San Gabriel Valley Real Estate

From East to West Reeds Are The Best!

Many seek new homes near cities but are priced out

Many seek new homes near cities but are priced out

Loosened Mortgage Rule Advances After SEC Drops Objection

Home Price Gains of 20% Vanish as Hottest Markets Cool

Why Renters Are Ending Up in the Suburbs

Regulator Asks for Input on Raising Fannie-Freddie Fees

Global Housing Watch: IMF on Overvalued Prices

Survey Reveals First-Time Homebuyers’ Biggest Regrets

What you should know …

Foreclosure activity across the United States dropped to an eight-year low in May as banks reclaimed fewer homes and foreclosure starts saw their lowest levels in years, according to a new report from RealtyTrac.

While the report found that one in every 1,199 U.S. housing units had a foreclosure filing during the month, individual states saw monthly increases, despite the overall national decline. Statewide, 21 states posted monthly increases in overall activity, with 11 states posting annual increases in foreclosure activity.

RealtryTrac also found that bank repossessions also fell in May, hitting the lowest level seen since July 2007—an 82-month low. Lenders repossessed 28,373 U.S. properties in May, down 6 percent month-over-month and down 27 percent yearly.


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This entry was posted on June 13, 2014 by and tagged , , , , .

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Rich & Annie Reed
Long Dragon Realty
CalBRE# 01906230 & 01894384



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