DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/84661
Alabama rank: 40 90+ Day 3.73% 3.78% -1.22% 90+ Day 8.19% year ago 8.68% percent point change -5.63% MOBILE, AL june 2012 6.21% year ago 6.00% percent point change 3.43% 23.06% note: The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90- plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the June 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary June 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. 2.05% 2.52% 73.37% Top Core-Based Statistical Area 90+ Day Delinquency Rate Foreclosure Rate 2.50% Delinquency Rate Foreclosure Rate june 2012 1.85% year ago 1.77% percent point change 4.57% Top County CONECUH COUNTY Delinquency Rate june 2012 4.34% Foreclosure Rate Unemployment Rate 7.8% 9.3% -16.1% IN THE NEWS Alabama's Housing Supply Down More Than 10% in Alabama as of the end of June, accord- ing to the Alabama Center for Real Estate (ACRE) at the University of Alabama. The state's for-sale inventory decreased by 3,926 units, or 10.2 percent, when compared to the same period last year. Twenty of the 25 local Realtor associa- There were 34,458 homes available for sale tions have reported positive year-over-year reductions in inventory from June 2011. According to ACRE, the leaders by market size for diminishing inventory include Birmingham among metros (-16.26 percent), Cullman in the midsize category (-20.1 percent), and Jackson County. among rural markets (-20.2 percent). Metro areas report 8.0 months of housing Alabama supply; midsize markets report 9.9 months of supply; while rural areas report 14.1 months. ACRE noted in its June residential market report that a market is considered to be in balance at approximately 6.0 months of housing supply. The average number of days an Alabama home was on the market in June was 144, representing a decrease of 12.5 percent from the 165 days on market in June 2011, according to the state university's real estate center. Top 3% of Alabama Keller Williams Agents Stephanie J. Ford 205.873.1075 www.stephanieford.com sford@stephanieford.com KNOW THIS STAT INSIGHT Distressed sales as a percent- age of Alabama's total home sales for the 12 months ended 16.8 June 2012. Source: CoreLogic 100 With an average foreclosure sale price of $95,092 in the second quarter and 17-months' supply of REOs, RealtyTrac cites Montgomery, Alabama, as the seventh best metro in the country for buying or investing in foreclosures. Your Business is My Business. REO Commercial Short Sales Stephanie J. Ford CDPE Top 3% of Alabama Keller Williams Agents 205.873.1075 www.stephanieford.com sford@stephanieford.com