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realtytrac.com - 10/23/2008

FORECLOSURE ACTIVITY DECREASES 12 PERCENT IN SEPTEMBER

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By RealtyTrac Staff Third Quarter Activity Up 3 Percent From Q2 2008, Up 71 Percent From Q3 2007 New State Laws In California, Other States Impact Numbers IRVINE , Calif. – Oct. 23, 2008 – RealtyTrac ® ( realtytrac.com ), the leading online marketplace for foreclosure properties, ...

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CARPE DIEM:  Foreclosures Fall in Sept., Partly Due to Legislation

macroblog:  A home price index gets a new name (but it’s telling the same story)

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bloomberg.com - 10/23/2008

Foreclosure Filings Rose 71% in Third Quarter as Prices Fell

— bloomberg.com — Oct. 23 (Bloomberg) -- U.S. foreclosure filings increased 71 percent in the third quarter from a year earlier to the highest on record as home prices fell and stricter mortgage standards made it harder for homeowners to sell or refinance, RealtyTrac ... (more) Foreclosure Filings Rose 71% in Third Quarter as Prices ...

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Foreclosures Fall in Sept., Partly Due to Legislation
CARPE DIEM — RealtyTrac, the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report for September 2008 and Q3 2008. Foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 265,968 properties in September, a 12% decrease from the previous month but still a 21% increase from September 2007 (see map above). One in every 475 U.S. housing units received a foreclosure filing in September (that's 0.21% of households). ...

A home price index gets a new name (but it’s telling the same story)
macroblog — Yesterday we got a peek at the latest home price data provided by the Federal Housing Finance Agency (FHFA). Never heard of it before? It’s the new agency that took conservatorship of Fannie Mae and Freddie Mac, the nation’s giant housing GSEs (government-sponsored enterprises). FHFA has also absorbed the Office of Federal Housing Enterprise Oversight, or OFHEO. So the popular OFHEO ...

Without AZ, CA, FL and NV, Foreclosures Dropped in the Third Quarter By -2.45% Vs. Second Quarter
CARPE DIEM — According to RealtyTrac, foreclosure filings were reported on 765,558 U.S. properties during the third quarter of 2008, up by +3.49% from the second quarter (739,741 foreclosures). Foreclosures were heavily concentrated in Arizona (12,982), California (69,548), Florida (47,956) and Nevada (13,022), and those four states accounted for 19.4% of the total (143,508 out of 765,558). If you take out those four states (AZ, CA, FL and NV), foreclosures in the rest of the country actually declined by -2.45% in the third quarter to 356,824, from 365,801 in the second quarter.