Thursday, April 4, 2013
Wrentham sees a drop in foreclosures, according to data released recently.
Wrentham’s foreclosure rates have decreased in February slightly in 2013 as apposed to 2012. The data, compiled by real estate information firm The Warren Group, had the town's newly started foreclosures (called foreclosure petitions) decreasing from two in February 2012 to one in February 2013. There were no foreclosure deeds (which represent completed foreclosures) in February of either year, and a decrease in deeds year to date from one to zero. The trend is reflected in the state, as foreclosure activity in Massachusetts dropped again February, thanks to improving economic conditions and a revitalized real estate market, according to the latest report from The Warren Group, publisher of Banker & Tradesman. Foreclosures in …
Tuesday, May 29, 2012
Wrentham sees new foreclosures increase, but completed foreclosures down.
Wrentham had mixed foreclosure results in the month of April, according to data released today. The data, compiled by real estate information firm The Warren Group, had the town's newly started foreclosures (called foreclosure petitions) increasing from one in April 2011 to two last month. Deeds, however, fell from three last year to two in April 2012. Massachusetts itself saw a nearly 47 percent jump in petitions year-over-year, from 1,191 to 1,750. Deeds were up 19 percent, from 598 to 714 over the same time period. Warren Group Editorial Director Cory Hopkins said in a statement that the increase isn't as troubling at it might seem. "Foreclosure activity was so low last year that we're inevitably seeing a rise in foreclosures across the…
Tuesday, May 22, 2012
Town sees increase in home sales last month.
Wrentham home sales tripled year-over-year in April, according to data released today. The data, compiled by real estate information firm The Warren Group, showed sales increasing from three in April 2011 to nine last month. Year to date sales are also up, from 17 last year to 29 in 2012. Massachusetts saw its home sales jump by 22 percent in the month, going from 2,877 sales last April to 3,505 last month. Warren Group CEO Timothy Warren said in a statement the market is looking up. "Low mortgage rates and an improving job market in the Bay State are encouraging buyers to enter the market," he said. "It looks like the months ahead will continue to be positive as the strong spring and summer market heats up." "Typically, June is the …
Thursday, April 26, 2012
Town sees increase in completed foreclosures, but decrease in new foreclosures.
The number of completed foreclosures in Wrentham was up in March, according to data released today. The data, compiled by real estate information firm The Warren Group, saw three foreclosure deeds (or completed foreclosures) in the month, up from zero in March 2011. Foreclosure petitions (which represent newly started foreclosures) fell from five to one year-over-year. The state saw a 55 percent increase in foreclosure petitions, with 1,621 in the month, up from 1,048 in March 2011. Massachusetts has had a 71.5 percent increase in petitions in the first quarter. Massachusetts foreclosure deeds also saw a jump, with 856 last month, up from 627 last year (a 36.5 percent increase). For the first quarter, the state has seen a 34.4 percent rise…
Tuesday, April 24, 2012
Town sees small drop in sales for March.
Wrentham saw its home sales dip slightly in the month of March, according to data released today. The data, released by real estate information firm The Warren Group, had seven homes being sold in March, down from eight in March 2011. In Massachusetts, home sales increased 20 percent year-over-year. The state saw 3,205 home sales in March, up from 2,688 the previous year. Group CEO Timothy Warren said in a statement that the market has shown signs of improvement. "Starting the year with a strong first quarter is a good indicator of things to come," he said. "After such a depressed year of sales in 2011, we're likely to see more positive year-over-year comparisons in months to come." "The market has a good head of steam built up right now…
Thursday, March 29, 2012
Town sees increase in number of homes sold.
The town of Wrentham saw a year-over-year increase in the number of homes sold in February, according to data released Wednesday. The data, compiled by real estate information firm The Warren Group, showed home sales increased from one in February 2011 to three last month. Year to date sales are up from six to 13. The state saw a 33 percent jump in home sales, increasing from 1,765 last year to 2,350 last month. The number, according to the group, is the highest volume in February in five years. Warren Group CEO Timothy Warren Jr. said in a statement that the numbers are indicative of a housing market recovery. "Sales volume has increased in seven of the last eight months," he said. "This rebound in the market is starting to look pretty …
Thursday, March 22, 2012
Foreclosure numbers were stable year-over-year in town.
The number of newly started and completed foreclosures were steady in Wrentham for February, according to data released Wednesday. The data, compiled by real estate information firm The Warren Group, had Wrentham's foreclosure petitions (which represent new foreclosures) at two in February, the same as February 2011's tally. Foreclosure deeds, or completed foreclosures, were at zero for both last year and last month. The state saw a doubling of foreclosure petitions year-over-year, from 694 in February 2011 to 1,394 in February 2012. Foreclosure deeds were up 41 percent, from 521 last year to 736 last month. Warren Group CEO Timothy Warren Jr. said in a statement that court and legislative activity artificially lowered last February's …
Friday, March 2, 2012
Town sees increase in newly started foreclosures.
The town of Wrentham saw a substantial increase in new foreclosures in January, according to data released Thursday. The numbers, compiled by real estate information firm The Warren Group, had foreclosure petitions, which represent newly started foreclosures, at three in January, up from zero in January 2011. Foreclosure deeds, which represent completed foreclosures, were steady at one. The state saw large increases in both petitions and deeds. Foreclosure petitions increase by more than 68 percent, from 793 in January 2011 to 1,333 in January 2012. Deeds were up from 529 to 662 over the same timeframe. Group CEO Timothy Warren said in a statement that the foreclosure numbers could be a lagging indicator. "Banks were slow to initiate …
Tuesday, February 28, 2012
Data shows year-over-year home sales increase for Wrentham.
Wrentham saw its January home sales double year-over-year, according to data released today. The data, compiled by real estate information firm The Warren Group, showed 10 home sales in Wrentham last month, up substantially from the five sold in January 2011. Massachusetts saw a three percent overall increase in sales in January, ending up with its highest January sales volume since 2007. According to the group, the state had 2,425 homes sold last month, up from 2,348 in 2011. Group CEO Timothy Warren Jr. said in a statement that the increase was positive. "After a decline in sales volume in December, it's promising to see the highest sales volume in five years in January," he said. "Given low mortgage rates and steady prices, there's hope…
Monday, February 13, 2012
Double-digit percentage drops in bankruptcies in 2011.
Both Norfolk County and Massachusetts saw double-digit percentage drops in bankruptcy filings in 2011, according to numbers released last week. The data, compiled be financial information firm The Warren Group, showed Chapter 7, or personal, bankruptcies fell 16 percent from 2010 to 2011 in both the county and the state. The county had filings fall from 1,348 to 1,134 during that time period, while state filings fell from 17,496 to 14,716. Chapter 13 bankruptcies, which are used to arrange three- or five-year debt-repayment plans, also fell substantially. The county saw a 14 percent decline (from 536 to 463), while the state had a 11 percent decrease (5,392 to 4,813). Chapter 11 filings, which is used by business bankruptcies and refilings…
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6:29 am on Wednesday, May 23, 2012
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