Real Estate: August 2009

About Me

Location: Boston, Massachusetts, United States

I'm a mother of two grown sons, my husband and I are empty-nesters at this point. Both of my sons have graduated from College. One is a graphic designer and the other is a senior credit analyst. My oldest is married and has a son (grandmother-yippee!) and owns his own home. My other son has a condo and getting married! There is something to say about all that. I am very proud of them and feel I accomplished a great task in my life. I've always work hard at everything I do and feel that is the only way I get things done to get what I want. I guess that's the way it was meant to be for me anyway. I truly believe things happen for a reason and if you want something you have to take chances to get it.

Tuesday, August 25, 2009

336,173 Foreclosure Filings in the Country Reported in June 2009

A total of 336,173 foreclosure filings — default notices, auction sale notices and bank repossessions — were reported in June 2009, a 5 percent increase from the previous month and a 33 percent increase from June of 2008, according to RealtyTrac’s U.S. Foreclosure Market Report.

Foreclosure filings were reported on 336,173 U.S. properties in June, the fourth straight monthly total exceeding 300,000 and helping to boost the second quarter total to the highest quarterly total since RealtyTrac began issuing its report in the first quarter of 2005. Foreclosure filings were reported on 889,829 U.S. properties in the second quarter, an increase of nearly 11 percent

Some of the key findings include:

• A total of 101,045 California properties received a foreclosure filing in June 2009

• Florida documented 52,899 properties received a foreclosure filing in June 2009.

• Arizona’s 16,834 properties received a foreclosure filing in June 2009.

For a complete Rate Rank by State for June 2009 logon to: http://www.realtytrac.com/news/Press/newsletter-articles.asp?a=b&ItemId=6959&accnt=216672

Thursday, August 13, 2009

5 Best and Worst Housing Markets

Best Housing Markets:

1. New York

2. Washington, D.C.

3. Charlotte, N.C.

4. Portland, Ore.

5. San Diego

Worst Housing markets:

1. Las Vegas

2. Phoenix

3. Detroit

4. Minneapolis

5. San Francisco

Click here to see Forbes.com's full slide show of the 10 best and 10 worst U.S. housing markets.

By Matt Woolsey, Forbes.com