U.S. Foreclosures Down to Lowest Levels Since 2008

ATTOM Data Solutions | April 11, 2019

According to ATTOM Data Solutions newly released Q1 2019 U.S. Foreclosure Market Report, a total of 161,875 U.S. properties with a foreclosure filing during the first quarter of 2019, down 23 percent from the previous quarter and down 15 percent from a year ago to the lowest level since Q1 2008.
The report also shows a total of 58,550 U.S. properties with foreclosure filings in March 2019, up 7 percent from the previous month but down 21 percent from a year ago -- the ninth consecutive month with a year-over-year decrease in U.S. foreclosure activity.

Spotlight

The Realty Executives brand has stood for integrity and quality for more than 50 years. As the tides change in many U.S. markets and throughout the world, the next generation of home buyers and sellers can expect the same level of expertise Realty Executives has long been known for, with top producing agents providing the best in cutting-edge, quality service and support to their clients.

Spotlight

The Realty Executives brand has stood for integrity and quality for more than 50 years. As the tides change in many U.S. markets and throughout the world, the next generation of home buyers and sellers can expect the same level of expertise Realty Executives has long been known for, with top producing agents providing the best in cutting-edge, quality service and support to their clients.

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Intero Agents Named to NAHREP’s List of Top 250 Latino Agents For 2022

Intero | June 21, 2022

Intero, a Berkshire Hathaway affiliate and wholly owned subsidiary of HomeServices of America, Inc., is pleased to announce eleven agents have been named in the annual Top 250 Latino Agents Report by the National Association of Hispanic Real Estate Professionals (NAHREP). The Top 250 Latino Agents Report recognizes outstanding Latino real estate agents and teams from around the country. This year’s report includes rankings of the top 250 agents and teams by volume, and the top agents and teams in their respective regions, representing more than $13.8 billion in combined sales volume in 2021. We are proud of Ricardo Artega, Juan Barragan, Erika Carrasco, Hugo de Hoyos, Todd Fernandes, Joseph Gonzales, Rebecca Johnson, Teresa Navarro, Julio Orozco, Carlos Padilla, and Denise Villeneuve. Every one of our agents brings a unique story of personal determination and commitment, exemplifying true professionalism in making homeownership a reality for others and carrying out NAHREP’s mission.” Brian Crane, CEO of Intero Established in 2002, Intero is deeply rooted in the Bay Area’s diverse culture and social change. “I consider it an honor and privilege to be a part of my client's homeownership journey here in the Bay Area,” said Carlos Padilla, Intero Los Altos Agent and Member of Intero’s Hall of Fame. “And I’m proud to be their trusted advisor along the way—not only at the time of purchase, but also beyond.” In its eleventh year of publication, the report recognizes agents whose hard work and dedication have led them to close an outstanding number of transactions to increase the rate of sustainable Hispanic homeownership in communities across the country. The listing of the Top 250 Latino Agents in America is compiled through broker affirmed self-nomination and recognizes the nation’s most successful agents and brokers for their residential real estate transactions. AboutIntero Intero, a Berkshire Hathaway affiliate and wholly owned subsidiary of HomeServices of America Inc., serves Northern California and Nevada with 23 offices throughout the greater Silicon Valley, San Francisco, Calaveras County, Western Nevada, and the Greater Lake Tahoe Region. The Intero Franchise network comprises 35 affiliates located in California, Nevada, Tennessee, and Texas. The company is headquartered in the heart of California’s Silicon Valley.

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REAL ESTATE TECHNOLOGY

$1.6B Industrial Recapitalization of Blackstone Real Estate Income Trust and LBA Logistics Announce

businesswire | January 22, 2021

Blackstone Real Estate Income Trust, Inc. ("BREIT") and LBA Logistics ("LBA") today declared the recapitalization of two mechanical portfolios possessed by LBA involving $1.6 billion of gross worth. BREIT gained a roughly 60% consolidated revenue across the two portfolios, and LBA's venture asset and its financial specialists held the equilibrium. The portfolios involve 71 top notch resources adding up to 9.5 million square feet and are around 95% involved. The resources are found dominatingly in last mile areas in West Coast markets with by far most in California and Seattle, which are two of the best performing mechanical business sectors in the country. After shutting this exchange, over 90% of BREIT's land speculations will be in multifamily, modern, and net rented resources, with mechanical speaking to over 35% of BREIT's portfolio. Eastdil Secured filled in as a guide to LBA Logistics. Blackstone Real Estate Income Trust Blackstone Real Estate Income Trust, Inc. (BREIT) is an unending life, institutional quality land venture stage that carries private land to pay centered financial specialists. BREIT puts resources into settled, pay producing U.S. business land across key property types and less significantly in land obligation speculations. BREIT is remotely overseen by an auxiliary of Blackstone (NYSE: BX), a worldwide pioneer in land contributing. Blackstone's land business was established in 1991 and has around $174 billion in financial specialist capital under administration. About LBA Logistics LBA Logistics (LBA) is a full-service real estate investment and management company with a diverse portfolio of industrial properties in major markets throughout the United States. LBA Logistics’ portfolio currently totals over 60 million square feet and consists of state-of-the-art, high-bay distribution space, light manufacturing and multi-tenant business parks. LBA owns assets in major port and airport adjacent locations including South and Northern California, Seattle, Dallas, Chicago, Atlanta, New York/New Jersey, and Florida as well as regional inland hubs and infill last-mile delivery locations. In addition, LBA Realty owns and operates a portfolio of office and mixed-use properties throughout the Western United States.

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REAL ESTATE INVESTMENT

Vesta Capital LLC Acquires Four Oklahoma Properties in December 2021

Vesta Capital LLC | December 30, 2021

Vesta Capital LLC, one of the nation's fastest growing multifamily operators, has acquired four Oklahoma apartment communities this month. The transactions are the result of a successful year for Vesta after powering through the pandemic crisis. Vesta Capital LLC purchased Riverpark at Kensington (Tulsa), Drexel Flats (Oklahoma City), The Ridge (Midwest City), and The Lofts at North Penn (Edmond). The total purchase price was $100.4M for the 1,270 units combined. Vesta Capital LLC continues to grow despite the Coronavirus crisis. The company has confidence in the lasting strength of the apartment industry. Historically multi-family, particularly in markets like Oklahoma City & Tulsa have performed well even during recessions. In our mind, there will always be a need for people to provide quality housing and we are honored to help meet that need." Marc Kulick, Founder and Managing Member of Vesta Capital and Vesta Realty. In 2021 Vesta acquired over 3,600 units resulting in 74% growth to the business. This momentum is on track to carry over into the new year as the company is already under contract to close on three multi-family communities in the first quarter. About Vesta Capital LLC Vesta Capital is a privately held real estate investment firm that focuses on the acquisition and management of multifamily properties in Oklahoma and Arkansas. We purchase properties that pass our strict underwriting standards and that are positioned to perform well in a variety of market conditions. Vesta Capital LLC was founded in 2017 by Marc Kulick and has grown to operate over 8,500 units. Vesta Capital LLC is open to new investors.

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