foreclosures

Existing Home Sales Increase 0.8% for February 2013

Submitted by on

NAR reported their February 2013 Existing Home Sales.  Existing home sales increased 0.8% from last month and inventories increased to a still very tight 4.7 months of supply.   Existing homes sales have increased 10.2% from a year ago.    Volume was 4.98 million against January's 4.94 million, annualized existing home sales.

Existing Home Sales Decline by -1.7% for September 2012

Submitted by on

NAR reported their September 2012 Existing Home Sales. Existing home sales decreased -1.7% from last month and inventories are down to a now tight 5.9 months of supply. Existing homes sales have increased 11.0% from a year ago. Volume was 4.75 million, annualized against August's revised up, from 4.82 to 4.83 million, annualized existing home sales.

Existing Home Sales Increase 7.8% for August 2012

Submitted by on

The NAR released their August 2012 Existing Home Sales. Existing home sales increased 7.8% from last month and inventories are down to a now tight 6.1 months of supply. Existing homes sales have increased 9.3% from a year ago. Volume was 4.82 million, annualized against July's 4.47 million annualized existing home sales. Existing home sales haven't been this strong since May 2010.

Existing Home Sales Increase 2.3% for July 2012 While the Shadow Inventory Lurks

Submitted by on

The NAR released their July 2012 Existing Home Sales. Existing home sales increased 2.3% from last month and inventories are down to a measly 6.4 months of supply. Existing homes sales have increased 10.4% from July of last year. Volume was 4.47 million, annualized against June's 4.37 million annualized existing home sales.

Foreclosures Increased in Q1 2012

Submitted by on

Realtytrac reports foreclosures are up in 54% of metro areas for Q1 2012.

First quarter foreclosure activity increased from the previous quarter in 114 out of the nation’s 212 metropolitan areas with a population of 200,000 or more.

First quarter foreclosure activity increased from the previous quarter in 26 out of the nation’s 50 largest metro areas, led by Pittsburgh (up 49 percent), Indianapolis (up 37 percent), Philadelphia (up 30 percent), New York (up 24 percent), Raleigh, N.C. (up 23 percent), and Virginia Beach, Va. (up 22 percent).

The biggest quarterly decreases in foreclosure activity among the 50 largest metro areas were in Portland, Ore. (down 28 percent), Las Vegas (down 26 percent), Providence, R.I. (down 24 percent), Salt Lake City (down 22 percent), Boston (down 21 percent), and San Jose, Calif. (down 21 percent).

Lender Processing also reported mortgage deliquencies are down -6.8% from February and are currently 7.09% of all mortgages. Since March 2011 delinquencies have declined -​8.8%. That said, foreclosure inventory is up 0.1% and stands at 2,060,000. That is a hell of a lot of foreclosures that need to be sold.

For the year, foreclosure activity is down in 64% of metro areas.

Pages