RealtyTrac Press Releases

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Updated: 2 years 9 weeks ago

FORECLOSURE ACTIVITY SLOWS FOR THIRD STRAIGHT MONTH

Mon, 11/30/2009 - 19:47
Foreclosure filings were reported on 332,292 U.S. properties in October, a decrease of 3 percent from the previous month but still up nearly 19 percent from October 2008.0Wed, 11 Nov 2009 08:00:00 GMTForeclosure filings were reported on 332,292 U.S. properties in October, a decrease of 3 percent from the previous month but still up nearly 19 percent from October 2008, according to the RealtyTrac U.S. Foreclosure Market Report. The report also shows one in every 385 U.S. housing units received a foreclosure filing in October. “Three consecutive monthly declines is unprecedented for our report, and on first blush an indication that the foreclosure tide may be turning,” said James J. Saccacio, chief executive officer of RealtyTrac. “However, the fundamental forces driving foreclosure activity in this housing downturn continue to loom over any nascent recovery.”

AS SOME TOP METRO FORECLOSURE ACTIVITY RATES DECREASE, NEW FORECLOSURE HOT SPOTS EMERGE IN Q3 2009

Mon, 11/30/2009 - 19:47
Cities in California, Florida and Nevada accounted for the 10 highest foreclosure rates in the third quarter among metro areas with a population of 200,000 or more.0Tue, 27 Oct 2009 08:00:00 GMTCities in California, Florida and Nevada accounted for the 10 highest foreclosure rates in the third quarter among metro areas with a population of 200,000 or more, according to the RealtyTrac U.S. Foreclosure Market Report. But five of those Top 10 metro areas reported decreasing foreclosure activity from the third quarter of 2008, while many other metro areas with Top 50 foreclosure rates reported sharp increases in foreclosure activity. “Rising unemployment and a new variety of mortgage resets continued to gradually shift the nation’s foreclosure epicenters in the third quarter away,” said James J. Saccacio, chief executive officer of RealtyTrac.

U.S. FORECLOSURE ACTIVITY INCREASES 5 PERCENT IN Q3

Mon, 11/30/2009 - 19:47
Foreclosure filings were reported on 937,840 U.S. properties in the third quarter, a 5 percent increase from the previous quarter and an increase of nearly 23 percent from Q3 2008. 0Wed, 14 Oct 2009 08:00:00 GMTForeclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 937,840 properties in the third quarter, a 5 percent increase from the previous quarter and an increase of nearly 23 percent from Q3 2008, according to the RealtyTrac U.S. Foreclosure Market Report. One in every 136 U.S. housing units received a foreclosure filing during the quarter — the highest quarterly foreclosure rate since RealtyTrac began issuing its report in the first quarter of 2005. Foreclosure filings were reported on 343,638 properties in September, a 4 percent decrease from the previous month but a 29 percent increase from September 2008.

FORECLOSURE ACTIVITY REMAINS NEAR RECORD LEVEL IN AUGUST

Mon, 11/30/2009 - 19:47
Foreclosure filings were reported on 358,471 U.S. properties in July, a decrease of less than 1 percent from the previous month but still an increase of nearly 18 percent from August 2008. 0Wed, 09 Sep 2009 08:00:00 GMTForeclosure filings were reported on 358,471 U.S. properties in August, a decrease of less than 1 percent from the previous month but still an increase of nearly 18 percent from August 2008, according to the latest RealtyTrac U.S. Foreclosure Market Report. The report also shows one in every 357 U.S. housing units received a foreclosure filing in August. “The August report demonstrates that there is still an ample supply of properties filling the foreclosure pipeline even while the outflow of bank-owned REO properties onto the resale market is being more carefully regulated,” said James J. Saccacio, chief executive officer of RealtyTrac.

U.S. FORECLOSURE ACTIVITY INCREASES 7 PERCENT IN JULY

Mon, 11/30/2009 - 19:47
Foreclosure filings were reported on 360,149 U.S. properties during the month, an increase of nearly 7 percent from the previous month and an increase of 32 percent from July 2008. 0Wed, 12 Aug 2009 08:00:00 GMTForeclosure filings were reported on 360,149 U.S. properties in July, an increase of nearly 7 percent from the previous month and an increase of 32 percent from July 2008, according to the RealtyTrac U.S. Foreclosure Market Report. “July marks the third time in the last five months where we’ve seen a new record set for foreclosure activity,” noted James J. Saccacio, chief executive officer of RealtyTrac. “Despite continued efforts by the federal government and state governments to patch together a safety net for distressed homeowners, we’re seeing significant growth in both the initial notices of default and in the bank repossessions.”

REALTYTRAC EXPANDS PARTNERSHIP WITH HOMEFINDER.COM

Mon, 11/30/2009 - 19:47
Real-time foreclosure data from RealtyTrac’s nationwide database of default, auction and bank-owned homes are now searchable on HomeFinder.com and its national network of 130+ newspaper sites.0Wed, 05 Aug 2009 08:00:00 GMT

SUN BELT DOMINATES FIRST HALF 2009 FORECLOSURE RANKINGS BUT UNEMPLOYMENT-RELATED FORECLOSURES MAY BE SPREADING

Mon, 11/30/2009 - 19:47
Cities in California, Florida, Nevada and Arizona continued to document the nation’s highest foreclosure rates in the first half of 2009, with those states accounting for 35 of the 50 highest rates. 0Wed, 29 Jul 2009 08:00:00 GMT

NEW YORK TOTAL FORECLOSURE ACTIVITY INCREASED IN THE SECOND QUARTER; DOWN OVERALL FROM PREVIOUS YEAR

Mon, 11/30/2009 - 19:47
The New York State Banking Department and RealtyTrac® released New York county-level foreclosure statistics for the second quarter ending June 30, 2009. 0Mon, 27 Jul 2009 08:00:00 GMT

FORECLOSURE NEWS REPORT NAMED BEST NEWSLETTER FOR 2009 BY NATIONAL ASSOCIATION OF REAL ESTATE EDITORS

Mon, 11/30/2009 - 19:47
RealtyTrac® today announced that its monthly newsletter for real estate investors — Foreclosure News Report — was recently honored as Best Newsletter for 2009 by the National Association of Real Estate Editors. 0Thu, 23 Jul 2009 08:00:00 GMTRealtyTrac®, the leading online marketplace for foreclosure properties, today announced that its monthly newsletter for real estate investors — Foreclosure News Report — was recently honored as Best Newsletter for 2009 by the National Association of Real Estate Editors during the group’s 59th Annual Journalism Awards in Washington, D.C.

1.9 MILLION FORECLOSURE FILINGS REPORTED ON MORE THAN 1.5 MILLION U.S. PROPERTIES IN FIRST HALF OF 2009

Mon, 11/30/2009 - 19:47
A total of 1,905,723 foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 1,528,364 U.S. properties in the first six months of 2009.0Wed, 15 Jul 2009 08:00:00 GMTA total of 1,905,723 foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 1,528,364 U.S. properties in the first six months of 2009, a 9 percent increase in total properties from the previous six months and a nearly 15 percent increase in total properties from the first six months of 2008, according to the RealtyTrac U.S. Foreclosure Market Report. The report also shows that 1.19 percent of all U.S. housing units (one in 84) received at least one foreclosure filing in the first half of the year.

RE/MAX PARTNERS WITH REALTYTRAC

Mon, 11/30/2009 - 19:47
RE/MAX International, Inc., announced that visitors to remax.com soon will be able to search more than 1.8 million foreclosue properties in the U.S. via a strategic partnership with RealtyTrac.0Wed, 08 Jul 2009 08:00:00 GMTRE/MAX International, Inc., announced that visitors to remax.com soon will be able to search more than 1.8 million default, auction and REO properties in the U.S. via a strategic partnership with RealtyTrac (www.realtytrac.com).

U.S. FORECLOSURE ACTIVITY DECREASES 6 PERCENT IN MAY

Mon, 11/30/2009 - 19:47
Foreclosure filings were reported on 321,480 U.S. properties during the month, a decrease of 6 percent from the previous month but an increase of nearly 18 percent from May 2008. 0Wed, 10 Jun 2009 08:00:00 GMTForeclosure filings were reported on 321,480 U.S. properties during the month, a decrease of 6 percent from the previous month but an increase of nearly 18 percent from May 2008, according to the RealtyTrac U.S. Foreclosure Market Report. The report also shows that one in every 398 U.S. housing units received a foreclosure filing in May. “May foreclosure activity was the third highest month on record, and marked the third straight month where the total number of properties with foreclosure filings exceeded 300,000 — a first in the history of our report,” said James J. Saccacio, chief executive officer of RealtyTrac.

REALTYTRAC’S STRATEGIC PARTNERSHIP WITH PRIMEDIA EXPANDS FORECLOSURE DATA REACH

Mon, 11/30/2009 - 19:47
RealtyTrac and Primedia Inc. announced a partnership that allows users of several Primedia websites to search foreclosure properties nationwide.0Tue, 26 May 2009 08:00:00 GMT

Survey: Interest in Purchasing Foreclosed Homes Spikes

Mon, 11/30/2009 - 19:47
A new study shows notable gains in consumers’ willingness to buy foreclosed properties, with 55 percent of U.S. adults indicating at least somewhat likely to consider purchasing a foreclosed home.0Wed, 20 May 2009 08:00:00 GMTA new tracking study conducted by Harris Interactive® on behalf of RealtyTrac and Trulia shows notable gains in consumers’ willingness to buy foreclosed properties, with 55 percent of U.S. adults indicating that they are at least somewhat likely to consider purchasing a foreclosed home in the future, compared to the 47 percent of U.S. adults who indicated the same in November 2008. In the current market, U.S. adults believe foreclosed homes are an even greater bargain opportunity than before, with 40 percent expecting to pay at least 50 percent less for a foreclosed home, compared to only 31 percent of U.S. adults surveyed in November 2008.

FORECLOSURE ACTIVITY REMAINS AT RECORD LEVELS IN APRIL

Mon, 11/30/2009 - 19:47
Foreclosure filings were reported on 342,038 U.S. properties during April, an increase of less than 1 percent from the previous month and an increase of 32 percent from April 2008. 0Tue, 12 May 2009 08:00:00 GMTForeclosure filings were reported on 342,038 U.S. properties in April, an increase of less than 1 percent from the previous month and an increase of 32 percent from April 2008, according to the U.S. Foreclosure Market Report. The report also shows that one in every 374 U.S. housing units received a foreclosure filing in April. “Much of the April activity was at the initial stages of foreclosure – the default and auction stages – while bank repossessions, or REOs, were down on a monthly and annual basis to their lowest level since March 2008,” said James J. Saccacio, chief executive officer of RealtyTrac.

GABRIELS AND REALTYTRAC ANNOUNCE PARTNERSHIP TO DELIVER NATIONWIDE SEARCH WITH MORE THAN 1.5 MILLION REALTYTRAC FORECLOSURE LISTINGS

Mon, 11/30/2009 - 19:47
Gabriels Technology Solutions and RealtyTrac today announced a partnership to deliver nationwide search with over 1.5 million RealtyTrac foreclosure listings.0Mon, 11 May 2009 08:00:00 GMTGabriels Technology Solutions, the leading private label e-commerce technology provider and RealtyTrac, the leading online marketplace for foreclosure properties, today announced the introduction of co-branded foreclosure search products for new media that provide a world class competitive advantage to Gabriels’ media clients for increased site activity, enhanced user experience and increased advertising revenue.

REALTYTRAC OPENS U.S. FORECLOSURE DATA TO INTERNATIONAL BUYERS WITH ENORMO PARTNERSHIP

Mon, 11/30/2009 - 19:47
RealtyTrac®, the leading online marketplace for foreclosure properties, and Enormo, a leading global real estate portal, today announced a groundbreaking strategic alliance.0Tue, 28 Apr 2009 08:00:00 GMTRealtyTrac®, the leading online marketplace for foreclosure properties, and Enormo, a leading global real estate portal, today announced a groundbreaking strategic alliance that will give Enormo’s international user base of potential homebuyers and investors unique access to RealtyTrac’s database of U.S. foreclosures.

GEORGIA FORECLOSURE ACTIVITY INCREASES 11 PERCENT IN FIRST QUARTER

Mon, 11/30/2009 - 19:47
Foreclosure filings were reported on 28,608 Georgia properties in the first quarter of 2009, according to RealtyTrac.0Mon, 27 Apr 2009 08:00:00 GMTForeclosure filings were reported on 28,608 Georgia properties in the first quarter of 2009, an 11 percent increase from the previous quarter and less than half a percent ahead of the level reported for Q1 2008. “Foreclosure activity continued to rise in Georgia both on a quarterly and a monthly basis, as well as from the same time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “The state has lost more than 180,000 jobs during the past year, bringing its unemployment rate from 5.6 to 9.2 percent. This, in addition to falling home prices and a large inventory of unsold homes, is keeping the state’s foreclosure level among the nation’s hi

SUN BELT CITIES TOP LIST OF NATION’S METRO FORECLOSURE RATES IN FIRST QUARTER

Mon, 11/30/2009 - 19:47
Cities in California, Florida, Nevada and Arizona accounted for the 26 highest foreclosure rates in the first quarter among metro areas with a population of 200,000 or more. 0Wed, 22 Apr 2009 08:00:00 GMTCities in California, Florida, Nevada and Arizona accounted for the 26 highest foreclosure rates in the first quarter among metro areas with a population of 200,000 or more, according to RealtyTrac. Las Vegas posted the highest metro rate, with 4.48 percent of its housing units receiving a foreclosure filing during the quarter (one in every 22). Merced, Calif., documented the second highest metro foreclosure rate, with 4.21 percent of its housing units receiving a foreclosure filing, and Cape Coral-Fort Myers, Fla., recorded the third highest metro foreclosure rate, with 3.85 percent of its housing units receiving a foreclosure filing.

FORECLOSURE ACTIVITY INCREASES 9 PERCENT IN FIRST QUARTER

Mon, 11/30/2009 - 19:47
Foreclosure filings were reported on 803,489 U.S. properties in the first quarter, a 9 percent increase from the previous quarter and an increase of nearly 24 percent from Q1 2008. 0Thu, 16 Apr 2009 08:00:00 GMTForeclosure filings — default notices, auction sale notices and bank repossessions — were reported on 803,489 U.S. properties in the first quarter, a 9 percent increase from the previous quarter and an increase of nearly 24 percent from Q1 2008, according to the RealtyTrac Q1 2009 U.S. Foreclosure Market Report. One in every 159 U.S. housing units received a foreclosure filing during the quarter. Foreclosure filings were reported on 341,180 properties in March, a 17 percent increase from the previous month and a 46 percent increase from March 2008.