| ||Claremont |
Approx. 2148 sq. ft.
2 1/2 baths
| ||Mendocino |
Approx. 3606 sq. ft. (living area)
Approx. 962 sq. ft. (porch)
Approx. 4568 sq. ft. (total)
| ||Montebello |
Approx. 4576 sq. ft. (living area)
Approx. 962 sq. ft. (porch)
Approx. 5748 sq. ft. (total)
3 1/2 baths
| ||Napa |
Approx. 1645 sq. ft.
| ||Sausalito |
Approx. 1363 sq. ft. (includes garage)
One car garage
| ||Sutherland |
Approx. 2359 sq. ft.
One year weekly chart for FCNR.OB
Southeastern New Mexico's housing market video: http://www.truveo.com/Southeastern-New-Mexicos-housing-market-remains/id/3848708469#
The national residential real estate recovery has begun and by next June, the excess inventory of available homes should be absorbed, according to Alexis McGee, president of Foreclosures.com, a leading real estate and property information specialist.
“Recovery is underway. Affordable is back in the housing market,” says Sacramento-based McGee. “In 2009, housing will not only recover, but we’ll see buyers leap into this market in droves, depleting our housing oversupply, and actually putting higher price pressures on the market.”
Based on November’s foreclosure rates, McGee says the nation’s foreclosure hemorrhage has finally slowed and 2009 should see a significant decline in foreclosures as buyers return, pushing home prices up and fueling a real estate recovery.
New Mexico is in good shape currently McGee said as both its preforeclosure rates and repossession rates are among the lowest in the U.S. Just 1,300 homes have been lost by borrowers this year or .43 percent of total New Mexico households. In November, there were 122 homes taken by lenders in the Land of Enchantment. That was a drop from October’s 155 and considerably less than the 172 in March that represented the worst month thus far in 2008.
However, there were 522 preforeclosures in November in New Mexico that was the worst month of 2008. September’s 488 had been the worst prior to November.
The latest U.S. Foreclosure Index by Foreclosures.com shows a slight drop from 84,534 to 84,291 in the number of properties repossessed by lenders following foreclosure last month over October. These are REOs or lender-owned real estate. But that’s off nearly 21 percent from September’s 106,415 REO filings. Year-to-date, 12.6 of every 1,000 households nationwide have been lost to foreclosure.
“California is a great example of what’s happening now and what lies ahead for the housing sector. Long a leader in the subprime mortgage mess and rising numbers of foreclosures, the state’s foreclosures have slowed significantly,” says McGee.
In November, another perennial leader in foreclosures, Arizona, saw its REOs and pre-foreclosure filings drop 5.19 percent and 5 percent respectively, according to U.S. Foreclosure Index numbers. Arizona has lost the most homes in the U.S. to foreclosures on a percentage basis. Nevada ranks second and Colorado ranks seventh.
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