States with the highest
percentage of foreclosures with equity included Oklahoma (54 percent), Hawaii (51 percent), New York (47 percent), and Texas (46 percent).
Distressed sales:
The percentage of foreclosures and short sales declined to the lowest share since NAR began tracking it in October 2008.
Markets likely to see the highest influx of boomerang buyers are those that had a high
percentage of foreclosures AND have remained affordable.
We're seeing a rising
percentage of foreclosures with an estimated market value of more than $ 750,000.»
The estimates of
the percentage of foreclosures this program will prevent seem wildly optimistic, but even helping a couple hundred thousand homeowners is still positive.
Six other California metro areas were in the top 10 in terms of
percentage of foreclosure - related sales: Stockton (53 percent); Riverside - San Bernardino - Ontario (47 percent), Sacramento (40 percent), Bakersfield (39 percent), Oxnard - Thousand Oaks - Ventura (36 percent), and Los Angeles - Long Beach - Santa Ana (34 percent).
Metro areas outside of California with
percentage of foreclosure - related sales ranking among the top 10 were Atlanta (41 percent), Tucson, Ariz., (40 percent), and Phoenix (34 percent).
Not exact matches
The states voting and holding caucuses saw half as many
foreclosure sales — as a
percentage of all sales — between 2008 and 2012 than states not holding contests, according to a new report from Trulia, a real estate company owned by Zillow Group.
We measured stability with two equally weighted indicators: the number
of years people remain in their homes and the
percentage of homeowners with negative equity (as homeowners with negative equity are more likely to go into
foreclosure).
What critics do not explain or do not know about are FHA «cure rates;» that is, the
percentage of delinquent loans which are saved from
foreclosure.
The serious delinquency rate, the
percentage of loans 90 or more days past due or in the
foreclosure process, also fell to 7.73 percent.
«Another significant factor in the increased level
of foreclosure activity is that the number
of REO filings (bank repossessions) is increasing dramatically, which means that a greater
percentage of homes entering
foreclosure are going back to the banks.»
«With some
of the largest numbers
of foreclosures and sharpest drops in home values during the housing bust, the city
of Phoenix tops the list
of cities with the biggest
percentage increase in single - family rentals.
Those loans more than 28,000 represented more than 2.6 %
of loans in the state and set a record for
percentage of home mortgages in jeopardy
of foreclosure.
So long as there are a large number
of homes in a negative equity on sale position, a certain
percentage will keep sliding into
foreclosure when negative life events hit.
This would allow the underlying mortgages to be restructured - ideally writing them down to a similar
percentage of face - reducing their
foreclosure risk, and increasing the likelihood that public funds will be recovered.
All three
of these communities are low - income in comparison to the rest
of the Twin Cities, with many residents born outside
of the United States, high rates
of foreclosures, and youth comprising the highest
percentage of the population.
This is the case whether the agreement is with the clients themselves or with a third - party outsourcer through which a large
percentage of institutional
foreclosure business is channeled.
As
of the end
of 2015, 49.7 percent
of all homes in
foreclosure had some equity, the highest
percentage since RealtyTrac began tracking in Q3 2013.
During the housing crisis, Generation X made up the largest
percentage of households in
foreclosure — particularly the well - educated and affluent members
of this generation, according to a study by the Federal Reserve Bank
of St. Louis, «The
Foreclosure Crisis in 2008: Predatory Lending or Household Overreaching?»
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Bank owned
foreclosures as a
percentage of sales are declining substantially.
There was also a 0.2
percentage point decline in the share
of mortgages in some stage
of the
foreclosure process.
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).
«When markets are balanced, we normally see prices rise one to two
percentage points above the rate
of inflation, but
foreclosures and short sales are holding back median prices.»
Foreclosures, as a
percentage of total home sales, were 20.2 percent in January, down from 26.9 percent a year ago.
«Based on the rise in pre-
foreclosure sales we've seen so far this year, a higher
percentage of these new
foreclosure starts will likely end up as short sales or auction sales to third parties rather than bank repossessions going forward.
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).
Four
of the 29 homes that sold in the first quarter were short sales, and four were
foreclosures, so the
percentages in each case were 13.8 %.
Among metros with a population
of more than 200,000, 117 metro areas had a higher
percentage of owner - vacated
foreclosures than the national average
of 18 percent, including Las Vegas, Nev. (33 percent), Tampa (28 percent), Palm Bay - Melbourne - Titusville, Fla. (28 percent), Rochester, N.Y. (27 percent), Lakeland, Fla. (27 percent), and Baltimore (25 percent).
We measured stability with two equally weighted indicators: the number
of years people remain in their homes and the
percentage of homeowners with negative equity (as homeowners with negative equity are more likely to go into
foreclosure).
In fact, Rhode Island ranks as the best state for first - time homebuyers because it has a high
percentage of first - time homebuyers and a low
foreclosure rate.
So the last thing China has to worry about is a
foreclosure crisis like the US saw with high
percentages of homes in negative equity.