Homes.com, a real estate search site operated by Dominion Enterprises, this week launched a top-10 list of market areas with the largest growth in search activity at the site from January 2008 to January 2009.
Search traffic grew the most in Detroit (up 52 percent); followed by Naples, Fla. (44.7 percent); Greensboro, N.C. (41.6 percent); Tulsa, Okla. (41 percent); El Paso, Texas (38.4 percent); Oceanside, Calif. (37 percent); Fort Myers, Fla. (34.7 percent); Columbia, S.C. (33.9 percent); and Murrieta, Calif. (33.3 percent).
Realtor.com last month released search statistics from traffic to that site in December that showed top search activity for a variety of markets, as well as areas that saw the largest year-over-year and month-over-month increases in search data.
Foreclosure-related filings fell 10 percent from December to January, as foreclosure prevention efforts by lenders and the government appeared to be taking hold, according to national data aggregator RealtyTrac. Completed foreclosure sales were down 15 percent from the month before.
"The extensive foreclosure efforts on the part of lenders and government agencies appear to have impacted the January numbers," said James J. Saccacio, chief executive officer of RealtyTrac. Saccacio said moratoriums on foreclosure sales by Fannie Mae and Freddie Mac that were extended through the end of January -- and with Florida's voluntary 45-day freeze on foreclosure actions -- seemed to have had an effect.
Looking back one year, however, the 274,399 homes hit with some type of foreclosure filing during January -- including a default notice, auction sale notice, or bank repossession -- represented an 18 percent increase from 2008.
Nevada, California, Arizona, Florida, Oregon, Illinois, Michigan, Georgia, Idaho and Ohio are the ten states with the highest rate of foreclosure-related filings.
Monday, February 16, 2009
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