Sentences with phrase «highest foreclosure inventory»

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).

«We fully support Chairman Bernanke's comments that the lack of available and affordable mortgage financing, low home values and high foreclosure inventories are inhibiting a meaningful housing market recovery.

On the other hand, Florida, New Jersey, and New York have the highest foreclosure inventories, according to CoreLogic.

The Top 3 According to RealtyTrac May 2011 data, here are the top three cities with the highest foreclosure inventories: 1.

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).

Not exact matches

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

Unfortunately, the Garden State is notorious for having the highest inventory of homes in foreclosure.

«We've been looking at entering the Chicago market for a while given its high foreclosure volume and robust demand for single - family rentals, but we didn't want to partner with a firm just because it had a large amount of inventory — it had to be the right inventory,» he said.

The United States Department of Housing and Urban Development (HUD) has and is addressing the housing market's «shadow inventory» and to target relief to communities experiencing high foreclosure activity.

Interest rates continue to remain at record lows, there is a high supply of inventory to choose from (over 7 months worth) and mortgage servicers have gotten better equipped to handle the high volumes of foreclosures and short sales in Baltimore.

Real estate professionals and homeowners are taking a far more negative view on the direction of home prices citing current high inventory levels, continued foreclosures, the expiration of the tax credit and the general state of the economy.

While sales of distressed properties — foreclosures and short sales — have shrunk since the first of the year, a surge in sales of «normal» non-distressed properties has pushed total home sales through June 4.5 percent higher than last year even though buyers face tight credit and low inventories.

North St Louis County has seen a higher number of foreclosures than most of the other neighborhoods in St Louis County, producing a higher volume of distressed properties in shadow inventory.

Nationally, the foreclosure inventory made up 1.6 percent of all homes with a mortgage, but some states are dealing with higher levels.

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.

Given record inventories and continued high foreclosure levels, home prices will bounce along the bottom for a while, at least according to the crystal ball wielded by David Berson, chief economist with mortgage insurers PMI Group.

Ryan mentions that Facebook founder Mark Zuckerberg may have purchased a home in California; Ryan reviews the economic events of the prior week; Ryan notes that interest rate are still heading down; Ryan notes that the DC real estate market is competitive on the buy and rent sides and that would be renters in the DC area are turning into would be buyers; Louis notes that the DC housing dynamic is different from the rest of the country where housing prices are down and there is plenty of inventory; Louis notes that if it is cheaper to buy than rent that it makes sense to get a long term low interest rate loan; Louis talks about the benefits of visiting HomeGain.com; Louis discusses the HomeGain FSBO vs. Realtor survey and the advantages of hiring a REALTOR; Louis and Ryan discuss the HomeGain home improvement survey and recount the types of home improvements that provide the best return on investment; Ryan and Louis talk about pricing strategies for selling a home; Louis and Ryan discuss the differences between pricing a short sale and pricing a non short sale home; Louis notes pricing a home too high may keep the home on the market a long time and that the more days a home is on the market makes a home look like damaged good; Ryan describes short sales as foreclosure avoidance and discusses the impact of each on FICO scores; Ryan talks about the options that people with underwater mortgages have; Louis mentions that 72 % of home buyers and sellers pick the first real estate agent they meet and points out the value in comparing agents first using HomeGain's Find a REALTOR program; Louis can Ryan discuss the level of shadow inventory the impact on sellers as more inventory gets released;

Banks have faced high inventories of foreclosures in the last few years that have lingered on the market and brought property values nationwide down.

Real estate professionals and homeowners continue to take a neutral to negative view on the direction of home prices citing current high inventory levels, continued foreclosures, and persistent unemployment.

What's more, the current estimates by housing experts is that the shadow inventory of looming foreclosures that haven't yet hit the market could be as high as 4 million homes.