Foreclosures Down in 10 of the Hardest-Hit U.S. Home Markets

[mEDITate-OR:
realize that you are going "down"...
and you can't get up.
somewhere, with someone, for reasons you don't understand...
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Cities in Arizona, California, Florida and Nevada accounted for 19 of the top 20 metro foreclosure rates

The Houston, Seattle and Atlanta areas saw the largest increase in the foreclosure rates among the 20 largest U.S. metro areas

The Phoenix-Mesa-Scottsdale area reported 55,372 bank repossessions in 2010, the most of any metro area

-----------    AZ

4

Phoenix-Mesa-Scottsdale, AZ

124,720

7.27

14

-6.79

27.68

26

Prescott, AZ

4,603

4.35

23

0.92

72.53

38

Tucson, AZ

14,480

3.40

29

13.14

60.12

----------    WA

84

Seattle-Tacoma-Bellevue, WA

27,926

1.95

51

22.63

75.55

118		Bremerton-Silverdale, WA		1,437		1.41		71		17.69		40.47
119		Olympia, WA		1,434		1.40		72		10.31		28.49

161

Spokane, WA

1,800

0.91

110

83.86

57.07

172

Yakima, WA

657

0.78

127

12.69

40.38

------------  OR

40

Medford, OR

2,857

3.24

31

5.08

65.82

63

Portland-Vancouver-Beaverton, OR-WA

20,588

2.29

44

2.85

92.70

69

Salem, OR

3,162

2.13

47

1.67

96.40

105

Eugene-Springfield, OR

2,376

1.58

63

10.87

98.33

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Below is  RealtyTrac’s list of the top 25 worst cities for foreclosures this past year:

1. Las Vegas, NV: 1 out of 9 home owners

2. Cape Coral-Fort Meyers, FL: 1 out of 12 home owners

3. Modesto, CA: 1 out of every 14 home owners

4.Phoenix, AZ: 1 out of 14 home owners

5. Miami-Fort Lauderdale, FL: 1 out of 14 home owners

6. Riverside, CA: 1 out of  14 home owners

7. Stockton, CA: 1 out of  14 home owners

8. Merced, CA: 1 out of 14 home owners

9. Orlando, FL: 1 out of 15 home owners

10.Vallejo-Fairfield, CA: 1 out of 16 homeowners

11.Reno, NV: 1 out of 16 homeowners

12. Bakersfield, CA: 1 out of 17 home owners

13. Deltona-Daytona Beach, FL: 1 out of 17 home owners

14. Naples, FL: 1 out of 18 home owners

15. Sacramento, CA: 1 out of 19 home owners

16. Port St. Lucie, FL: 1 out of 19 home owners

17. Tampa-St. Petersburg, FL: 1 out of 20 home owners

18. Lakeland, FL: 1 out 21 home owners

19. Sarasota, FL: 1 out of 19 home owners

20. Boise City, ID: 1 out of 19 home owners

21. Greeley, CO: 1 out of 19 home owners

22. Palm Bay, FL: 1 out of 19 home owners

23. Visalia-Porterville, FL: 1 out of 22 home owners

24. Fresno, CA: 1 out of 22 home owners

25. Atlanta, GA: 1 out of 23 home owners

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2010 Foreclosure Activity Down in Hardest Hit Markets
But Increases in 72 Percent of Major Metros
Metros with  Top 10 Foreclosure Rates All Post Decreasing Foreclosure Activity
Houston,  Seattle, Atlanta See Biggest Increases Among 20 Largest Metros
http://www.realestatechannel.com/us-markets/residential-real-estate-1/home-foreclosures-foreclosure-rate-realtytrac-bank-foreclosures-top-foreclosure-markets-california-home-foreclosures-florida-home-foreclosures-las-vegas-home-foreclosures-3816.php
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Foreclosures up in most U.S. metro areas
http://www.cbc.ca/consumer/story/2011/01/27/us-foreclosures-increase-report.html#ixzz1CH6KEJzX
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Las Vegas: Still the foreclosure king
http://money.cnn.com/2011/01/27/real_estate/metro_area_foreclosures/index.htm
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2010’s Worst Cities For Foreclosures
http://blogs.forbes.com/morganbrennan/2011/01/26/the-worst-cities-for-foreclosures-in-2010/
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NAR pending home sales rise 2%

[mEDITate-OR:
wonder how NAR got "off"..., so far...?
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JGBHimself
Jan 27 11:16 PM
To make all of U.S. even more dependent upon Sold to explain it, pending sales as reported today by NAR, showed a huge decline in sales of both new and existing homes in The WEST!
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But, look at these numbers:
The PHSI in the Northeast increased 1.8 percent to 73.9 in December
but is 5.3 percent below December 2009.
In the Midwest the index rose 8.0 percent
but is 5.1 percent below a year ago.
Pending home sales in the South jumped 11.5 percent
and are 1.7 percent above December 2009.
In the West the index fell 13.2 percent
and is 10.7 percent below a year ago.
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So, we must assume, must we not, that since today those of U.S. out West and out of pocket for underwater equities are now buying 13% less homes, and yesterday we bought 72% more brand new homes, and 50% of all homes sold were foreclosed, that NO body bought a resident-occupied existing home.
Go figure! Sold! Explain it?
Both the Ying &Yang to Yun & U.S., please.
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NAR pending home sales rise 2%
http://www.housingwire.com/2011/01/27/nar-pending-home-sales-rise-2-trimtabs-expects-slow-recovery
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Pending Home Sales: December 2010
http://seekingalpha.com/article/249166-pending-home-sales-december-2010?source=dashboard_macro-view
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CR's analysis of the Financial Crisis Inquiry Commission report

[mEDITate-OR:
or think that media coverage will explain this to you..
--------
when there is a reasoned version from someone who has lived this mess...
and tried to explain it to U.S. as we - you, Jim and U.S. - experienced it.
Must read.
----------
Here is the Financial Crisis Inquiry Commission report
Here are the conclusions.
=========
Financial Crisis Inquiry Commission report
http://www.calculatedriskblog.com/2011/01/financial-crisis-inquiry-commission.html
===========

Think B.I.G.'s analysis of November Case-Shiller Housing Numbers

[mEDITate-OR:
believe that the RE crisis is obviously getting much better...
Tis, of course, the crisis stupid...!
not the turnaround
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Since November 2009, only 4 cities are up -- Washington DC, San Diego, Los Angeles, and San Francisco.
Phoenix, Portland, Detroit, Chicago and Atlanta are all down more than 6% year over year.
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While nearly all cities saw some kind of bounce off of their lows last year
many have now double dipped to new lows.
Nine cities hit new multi-year lows in November
including all cities tracked in the southeast portion of the US -- Miami, Tampa, Atlanta and Charlotte.
Chicago, Detroit, Las Vegas, Portland and Seattle are the other five cities that are back to new lows.
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November Case-Shiller Housing Numbers
http://seekingalpha.com/article/249014-november-case-shiller-housing-numbers?source=dashboard_macro-view
==========