DS News - Digital Archives

September, 2012

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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VISIT US ONLINE @ DSNEWS.COM $600,000-$900,000 range rose 35.4 percent year-over-year. Distressed property sales made up 38 percent of the area's resale market, down from 40 percent in May and 43 percent a year earlier. REO sales represented 14.6 percent of total resales—the lowest share since October 2008—and short sales made up an estimated 23.3 percent. As foreclosure resales fell and the West Virginia rank: 34 90+ Day 2.38% 2.57% -7.57% market shifted toward mid- to high-end transactions, the median sale price rose year-over-year for the third consecutive month, nearly hitting a two-year high. Buyers paid a median $289,950 for all new and resale houses sold in the Seattle area during June, an increase of 3.0 percent from May and 8.2 percent from June 2011. The median began rising on a year-over- year basis in April after 20 straight months of annual declines. DataQuick says foreclosures on single- family houses and condos in the region increased 13.6 percent from May to June, but were down 45.2 percent from June 2011 to June 2012. During the first six months of this year, foreclosures in the Seattle area were down 52.5 percent from the same period last year. 90+ Day 2.78% year ago 2.86% percent point change -2.57% -16.12% Top Core-Based Statistical Area HAGERSTOWN-MARTINSBURG, MD-WV 90+ Day 3.39% year ago 3.56% percent point change -4.79% -15.41% 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. 3.64% Delinquency Rate june 2012 3.08% Foreclosure Rate 4.19% Delinquency Rate Foreclosure Rate june 2012 2.14% year ago 2.29% percent point change -6.28% Top County MARSHALL COUNTY Delinquency Rate june 2012 3.51% Foreclosure Rate WISCONSIN & FLORIDA LICENSED IN Unemployment Rate 7.0% 8.0% -12.5% Wisconsin rank: 19 90+ Day 2.69% 2.55% 5.66% 90+ Day 3.49% Be confident that the industry is hearing your message. Advertise with DS News today. Call 214.525.6700 or visit DSNews.com. year ago 3.56% percent point change -1.89% 11.99% Top Core-Based Statistical Area JANESVILLE, WI 90+ Day 3.81% year ago 3.93% percent point change -2.89% -14.49% 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. 5.35% Delinquency Rate june 2012 4.58% MEMBER Foreclosure Rate 5.69% Delinquency Rate Foreclosure Rate june 2012 3.36% year ago 3.88% percent point change -13.38% Top County RICHLAND COUNTY Delinquency Rate june 2012 6.38% Foreclosure Rate Unemployment Rate 7.0% 7.6% -7.9% BONNIE STEINMETZ, CDPE, CDSP CCIM Candidate Member NRBA Member Broker/Owner STEINMETZ REAL ESTATE GROUP, LLC bonnies@bsreg.com www.bsreg.com offi ce: 920.219.9589 cell: 920.296.7433 141

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