RealtyTrac is reporting that national foreclosure filings for July 2011 were down 4% from June 2011 and down 35% from July 2010. This is the tenth straight month of year over year decreases in foreclosure activity and the lowest month since November 2007. The slowdown was initially caused by the robo-signing controversy and further delayed by the State [...] Read more »
Nashville Foreclosure Activity Down In 2011
RealtyTrac is reporting that foreclosure activity across the nation is down 29% for the first half of 2011 as compared to the same period in 2010. Foreclosure activity is also down 25% for the first six months of 2011 as compared to the last half of 2010. All foreclosure filings are measured including notice of defaults, [...] Read more »
Foreclosure Activity Continues Decline in Tennessee
According to RealtyTrac, foreclosure activity declined 2% nationally in May 2011 over the previous month and declined 33% over May 2010. However, the inventory of unsold Bank-Owned properties increased in May due to weak demand from buyers. Even with the decline in new foreclosure actions the new supply of Bank-Owned properties exceeds the amount being [...] Read more »
Foreclosure Activity Declines To 40 Month Low
RealtyTrac is reporting is their latest US Foreclosure Report that foreclosure activity has dropped to the lowest levels in forty months. The report counts foreclosure filings, auctions scheduled and bank repossessions as foreclosure activity in this report. The report for April 2011 showed foreclosure activity was down 34% over April 2010. The slowdown can mainly be attributed to the increase [...] Read more »
Foreclosure Activity Down 15% In Q1 2011
RealtyTrac is reporting in their latest report that foreclosure filings were down 15% over Q4 2010 and down 27% over Q1 2010. In Tennessee, foreclosure filings include notices of default, foreclosure auctions and bank possessions. The report also shows that 1 in every 191 homes received a foreclosure filing during the first quarter. An interesting trend to note [...] Read more »
Foreclosure Activity Decreases to Lowest Levels in Three Years
According to the latest report from Realty Trac, national foreclosure activity in February decreased to the lowest level in 36 months. This is a 14% decrease from January 2011 and a 27% decrease from February 2010. This is also the largest year over year decrease since Realty Trac began the U.S. Foreclosure Market Report in 2005. Ten states [...] Read more »
2010 Foreclosure Sales Report for Tennessee – Sales Down 34%
RealtyTrac reports in its 2010 Year End Foreclosure Sale Report including national statistics and data for Tennessee. Tennessee had 14,656 distressed property sales for 2011 which is down 34% from 2009. Distressed properties (including foreclosures) accounted for 19% of all home sales in Tennessee and the average sales price was $95,501. Distressed properties sold at [...] Read more »
Steve's Facebook
Steve's LinkedIn
Steve's Twitter
