National Foreclosure report March 2012

Nashville Foreclosure Rates Show Continued Improvement

CoreLogic, a leading provider of Real Estate Information, just released their National Foreclosure Report for March 2012.  Compared to March 2011, the number of completed foreclosures across the nation decreased 19% to 69,000 homes in March 2012.  Also, the inventory of homes in foreclosure decreased nearly 6%, or 100,000, from March 2011 to March 2012. The overall delinquency [...] Read more »

Nashville Foreclosure

Nashville Foreclosures Continue to Decline

Core Logic, a leading provider of housing data, shows the overall foreclosure activity is down in Nashville, TN and many other cities.  Nationally, the percentage of homeowners who are at least 90 day delinquent has dropped from 7.8% in February 2011 to 7.3% currently.   Out of the top 100 metro areas studied, 61 of them were showing decreases [...] Read more »

Foreclosure Shadow Inventory Continues to Decline

CoreLogic, a leading supplier of Real Estate related information, reported today that the current shadow inventory of residential properties has declined to 1.7 million in April 2011. This is down from 1.9 million units in April of 2010. This new level represents a five months supply of homes. The decline is attributed to fewer new [...] Read more »

Nashville Home Prices Affected By Distressed Sales

According to the March Home Price Index by CoreLogic,  home prices across the nation have dropped for the eighth straight month.  Home Sale Prices were down 7.5% in March 2011 as compared to March 2010, and this was preceded by a 5.8% drop in February.   It is interesting to note that the year over year price [...] Read more »

Realtor’s Home Sales Number May Be Inflated

CoreLogic is reporting that the National Association of Realtors measure of existing home sales is overstated by 15% to 20% since 2006.  This also means that the NAR inventory of homes on the market was also understated.  CoreLogic also stated that the home price declines are driven by the high inventory levels of listed homes and the continued effect of high [...] Read more »