Home Foreclosures Fall to Lowest Level in 5-Plus Years
The number of homes repossessed by lenders last month fell to the lowest level in more than five years, the latest evidence that the nation's foreclosure crisis is abating.
RealtyTrac
Vegas Realty Crisis, Meet Reality TV: CNBC Flips Over Foreclosures
If America's subprime mortgage crisis was an earthquake, Las Vegas would be the epicenter: No U.S. city has suffered more. But all that devastation makes for great TV. Or at least CNBC hopes so, because it's mining that economic disaster for "Flipping Wars: Vegas."
Foreclosures Drop to 44-Month Low in July
Foreclosure monitoring firm Realtytrac's latest monthly report revealed that foreclosure activity dropped 35% from July of 2010 to last month -- the lowest in 44 months. But again, the company explained why the decrease is artificial.
As Foreclosures Rise, Consumer Spending Will Fall
Foreclosure activity picked up by 4% in June, and economic problems which include high unemployment and falling homes prices will drive it relentlessly higher. That's bad news for homeowners, but the ripple effect from foreclosures goes beyond their immediate problems, and it will get much worse.
Foreclosure Activity Hits 36-Month Low
The number of default notices, scheduled home auctions and repossessions declined significantly in February as banks begin to take a more measured approach to foreclosures amid government probes. But the lower numbers are likely only temporary.
U.S. Foreclosure Filings Rose in January as Nevada Continues to Lead the Pack
U.S. foreclosure filings rose 1% in January 2011 from December 2010, but were down 17% from a year ago.
2010 Foreclosures by City: Las Vegas Still No. 1
Las Vegas topped the U.S. foreclosure list for 2010. And while foreclosure activity increased from 2009 in most of the nation's largest metropolitan areas, it actually decreased slightly in the worst hit cities.
Nevada Unemployment:
The Worst Gets Worse
Nevada's unemployment rate hit a new high in December 2010 -- and with home prices continuing to fall, the beleaguered state's problems are far from over.
Foreclosures: Will 2011 Be as Bad as Last Year?
2010 was an especially tough year for homeowners, according to a year-end report from RealtyTrac. Many foreclosure proceedings, however, were stopped late in the year, which means that as many as a quarter million foreclosure filings could be added to the data in early 2011.
Home Repossessions Dive Amid Foreclosure Freezes
The number of homes taken back by banks fell sharply in November As lenders work to resolve claims of botched paperwork. But even with the decline, the total number of repossessions so far this year leaped to more than 980,000.
Foreclosure Sales and Prices Plunged This Summer
Home sales tumbled this summer, and foreclosed properties bore the brunt of the pain. Sales of foreclosed homes plunged 31% from the year-ago period -- and 25% from the previous quarter. Prices for these properties also fell more than other homes.
Foreclosures Slide in October Due to Robo-Signing Scandal
Foreclosures eased slightly in October, falling 4% from the previous month. According to foreclosure tracking firm RealtyTrac, the decrease most likely stemmed from the "robo-signing" controversy which halted foreclosures across the U.S.
Foreclosure Crisis Expands: More Urbanites Lose Their Homes
In most large U.S. cities, the foreclosure crisis got worse this summer instead of better, according to data released Thursday by foreclosure-listing firm RealtyTrac. The crisis also appears to be spreading. The biggest jump in foreclosure warnings came from Chicago and Seattle.
A Record Month for Home Repossessions
The latest data from RealtyTrac reveals another bruising quarter for foreclosures. In September alone, the number of homes repossessed by banks hit a record 102,134.