Foreclosure filings – default notices, scheduled auctions and bank repossessions – were reported on 1,361,795 properties in 2013, down 26 percent from 2012 and down 53 percent from the peak of 2.9 million properties with foreclosure filings in 2010. The 1.4 million total properties with foreclosure filings in 2013 was the lowest annual total since 2007, when there were 1.3 million properties with foreclosure filings. Read More »

Real estate agents report banks are keeping foreclosures off the market in hopes of higher prices, a practice that is temporarily reducing the percentage of distress sales but lengthening the foreclosure timeline. Read More »

Most sellers are getting as much or more than they are asking for their homes in eight out of 24 major metros tracked by a new market report released yesterday, a sign that the metros have crossed over from buyers’ to sellers’ markets. Read More »

<p style="text-align: left;"></p> <p style="text-align: left;">In the first quarter, it took nearly 16 months to process the average foreclosure in America, a new record and an increase of 14 percent over the fourth quarter of 2012.</p> Read More »

The inventory of properties in the foreclosure process expanded by nearly 10 percent in the first quarter, casting a pall over the housing recovery as local markets prepare for more foreclosures than expected. However, a high level of demand driving by investor activity may mitigate their impact. Read More »

Though hedge fund purchases on a national level have had minimal impact, in the nation’s hottest foreclosure markets hedge funds, or institutional investors, are contributing to double digit foreclosure price increases and dramatic declines in REO inventories. Read More »

RealtyTrac reported today 947,995 U.S. properties in some stage of foreclosure or bank-owned (REO) were sold during the year, a decrease of 6 percent from 2011 and down 11 percent from 2010. Read More »

Single family home tenants are 18 percent more likely than apartment tenants to stay in their current homes five years or longer, suggesting that demand for single family homes, the fastest growing rental category, will be more stable than multifamily demand, according to a new national opinion survey released today by Premier Property Management Group. Read More »

It”s <em>deja vu</em> all over again in Florida. In a virtual re-run of Florida”s housing economy, its foreclosure starts lead the nation, prices are falling and inventories are too big, especially on the coasts. Read More »

Among the five lenders involved in the National Mortgage Settlement – Bank of America, Wells Fargo, JPMorgan Chase, Citi and Ally/GMAC – non-judicial pre-foreclosure activity (NOD, NTS) decreased 41 percent in November compared to a year ago, led by Bank of America with a 63 percent decrease and Citi with a 40 percent decrease. Meanwhile judicial pre-foreclosure activity (LIS, NFS) for the five lenders combined increased 26 percent from a year ago, led by Chase with a 114 percent increase and Wells Fargo with a 37 percent increase. Read More »