Irvine
Real Estate News

Property Foreclosures Uptick in U.S. in October

Property Foreclosures Uptick in U.S. in October

There were a total of 55,197 U.S. properties with foreclosure filings -- default notices, scheduled auctions or bank repossessions -- in October 2019, up 13 percent from the previous month but down 17 percent from a year ago. Read More »


U.S. Mortgage Foreclosure Rate at 20-Year Low in August

U.S. Mortgage Foreclosure Rate at 20-Year Low in August

3.7% of all U.S. mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in August 2019, representing a 0.2 percentage point decline in the overall delinquency rate compared with August 2018, when it was 3.9%. Read More »

26.7 Percent of all U.S. Residential Properties With a Mortgage are Equity Rich

26.7 Percent of all U.S. Residential Properties With a Mortgage are Equity Rich

14.4 million residential properties in the United States were considered equity rich, meaning that the combined estimated amount of loans secured by those properties was 50 percent or less of their estimated market value. Read More »

U.S. Home Prices Increased 3.5 Percent Annually in September

U.S. Home Prices Increased 3.5 Percent Annually in September

According to CoreLogic's latest Home Price Index for September 2019, U.S. home prices rose both year over year and month over month. Home prices increased nationally by 3.5% from September 2018. On a month-over-month basis, prices increased by 0.4% in September 2019. Read More »


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Global Property Spotlight

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

The town of Safety Harbor is a secret little hideaway known as the Jewel of Tampa Bay. Safety Harbor is neighbored by the major city of Clearwater, Florida. Read More »

Last Updated November 14, 2019 8:05 AM ET

Irvine Property News

According to ATTOM Data Solutions' Q4 2019 Vacant Property and Zombie Foreclosure Report, over 1.5 million (1,527,142) U.S. single family homes and condos, representing 1.5 percent of all homes, were vacant in the fourth quarter of 2019.

According to the California Association of Realtors, amid the most favorable mortgage interest rates in nearly three years, California's housing market recorded a third consecutive year-over-year sales increase as month-over-month sales remained essentially flat.

There was a total of 143,105 U.S. properties with foreclosure filings in the third quarter, down 6 percent from the previous quarter and down 19 percent from a year ago to the lowest level since Q2 2005.

According to the National Association of Realtors' newly released 2019 U.S. Vacation Home Counties Report, increased financial wealth and low mortgage rates boosted the demand for and price of vacation homes.

Nationally, 3.8% of U.S. mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in July 2019, representing a 0.3 percentage point decline in the overall delinquency rate compared with July 2018, when it was 4.1%.

According to ATTOM Data Solutions newly released Q2 2019 U.S. Home Flipping Report, 59,876 U.S. single family homes and condos were flipped in the second quarter of 2019, up 12.4 percent from the previous quarter, but down 5.2 percent from a year ago.

According to ATTOM Data Solutions, there were 53,007 U.S. properties with foreclosure filings in August 2019, up 4 percent from July 2019 but down 24 percent from a year ago. Nationally, one in every 2,554 U.S. properties received a foreclosure filing during the month of August.

According to CoreLogic's latest monthly Loan Performance Insights Report, on a national basis 4% of U.S. mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in June 2019

U.S. home prices rose both year over year and month over month. Home prices increased nationally by 3.6% from June 2018. On a month-over-month basis, prices increased by 0.5% in July 2019.

Thirteenth Consecutive Month-Over-Month Decline. States with the worst foreclosure rates in July were New Jersey, Delaware, Florida, Illinois and Maryland.

According to ATTOM Data Solutions newly released Q3 2019 Vacant Property and Zombie Foreclosure Report, there are over 1.5 million (1,530,563) U.S. single-family homes and condos vacant in the third quarter of 2019, representing 1.6 percent of all homes.

According to the National Association of Realtors, most metro U.S. areas saw price gains under marginal inventory growth in the second quarter of 2019.

Home prices rose both year over year and month over month. Home prices increased nationally by 3.4% from June 2018. On a month-over-month basis, prices increased by 0.4% in June 2019.

Home Sales Report, U.S. single family homes and condos sold for a median price of $266,000 in the second quarter, up 10.8 percent from the previous quarter and up 6.4 percent from a year ago -- reaching a new median home price peak.

U.S. employment rates typically have a positive impact on the housing economy as it can lead to an increase in potential home buyers and a decrease in negative equity.

According to the California Association of Realtors, after rebounding in May, California home sales fell below the benchmark 400,000 level in June 2019 as sales declined from both the previous month and year.

After last week's two significant 6.4 and 7.1 earthquakes in Southern California, people are being reminded of the significant damage that earthquakes can cause the State's housing industry.

Median U.S. home prices nationwide in the second quarter of 2019 were not affordable for average wage earners in 353 of 480 U.S. counties analyzed.


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