Lesley's Blog

"Daily Real Estate News  |  December 19, 2007Foreclosure Rate Improves Over Prior Month
Foreclosures declined 10 percent in November compared with October, but were up nearly 68 percent compared with November 2006, according to RealtyTrac, a foreclosure sales and data company.

"This could indicate that foreclosure activity has topped out for the year, but the true test of whether this ceiling will hold will come at the beginning of next year" when a seasonal increase tends to occur and rates on more mortgages are to rise, RealtyTrac CEO James Saccacio said in a statement.". . . .

Click here for the full report.
http://www.realtor.org/RMODaily.nsf/pages/News2007121905?OpenDocument

Applications for home mortgages fell 19.5 percent to 653.8 last week compared with the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association weekly mortgage applications survey.

On an unadjusted basis, the index decreased 21.3 percent, but was up 1.7 percent compared with the same week a year ago.

 Click below for more information:

http://www.realtor.org/RMODaily.nsf/pages/News2007121906?OpenDocument