Foreclosures Fall-For Now

Foreclosures fall — for now According to RealtyTrac, foreclosure filings fell by 8% in November, making it the fourth consecutive month of improvement in the housing market. There were 306,627 filings last month, a decline that follows a 3% drop in October, 4% in September and 1% in August. “Loan modifications and other foreclosure prevention… Read More

U.S. housing values decline by trillions since the 2006 peak (Detroit Free Press)

U.S. homeowners have lost about $5.9 trillion in value since the housing market’s peak in March 2006 as mounting foreclosures and the recession weighed on prices, according to Zillow.com.

Report: STL home values dip 4.3 percent (St. Louis Post-Dispatch)

The average home in the St. Louis region has lost 4.3 percent of its value in the last year, according to estimates out today by real estate tracking firm Zillow.

U.S. Homeowners Lost $5.9 Trillion Since 2006 Peak (Update1) (Bloomberg)

Almost half a trillion dollars was wiped out this year through November as housing headed for a third straight annual decline. New foreclosures and higher mortgage rates in 2010 may hinder a rebound, the property data service said today in a statement.

South Florida fourth nationally in lost home values (SouthFlorida.com)

Homes in the South Florida metro area lost $45.9 billion in value during the first 11 months of 2009, down from $137.2 billion a year ago, Zillow.com says.