Despite Historically-Low Rates, Foreclosures Increasing in Areas

Despite Historically-Low Rates, Foreclosures Increasing in Areas

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The current economic expansion hit a milestone recently, as the longest on record, and employment figures remain strong-an area. remain. Despite historically low mortgage rates, inadequate.

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Despite the national drop in foreclosure activity, New Jersey saw a 16 percent increase during this time period. Atlantic City and Trenton were listed as two of the state’s metropolitan areas with the highest rate of foreclosure. Within two of the last three months, the Garden State experienced an increase in foreclosure starts.

Stockton’s housing market is on fire, despite. The foreclosure rate, along with high unemployment rates and violent crime, helped Stockton land a spot on Forbes’ ranking of miserable cities. While.

“As interest rates are poised to rise in the near future, supply will need to increase to sustain significant growth in the market.” Adds Yun, “Hopes of a meaningful sales breakthrough as a result of.

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By BECKY GILLETTE Predictions that the housing market in Mississippi would be good for both buyers and sellers this year apparently have been borne out despite higher mortgage interest rates and concerns about a short supply of homes available for sale, particularly in the affordable range. Mississippi Realtors President for 2018, Karen Glass, who is.

Adam Boles Senior Loan Officer | NMLS # 56725 Gilbert – 302226 Bay Equity Home Loans Mortgage Professional Reviews Credit Scores Can Impact Your Real Estate Financing I’ve been reading Political Wire for over a decade, since my Dad recommended it to me (the first and only good idea he’s had about the Internet). To this day, every call we have opens with "Did you see." and I know that it’ll be something we’ve both read on Political Wire.

Despite. a foreclosure filing in May, the second-highest foreclosure rate among the 20 largest metro areas. arizona posted the second-highest foreclosure rate in the nation in May after dropping to.

Despite the recent increases, REOs in July were still less than half their peak of 102,134 in September 2010, but more than twice their pre-crisis average of 23,119 a month in 2005 and 2006. REOs.

 · While 2019 is seeing an increase in foreclosure starts among several states and metros, mortgage delinquency rates and foreclosures hit historical lows to close out 2018. A recent report from CoreLogic found that 4.1 percent of U.S. mortgages were in a stage of delinquency in November 2018, representing a 1.1 percentage point decline in the overall delinquency rate compared with a year ago.

 · Despite Illinois having the fourth highest foreclosure rate of any state, Cook County saw less than 1 percent of its home face foreclosure last month, a decrease of 4.4 percent.

 · From December 2014 to January 2015, repossessions jumped 55%, contributing to a 5% month-to-month increase in overall foreclosure activity, according to the January RealtyTrac U.S. Foreclosure.


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