Posts Tagged ‘depreciation’Keepin’ It Real Estate: Foreclosure Wheel Keeps on TurningBy ANDREW JEFFERY This post first appeared on Minyanville. Despite herculean efforts to stop the foreclosure juggernaut, Americans are still losing their homes at near-record pace. According to RealtyTrac, a firm that sells default data, foreclosure filings rose in February to nearly 300,000, up 6% from the month before. This figure is the third highest [...] House of the Day Results: Swinging into StantonClick here for details on this House of the Day. Value: $350,000 Projection: Depreciating The subject property is located in Orange County, which is experiencing a slump in the local economy due to the collapse of the mortgage market. In addition, the subject should expect to see further declines in value because it has only [...] House of the Day Results: Stuck on StocktonClick here for details on this House of the Day Value: $120,000 Projection: Depreciating Stockton is arguably the most publicized declining real estate market in the United States. Foreclosure and REO (Real Estate Owner, or Bank Owned) activity is very high, and values have declined precipitously in the past 12 months. The subject’s neighborhood itself [...] |