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REO levels to changes in home values over the same period. Special attention.. spatial distribution of REO properties across U.S. metropolitan areas. I examine the. In such metro areas, there may be both areas with little REO activity and other. Data on foreclosures and post-foreclosure properties, such as REO, are not.
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More than half of US metros post higher foreclosure activity Over a short period of a few days that began in the early morning.. nantly poor, African-American cities such as New Orleans are likely to have a high. which facilitated increased mortgage defaults in the area, as will be.. Slightly under half (47.3%) of residents in..
U.S. Foreclosure Activity Increases 15 Percent in October Driven by 17-Month High in Scheduled Foreclosure Auctions. California cities post highest metro foreclosure rates. with a population.
But these vacant and abandoned properties are more than just a symptom of. The best aggregate sources include the U.S. Census Bureau and the U.S. Postal. More than half of the census tracts with vacancy rates of 20 percent or higher. the most desirable reuse of foreclosed and vacated properties, investor activity,
The difference is even more stark in San Francisco, where the median home is worth 36.4 percent more than its pre-recession peak. Less than half, 45.7 percent, of homes in ZIP codes with high recession-era foreclosure rates have recovered their pre-recession peak value, compared to 95.6 percent of homes in low-foreclosure ZIPs – a 49.9 percentage point difference.
Over Half of America’s Metro Areas Saw Increase in Foreclosure Activity By Brendan Rimetz Foreclosure activity in the first half of 2012 increased from the previous six months in more than half of the nation’s 212 metropolitan areas with a population of 200,000 or more, RealtyTrac reported.