Items Tagged with 'RealtyTrac'

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RealtyTrac: Home prices in 35% of major metro areas hit all-time high in 2015

2015 tracking towards most homes sold in nine years
For more than a third of the nation’s major metro areas, home prices have reached all-time highs in 2015, a new report from RealtyTrac shows. RealtyTrac’s report also shows that there were more single-family homes and condos sold in the first 10 months of 2015 than in any of the last nine years.
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RealtyTrac: Foreclosure starts post highest jump in more than four years

Should the industry be concerned?
Foreclosure filings in October were up 6%, primarily due to a 12% monthly jump in foreclosure starts. While the increase in foreclosure starts isn’t a giant surprise, it did exceed expectations. Add in even more dramatic monthly increases in certain states, and it's certainly a concern.
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RealtyTrac: Is home flipping making a comeback?

Best markets for flipping to both Millennials and Baby Boomers
The number of single-family homes and condos flipped in the third quarter of 2015 is up 18% from the third quarter of 2014. According to Daren Blomquist, vice president at RealtyTrac, "Real estate investors have started to jump back on the flipping bandwagon in 2015."
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RealtyTrac: Number of seriously underwater foreclosures falls to new low

Overall total of seriously underwater properties fell 500K in third quarter
The number of properties classified as “seriously underwater,” where the homeowner owes at least 25% more than the estimated value of the home, fell significantly during the third quarter thanks to a surge in home sales volume and prices, according to RealtyTrac’s Q3 2015 Underwater and Home Equity Report.
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Bank repossessions up 66% in third quarter from 3Q14

Foreclosure starts down 14% to 10-year low
There was a total of 327,258 properties with foreclosure filings in the third quarter of 2015, down 5% from the previous quarter but up 3% from the third quarter of 2014. According to RealtyTrac, the rise from a year ago is the result of two starkly different trends taking place.
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