Some unexpected things that could decrease the value of your home: destructive weather events, crime sprees, school closures, job loss in your area, foreclosures, vacant homes, ugly new development, increase in local supply of homes, spike in property tax rates, zombie invasion, etc. Don’t flip. Unless it’s really your hobby, that is.
Pre-foreclosures are spiking in New York City according to a new PropertyShark analysis. On a quarter over quarter basis, they are up an astounding 31%. Analysis for New York indicated that the city saw 3,070 properties entering pre-foreclosure for the first time in Q2. According to the report, foreclosures are likely to increase in coming [.]
According to the report, foreclosures are likely to increase in coming quarters based on these numbers. And it wasn’t just Manhattan: each borough saw a significant spike, with Brooklyn coming in at 43%, Staten Island coming in at 43% and the Bronx coming in at 41%. Manhattan and Queens were both at 17%.
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When is this new wave of foreclosures coming? Asked by Dodgerblu, Santa Ana, CA tue aug 11, 2009. My agent has been telling me that there is a wave of new foreclosures coming. Well its a been a while I still havent seen much.
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Foreclosure filings peaked in late 2009, began dropping in 2010, and then tapered down to 2006 levels as foreclosures were processed, and as the home price surge of Housing Bubble 2 made new defaults less likely. But the spike in October stands out as much as those in the early phases of the housing bust in 2006 and 2007.
Foreclosures suddenly spike most since the last Housing Bust. The total number of homes with foreclosure filings jumped 27% in October from September, when they’d been at the lowest level since 2006. It was the biggest jump in monthly foreclosure filings since August 2007.
Foreclosure starts spike annually in Texas, Michigan and Florida;. low going back as far as foreclosure start data is available – 2006.
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Thunderstorms likely this evening.. County foreclosures spike in first quarter. said the recent spike in foreclosures has much to do with consistently high unemployment rates and not the.