http://www.barefootrealtyteam.com/mimarket/zip/37752/
Showing posts with label market. Show all posts
Showing posts with label market. Show all posts
Sunday, October 21, 2012
Market Insider for Harrogate TN
Check out this link to view the Market Insider for Harrogate TN
http://www.barefootrealtyteam.com/mimarket/zip/37752/
http://www.barefootrealtyteam.com/mimarket/zip/37752/
Tuesday, March 13, 2012
Gov't Trims Half of Its Foreclosure Inventory
Gov't Trims Half of Its Foreclosure Inventory
The government was able to chip away at its foreclosure inventory in 2011, reducing it by nearly half, HousingWire reports in analyzing financial statements from three government enterprises.
From the end of 2010 to 2011, Freddie Mac, Fannie Mae, and the Department of Housing and Urban Development saw a 49 percent reduction in the number of REO properties it owns. The three government enterprises held about 150,700 properties as of Dec. 31, 2011, compared to 296,000 at the end of 2010.
“The GSEs sold REOs at a record pace in 2011,” HousingWire reports. “Combined, both sold more than 353,000 previously foreclosed property for the year.”
Here’s a closer look by how much the government enterprises trimmed their foreclosure inventories:
HUD: Reduced its foreclosure inventory to about 32,000, a 47 percent drop from more than 62,000 it held at the end of 2010.
Fannie: Reduced its foreclosure inventory to more than 118,000, which is down 27 percent from about 162,000 at the end of 2010.
Freddie: Reduced its REO inventory to 60,500, down 16 percent from more than 72,000 in 2010.
Source: “Government-held REO Halved During Robo-Signing Freeze,” HousingWire (March 9, 2012)
The government was able to chip away at its foreclosure inventory in 2011, reducing it by nearly half, HousingWire reports in analyzing financial statements from three government enterprises.
From the end of 2010 to 2011, Freddie Mac, Fannie Mae, and the Department of Housing and Urban Development saw a 49 percent reduction in the number of REO properties it owns. The three government enterprises held about 150,700 properties as of Dec. 31, 2011, compared to 296,000 at the end of 2010.
“The GSEs sold REOs at a record pace in 2011,” HousingWire reports. “Combined, both sold more than 353,000 previously foreclosed property for the year.”
Here’s a closer look by how much the government enterprises trimmed their foreclosure inventories:
HUD: Reduced its foreclosure inventory to about 32,000, a 47 percent drop from more than 62,000 it held at the end of 2010.
Fannie: Reduced its foreclosure inventory to more than 118,000, which is down 27 percent from about 162,000 at the end of 2010.
Freddie: Reduced its REO inventory to 60,500, down 16 percent from more than 72,000 in 2010.
Source: “Government-held REO Halved During Robo-Signing Freeze,” HousingWire (March 9, 2012)
Emily Hickman Lee
call or text: 865-278-0361
e-mail: Emily@BarefootRealtyTeam.com
website: www.BarefootrealtyTeam.com
facebook: www.facebook.com/emilyhickmanlee
Friday, January 14, 2011
States with the highest foreclosure rates
Lenders Repossess 1 Million Homes in 2010
Banks repossessed more than 1 million homes in 2010 and this year is expected to get even worse, according to RealtyTrac, a foreclosure tracking resource. About 5 million borrowers are at least two months behind on their mortgage payments, which industry analysts say will likely lead to lenders taking back even more homes this year as borrowers continue to struggle with job losses and dropping home values.
"2011 is going to be the peak," says Rick Sharga, a senior vice president at RealtyTrac Inc.
One in 45 U.S. households received a foreclosure filing last year, a record high and a 1.67 percent increase from 2009.
Some states are harder hit than others. In Nevada alone, one in every 11 households received a foreclosure filing last year. The state had a 71 percent spike in bank repossessions in December.
Banks in recent months have mostly slowed their pace in evictions, following allegations that they were handled improperly. But Sharga says banks will resume repossessions and the first quarter will likely show a rebound in foreclosure activity.
The states with the highest foreclosure rates:
• Nevada
• Arizona
• Florida
• California
• Utah
• Georgia
• Michigan
• Idaho
• Illinois
• Colorado
Source: “Lenders Take Back 1 Million Homes Last Year Despite Slowdown in Foreclosures in December,” Associated Press (Jan. 13, 2011)
Banks repossessed more than 1 million homes in 2010 and this year is expected to get even worse, according to RealtyTrac, a foreclosure tracking resource. About 5 million borrowers are at least two months behind on their mortgage payments, which industry analysts say will likely lead to lenders taking back even more homes this year as borrowers continue to struggle with job losses and dropping home values.
"2011 is going to be the peak," says Rick Sharga, a senior vice president at RealtyTrac Inc.
One in 45 U.S. households received a foreclosure filing last year, a record high and a 1.67 percent increase from 2009.
Some states are harder hit than others. In Nevada alone, one in every 11 households received a foreclosure filing last year. The state had a 71 percent spike in bank repossessions in December.
Banks in recent months have mostly slowed their pace in evictions, following allegations that they were handled improperly. But Sharga says banks will resume repossessions and the first quarter will likely show a rebound in foreclosure activity.
The states with the highest foreclosure rates:
• Nevada
• Arizona
• Florida
• California
• Utah
• Georgia
• Michigan
• Idaho
• Illinois
• Colorado
Source: “Lenders Take Back 1 Million Homes Last Year Despite Slowdown in Foreclosures in December,” Associated Press (Jan. 13, 2011)
Emily Lee
call/text 606-499-7836
Realty Group II
Broker:423-869-5111
Monday, December 20, 2010
MARKET TRENDS
Today's Market Trends for single-family homes
Average Listing Price: $169,107
-0.03%
Average Listing Price/Sq Ft: $91.14
Emily Lee
Realtor
606-499-7836
Realty Group II
423-869-5111
Friday, July 9, 2010
Thursday, April 8, 2010
Pending Home Sales Show Healthy Gain
Pending Home Sales Show Healthy Gain
Pending home sales rose in February, potentially signaling a second surge of home sales in response to the home buyer tax credit, according to the National Association of REALTORS®.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in February, rose 8.2 percent to 97.6 from a downwardly revised 90.2 in January, and remains 17.3 percent above February 2009 when it was 83.2. The data reflects contracts and not closings, which usually occur with a lag time of one or two months.
Lawrence Yun, NAR chief economist, says the improvement is another hopeful sign. “The rise in buyer contact activity may signal the early stages of a second surge of home sales this spring. The healthy gain hints home prices are continuing to flatten,” he says. “We need a second surge to meaningfully draw down inventory and definitively stabilize home values.”
Pending home sales by region:
Northeast: the index rose 9.0 percent to 77.7 in February and is 18.9 percent higher than February 2009.
Midwest: jumped 21.8 percent to 97.9 and is 18.7 percent above a year ago.
South: increased 9.2 percent to an index of 107.0, and the index is 17.5 percent higher than February 2009.
West: the index fell 4.8 percent to 98.0 but is 14.6 percent above a year ago.
Source: NAR
.
Pending home sales rose in February, potentially signaling a second surge of home sales in response to the home buyer tax credit, according to the National Association of REALTORS®.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in February, rose 8.2 percent to 97.6 from a downwardly revised 90.2 in January, and remains 17.3 percent above February 2009 when it was 83.2. The data reflects contracts and not closings, which usually occur with a lag time of one or two months.
Lawrence Yun, NAR chief economist, says the improvement is another hopeful sign. “The rise in buyer contact activity may signal the early stages of a second surge of home sales this spring. The healthy gain hints home prices are continuing to flatten,” he says. “We need a second surge to meaningfully draw down inventory and definitively stabilize home values.”
Pending home sales by region:
Northeast: the index rose 9.0 percent to 77.7 in February and is 18.9 percent higher than February 2009.
Midwest: jumped 21.8 percent to 97.9 and is 18.7 percent above a year ago.
South: increased 9.2 percent to an index of 107.0, and the index is 17.5 percent higher than February 2009.
West: the index fell 4.8 percent to 98.0 but is 14.6 percent above a year ago.
Source: NAR
.
EMILY LEE
606-499-7836
REALTY GROUP II
423-869-5111
Friday, January 15, 2010
ZipRealty Reports Inventory Declines
ZipRealty Reports Inventory Declines
ZipRealty reported that the number of homes for sale nationwide declined by nearly 5 percent in December. Markets with the largest inventory declines compared to November included Boston, down 13.3 percent; San Francisco Bay Area, down 12.1 percent; Denver, down 9.2 percent; Minneapolis-St. Paul, down 9 percent; and Seattle, down 7.9 percent.The data was compiled from multiple listing services in the markets where the real estate brokerage does business."Seasonality and the heavy activity by first-time home buyers in October and November, who were rushing to take advantage of the tax credit, impacted housing inventory in December," ZipRealty CEO Patrick Lashinsky said in a statement.
Source: Reuters News, Julie Haviv (01/13/2010)
ZipRealty reported that the number of homes for sale nationwide declined by nearly 5 percent in December. Markets with the largest inventory declines compared to November included Boston, down 13.3 percent; San Francisco Bay Area, down 12.1 percent; Denver, down 9.2 percent; Minneapolis-St. Paul, down 9 percent; and Seattle, down 7.9 percent.The data was compiled from multiple listing services in the markets where the real estate brokerage does business."Seasonality and the heavy activity by first-time home buyers in October and November, who were rushing to take advantage of the tax credit, impacted housing inventory in December," ZipRealty CEO Patrick Lashinsky said in a statement.
Source: Reuters News, Julie Haviv (01/13/2010)
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