Thursday, December 10, 2009

Foreclosure filings up 18% YoY; down 8% MoM

From CNN Money:
Foreclosure filings fell by 8% in November, making it the fourth consecutive month of improvement in the housing market.

There were 306,627 filings last month, according to RealtyTrac, an online marketer of foreclosed properties. That decline follows a 3% drop in October, 4% in September and 1% in August. ...

However, while there are signs of improvement, the industry has yet to turn around: Foreclosure filings were still a lofty 18% above November 2008's levels.
Posted by at 7:02 AM
Labels:

5 comments:

  1. AnonymousDecember 10, 2009 10:34 AM

    While we're on the subject of morality and ethics, I continue to scratch my head when reading articles like these. The MoM statistic is so meaningless yet so likely to mislead. IMHO, the business media are at least partially culpable in the state of our economy.

    ReplyDelete
  2. AnonymousDecember 10, 2009 10:42 AM

    What are you talking about? It is not morally wrong to mislead people.

    ReplyDelete
  3. AnonymousDecember 10, 2009 1:47 PM

    MRIS stats are out. NOVA median prices (YOY) are up again.

    http://www.mris.com/reports/stats/monthly_reti.cfm

    DEAR GOD, MAKE IT STOP...MAKE IT STOP...WAAHHHHH!!!

    ReplyDelete
  4. AnonymousDecember 11, 2009 10:03 AM

    I live in MoCo.
    http://realestate.yahoo.com/Maryland/Potomac

    http://realestate.yahoo.com/Maryland/Gaithersburg


    ouchies!!!!!1

    ReplyDelete
  5. UK Repossessions ExpertDecember 30, 2009 4:39 AM

    The UK government recently said that they wish to close a legal loophole which enabled lenders to repossess homes without going to court. This decision stops unethical lenders using the loophole

    Under the law as it stands, lenders can take back and sell property without agreement from either the owner, or the Courts.

    ReplyDelete

Subscribe to: Post Comments (Atom)