Filings in April hit the lowest level seen since July 2007.
Last year's market share was the highest in a decade for the Builder 100–ranked companies.
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Several states saw huge jumps in foreclosure starts in March, a foreboding sign of things to come.
With rising numbers of foreclosures on their way, banks are prepared to price aggressively, according to a RealtyTrac spokesperson.
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Judicial foreclosure states began to see increases in filing rates last month, for the first time since robo-signing issues arose.
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Based on analysis of housing, economic, and demographic data for metro areas nationwide, these markets are showing signs of strength in several key metrics.
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Last year’s rate of filings was down 34% from 2010.
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November’s foreclosure numbers indicated that a new wave is approaching, thanks to filings delayed by paperwork issues.
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While nationwide the growing numbers seem to be slowly working their way through the system, on state and local levels, it's more a matter of fits and starts.
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Rather than hit everywhere at once, however, surges in activity will hit different states and markets at different times, as state courts push filings through.