Sales of distressed homes (REO and short sales) fell to their lowest level in seven years and foreclosure inventory dropped by 34% year-over-year in December 2014, according to CoreLogic's February 2015 The MarketPulse report released on Tuesday. Distressed home sales (REO and short sales) made up 12.8% of total home sales in December 2014, the…
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Home Flipping Drops to Five-Year Low in Q3
Home flipping sales declined nationwide both quarter-over-quarter and year-over-year, hitting their lowest level since the second quarter of 2009, according to RealtyTrac's Q3 2014 U.S. Home Flipping Report released today. The number of home flipping sales, or those in which a home is purchased and sold within 12 months, represented 4 percent of all single-family…
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Foreclosure Inventories Continue to Fall – Down 35% Year Over Year
CoreLogic published its monthly National Foreclosure Report with data from June 2014, which indicates that foreclosure inventory is down 35 percent from June last year. Foreclosures fell from 54,000 to 49,000 on a year-over-year basis. The report further indicated that foreclosure inventory in the United States shrank for 17 consecutive months as of June 2014 and fell…
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U.S. Home Flipping Drops Nationwide: Now Account for Only 3.7% of All Sales
RealtyTrac released its U.S. Home Flipping Report for Q1 2014, reporting that 3.7% of all U.S. single-family home sales were flips. Home flipping over all is down, dropping 4.1% from the fourth quarter in 2013, as well as declining 6.5% from the previous year's first quarter. The company defines flips as homes purchased and sold…
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Foreclosure Crisis Nearly Over!
CoreLogic released its National Foreclosure Report for February, 2014, reporting 43,000 completed foreclosures for the month, a 13.1% decrease from January, 2014. Yearly, foreclosures declined 15% from February, 2013. Comparatively, foreclosures averaged 21,000 per month before the housing crisis from 2000 to 2006. Since September, 2008, 4.9 million foreclosures have been completed. As of February, 2014, 752,000…
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5 Things To Know About the Bothell Community
1. Bothell got its start as a logging and farming community It’s true! Bothell was the ideal place to for people to farm and grow agriculture because of its close proximity to the Sammamish River and natural beauty. In 1885 a man named David Bothell bought some land and constructed the Bothell Hotel—how the…
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Crisis Over? Foreclosure Sales at 95 Month Low – Down 35% Year Over Year
The national foreclosure crisis is reaching its end as many markets work their way toward normalcy, according to the latest U.S. Foreclosure Market Report from RealtyTrac. As major evidence of this trend, RealtyTrac reports foreclosure starts reached a 95-month low in November. At the same time, overall foreclosure activity across the nation declined by 15%…
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Investor Alert: Foreclosure Inventory Plunges Nearly 30% As Economy Continues To Improve
The nation’s foreclosure inventory has contracted for 18 consecutive months and is now at its lowest point since the end of 2008, totaling 1.28 million loans, or just 2.54% of today’s active mortgages, according to Lender Processing Services (LPS). The company’s latest report assessing loan-level data on the performance of mortgage assets through the end of October…
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Seattle and Portland Rank in Top 3 for Home Flipping
Investors are profiting once again from house flipping. Most of today's profits come from a growth in high-end flips of homes $750,000 or more, according to RealtyTrac’s third-quarter Home Flipping Report. Real estate investors earned an average gross profit of $54,927 on single-family flips during the third quarter, according to the report. “Increasing home prices…
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Mortgage Rates and Low Inventory are Greatest Obstacles for Homebuyers
Ascending mortgage rates are starting to weigh on homebuyers nearly as much as low inventory, according to Redfin’s most recent Real-Time Homebuyer Survey. For its report, Redfin surveyed 1,772 active homebuyers across the 22 markets it covers. Respondents hailed from all over the country. Out of those polled, 56% said rising rates have impacted their ability to buy…
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