Market Activity In a month normally characterized by rising sales, May 2013 California real estate sales were nearly unchanged, falling 0.1 percent for the month and 11.1 percent over the past 12 months. A sharp change in mix of distressed versus non-distressed sales, beginning in January of 2013, appears to be driving the overall [...]
Market Activity April 2013 California real estate sales – the sum of distressed and non-distressed property sales – declined 4.0 percent year-over-year, continuing the March 2013 year-over-year decline of 12.9 percent. Driving the overall decline in market activity is the tug-of-war between the drop-off in distressed sales and the increase in non-distressed sales. Despite [...]
Market Activity March 2013 California real estate sales – the sum of distressed and non-distressed property sales – fell 12.9 percent year-over-year. Some of the decline this year is likely due to the roving Easter holiday that landed on March 31 this year and April 8 last year. Over a longer time period, however, Q1 [...]
Introduction On November 26, 2012, ForeclosureRadar recorded its millionth California foreclosure sale since January 2007. While we acknowledge that foreclosures are painful and unpleasant, this milestone also means a million underwater homeowners have escaped a prison of debt. In addition, the millionth foreclosure sale points to steady strides toward recovery in the housing market and provides [...]
Big Milestones for Both the Foreclosure Marketplace and ForeclosureRadar® On November 26, 2012, ForeclosureRadar recorded its millionth California foreclosure sale since we began collecting the data in January 2007. While the foreclosure process can be painful and unpleasant, this milestone also means a million underwater homeowners have escaped a prison of debt. In addition, the [...]
California Foreclosure Inventory Continues to Decline November 2012 California foreclosure inventory—the total of Preforeclosures, properties in foreclosure that are Scheduled for Sale, and Bank Owned properties (REO)—fell 7.6 percent from the prior month and is down 31.8 percent compared to last year. While the November decline in inventory is not an unusual event, the significant [...]
Dramatic Increase in California Foreclosure Cancellations October 2012 California foreclosure Cancellations were up 62.1 percent from the prior month, and 36.7 percent compared to last year. While this is not the first time Cancellations have spiked, this is the largest one-month increase since we started tracking foreclosures in September 2006. It seems likely that the [...]
Dramatic Declines in Foreclosure Activity September 2012 California Notice of Defaults were down 20.7 percent from the prior month, and down 48.1 percent compared to last year. There has been speculation that the banks would rush to clear inventory before the CA Homeowner Bill of Rights takes affect in January 2013, causing an increase in [...]
Foreclosure Starts Down Dramatically August 2012 California Notice of Defaults were down 23.6 percent from the prior month, and down 49.1 percent compared to last year. In Arizona, Notice of Sales were down 16.1 percent from the prior month, and down 42.2 percent compared to last year. The decline in Foreclosure Starts is even more [...]
Foreclosure Trends Are Mixed July 2012 California Foreclosure Sales were up 10.4 percent over last month, while still down 41.7 percent vs. July 2011. California Notice of Defaults were basically flat showing an increase of 1.4 percent vs. June 2011, and a 12.3 percent increase vs. July 2011. In Arizona, July 2012 Foreclosure Filings were [...]
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