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By Dennis Norman, on May 17th, 2012
This morning, RealtyTrac released their U.S. Foreclosure Market Report for April 2012 which shows that foreclosure filings (default notices, scheduled auctions and bank repossessions) we’re reported on 1,793 properties in St. Louis during the month, a 0.33 percent decrease from the previous month and an increase of 28.53 percent from April 2011. During the month, 1 out of every 696 homes in St. Louis had a foreclosure filing. [...]
By Dennis Norman, on April 12th, 2012
This morning, RealtyTrac released their U.S. Foreclosure Market Report for the first quarter of 2012 which shows that foreclosure filings (default notices, scheduled auctions and bank repossessions) we’re reported on 572,928 properties in the U.S. during the quarter, a 2 percent decrease from the previous quarter and a decrease of 16 percent from the first quarter of 2011. During the month, 1 out of every 230 homes in the U.S. had a foreclosure filing. [...]
By Dennis Norman, on March 15th, 2012
St. Louis foreclosure activity in February 2012 increased 20.54 percent from the month before and was up 17.58 percent from year before, according to RealtyTrac’s foreclosure market report that was just released. [...]
By Dennis Norman, on March 1st, 2012
St. Louis foreclosure sales in 2011 numbered 7.894, about the same as the year before, according to a report released this morning from RealtyTrac. The 2011 St Louis Foreclosure sales were down almost 20 percent from 2009 and accounted for about 17 percent of all home sales in 2011. [...]
By Dennis Norman, on February 16th, 2012
St. Louis foreclosure activity in January 2012 increased 1.11 percent from the month before but was down 21.58 percent from year before, according to RealtyTrac’s foreclosure market report that was just released. Of the 5 largest Missouri counties within the St Louis MSA, Jefferson County saw the largest increase in foreclosures in January at 16.51 percent, following closely by St Charles County at 15.08 percent, St. Louis County at 10.4 percent and the City of St Louis with a modest 2.17 percent increase. [...]
By Dennis Norman, on January 26th, 2012
St. Louis foreclosure activity in the third quarter of 2011 declined 15.51 percent from the quarter before and 10.12 percent from the year before, according to RealtyTrac’s foreclosure market report that was just released. [...]
By Dennis Norman, on January 26th, 2012
Foreclosure Price 34 Percent Below Average Price of Non-Foreclosures RealtyTrac, today released its third-quarter 2011 U.S. Foreclosure Sales Report, which shows that sales of homes that were in some stage of foreclosure or bank owned accounted for 20 percent of all U.S. residential sales in the third quarter of 2011, down from 22 percent of all sales in the second quarter and down from 30 percent of all sales in the third quarter of 2010. [...]
By Dennis Norman, on January 12th, 2012 St. Louis foreclosure activity in 2011 declined 25.22 percent from the year before according to RealtyTrac’s foreclosure market report for 2011 that was just released.
As the chart below depicts, of the seventeen counties in the St. Louis metro area, all but five saw a decrease in foreclosure activity from the year before, and ten [...]
By Dennis Norman, on December 15th, 2011
St. Louis foreclosure activity increased during November by 6 percent from the prior month and decreased by 18 percent from October 2010, according to RealtyTrac’s foreclosure market report that was just released. [...]
By Dennis Norman, on October 13th, 2011
St. Louis foreclosure activity increased during the 3rd quarter of 2011 by 12.16 percent from the prior quarter with 1 of every 255 St. Louis metro area homeowners having a foreclosure filing according to RealtyTrac’s foreclosure market report that was just released. As the chart below depicts, of the eight largest counties in the St. Louis metro area all but Franklin County saw an increase in foreclosure activity during the quarter with Madison County Illinois leading the way with a 66 percent increase. [...]
By Dennis Norman, on September 15th, 2011 St. Louis foreclosure activity increased in August by 29.09 percent from July with 1 of every 682 St. Louis homeowners having a foreclosure filing according to RealtyTrac’s foreclosure market report that was just released. As the chart below depicts, of the eight largest counties in the St. Louis metro area all but Madison County Illinois [...]
By Dennis Norman, on August 25th, 2011 This morning, RealtyTrac released it’s Foreclosure Sales Report for the St. Louis metro area for the 2nd quarter of 2011 which showed there were 2,138 REO’s (banked owned) and Pre-Foreclosure (short sales and other sales of property with loans in default) during the quarter which is a 4.86 percent increase from the prior quarter and [...]
By Dennis Norman, on August 11th, 2011 Finally some good news for the St. Louis Real Estate Market! This morning RealtyTrac released their foreclosure activity report for the St. Louis metro area for July 2011 showing that foreclosure activity in the St. Louis metro area in July was down 8.77 percent from the month before and down a whopping 35.46 percent from [...]
By Dennis Norman, on August 1st, 2011
RealtyTrac released their Midyear 2011 Metro foreclosure report showing that foreclosure activity decreased on a year-over-year basis in 178 out of the nation’s largest 211 metropolitan areas which is some much needed good news!
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By Dennis Norman, on July 14th, 2011
RealtyTrac released their Midyear 2011 foreclosure report this morning showing a total of 1,170,402 U.S. properties received foreclosure filings (default notices, scheduled foreclosures and bank REO’s) in the first six months of 2011, a 25 percent decrease from the prior six months and a 29 percent decrease from the first half of 2010.
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By Dennis Norman, on June 16th, 2011
RealtyTrac released their foreclosure report this morning for May 2011 which shows foreclosure filings (default notices, scheduled foreclosures and bank REO’s) were reported on 214,927 homes in May which is a 2 percent decrease from the month before and a 33 percent decrease from May 2010.
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By Dennis Norman, on May 26th, 2011
RealtyTrac released their foreclosure report this morning for the first quarter of 2011 showing that foreclosure homes (sales of bank-owned homes and those in some stage of foreclosure) accounted for 28 percent of all U.S. residential sales during the quarter. This is up slightly from 27 percent the prior quarter and the highest percentage [...]
By Dennis Norman, on May 23rd, 2011 According to a survey conducted by Harris Interactive® on behalf of Trulia and RealtyTrac, 45 percent of American adults say the government is not doing enough to prevent foreclosures. Only 17 percent think the government is doing too much and 16 percent say just the right amount is being done.
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By Dennis Norman, on May 12th, 2011 The St. Louis Foreclosure Rate declined over 23 percent in April from the prior month and was down almost 39 percent from a year ago, according to a report released this morning by RealtyTrac. Granted, some of this decline for April was no doubt due to the severe storms that hit the area April 19th [...]
By Dennis Norman, on April 14th, 2011
The 800 pound gorilla in the room has finally lost some weight!
RealtyTrac released their foreclosure report for the first quarter of 2011 which shows foreclosure filings were reported on 681,153 U.S. properties during the quarter, a 15 percent decrease from the previous quarter and a 27 percent decrease from the first quarter of [...]
By Dennis Norman, on March 9th, 2011 St. Louis Foreclosure Activity in February declines 40 Percent More in St. Louis than overall U.S.
RealtyTrac just released their foreclosure activity report for February showing foreclosure activity in the St. Louis metro area declined 19.6 percent from the month before and was down 17.86 percent from a year ago. The U.S. foreclosure rate [...]
By Dennis Norman, on February 24th, 2011
RealtyTrac released their foreclosure report for 2010 showing that foreclosure homes accounted for nearly 26 percent of all U.S. residential sales during the year. This is down from 2009 when 29 percent of all sales were foreclosure homes.
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By Dennis Norman, on February 10th, 2011 St. Louis bucks the national foreclosure trend…in the wrong way..
Earlier today I wrote that the U.S. foreclosure rate for January was up 1 percent from December and down 17 percent from the year before….unfortunately the numbers for St. Louis are not that good at all and in fact much worse. According to data released [...]
By Dennis Norman, on February 10th, 2011
RealtyTrac released their foreclosure report for January 2011 showing there were foreclosure filings in January on 261,333 U.S. properties, a 1 percent increase from December but a 17 percent decrease from January 2010.
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By Dennis Norman, on February 1st, 2011
RealtyTrac released their foreclosure report for 2010 which showed some mixed results. During 2010 there were 2,871,891 foreclosure filings in the U.S., an increase of 1.67 percent from 2009. However the metro areas with the 10 highest foreclosure rates all saw decreases in foreclosure filings in 2010 from the year before, in fact six [...]
By Dennis Norman, on December 2nd, 2010
According to a report released by RealtyTrac, foreclosure homes accounted for 25 percent of all U.S. residential sales in the third quarter of 2010 and that the average sales price of properties that sold while in some stage of foreclosure was more than 32 percent below the average sales price of properties not in [...]
By Dennis Norman, on October 18th, 2010
Dennis Norman
According to a report just released by RealtyTrac® foreclosures increased in the third quarter of 2010, although with a slowing rate of increase. There were 930,437 foreclosure filings in the third quarter, up almost 4 percent from the 2nd quarter but up only 1 percent from the year before. One in every [...]
By Dennis Norman, on September 7th, 2010
Dennis Norman
When I first entered the real estate business in 1979, at the age of 18 which seems so long ago) foreclosures were a mystery to most people and certainly no one looking for a home to live in looked to buy a foreclosure. Homes that were being foreclosed upon were advertised in [...]
By Dennis Norman, on August 13th, 2010
Dennis Norman
I remember, not that long ago, when 300,000 foreclosures in a month would have seemed unreal. However, July now marks the 17th consecutive month that there have been foreclosure filings exceeding 300,000 for the month.
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By Dennis Norman, on July 15th, 2010
Dennis Norman
According to a report released this morning by RealtyTrac there were 1,961,894 foreclosure filings in the first six months of 2010 on 1,654,634 housing units in the U.S. This reflects a 5 percent decrease from foreclosure activity for the prior 6 month period but is an 8 percent increase from the same [...]
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