Shared by Vijay Raja
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For the first six months of 2013, RealtyTrac reported a total of 801,359 U.S. properties with foreclosure filings, which include default notices, schedules auctions and bank repossessions. This is down 19% from the previous six months and a 23% drop from the first half of 2012.
Year-to-date, 409,491 foreclosure starts have been filed throughout the country, on pace to reach more than 800,000, which would be down from 1.1 million foreclosure starts in 2012.
Florida, Nevada, Illinois, Ohio and Georgia posted the top five state foreclosure rates for the first half of the year, while five Florida cities posted the top five metro foreclosure rates: Miami, Orlando, Jacksonville, Ocala and Tampa. -- mhopkins@housingwire.com
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Surprisingly, the recent run-up in rates has not greatly affected prices or home-purchase mortgage applications as of yet. According to the Trulia Price Monitor, asking prices only rose 1.5% month-over-month in June. Additionally, the Mortgage Bankers Association index for home-purchase mortgage applications in June rose 2% month-over-month.
"The interest rate increase hasn’t affected any homebuyer that I’m dealing with at this point in time," said (Matt) Weaver. "Has it affected their amount of monthly payments? Certainly. But it hasn’t taken them out of the game." -- mhopkins@housingwire.com
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Shared by George Takei
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