Per foreclosureradar.com, September 2012 California Notice of Defaults were down 20.7 percent from the prior month, and down 48.1 percent compared to last year. There has been speculation that the banks would rush to clear inventory before the CA Homeowner Bill of Rights takes affect in January 2013, causing an increase in the number of foreclosures. Clearly this is not the case as we continue to see the number of Foreclosure Starts decline. Notice of Trustee Sales remains basically flat, up 1.9 percent from the prior month.
Tag Archives: foreclsoure
10 Markets to Watch in 2012
Real estate markets in the Midwest and the South dominate the list of the Top 10 Markets to Watch in 2012, according to a report compiled by Inman News. Only two Northeastern markets, both in New York, made the list, but no markets from the West were included. The 10 markets are: Raleigh-Cary, N.C.; Wichita, Kan.; Rochester, N.Y.; Des Moines, Iowa; Chattanooga, Tenn.; Peoria, Ill.; Amarillo, Texas; Binghampton, N.Y.; Waterloo-Cedar Falls, Iowa; and Bloomington-Normal, Ill. These markets are showing signs of improvement in several key metrics, including above-average price appreciation, a flourishing job market, a high rate of sales in proportion to population, higher home affordability, low foreclosure activity, a below-average share of distressed sales, and low vacancy rates.