 80 basis points for VA loans,» says the MBA.