Hurricane Florence, Carr wildfires and Kilauea volcanic eruption prompted spike in delinquencies, even as overall foreclosure rate hit 12-year low, according to CoreLogic From North Carolina in the aftermath of Hurricane Florence to parts of California ravaged by wildfires and Hawaii following the Kilauea volcano eruption , home delinquency rates rose sharply in September even […]
According to this week's market reports, foreclosures are up in all five boroughs, and net absorption in Manhattan's office market was down for the third consecutive quarter. Brown Harris Stevens Townhouse prices in Brooklyn rose 16 percent in the third quarter year-over-year, while apartment prices grew 2 percent, and condo price-per-square-foot increased 13 percent. Foreclosure […]
California's Inland Empire was hit hard by the 2008 crisis, with disproportionate foreclosures on poor and working-class families, leaving neighborhoods blighted by empty, vandalized homes. But then a funny thing happened: the rents in these blighted neighborhoods started going up and up and up, so that now 63% of tenants are paying 30% or more […]
Foreclosures have dropped significantly in the Tampa Bay area over the last year, but this has caused bank-owned homes to spike in price as inventories shrink. BRYAN THOMAS Though still above the national level, Tampa Bay's foreclosure rate continues to drop while good deals on foreclosed homes are getting scarcer by the month. Foreclosure News