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RealtyTrac is a real estate information company and an online marketplace for foreclosed and defaulted properties in the United States. It was founded in 1993 and is based in Santa Barbara, California. It publishes a monthly U.S. Foreclosure Market Report. [1] [2] [3]
In 2011, the company completed an asset swap with DDR Corp. in which the company sold Polaris Towne Center and purchased Town Center Plaza for $139 million. [9] [10] In 2013, the company acquired University Park Village in Fort Worth, Texas for $105 million. [11] The company also acquired Blackstone's 60% interest in WestShore Plaza. [12]
Sales prices of homes sold 2002–2010. The White House Council of Economic Advisers lowered its forecast for U.S. economic growth in 2008 from 3.1 per cent to 2.7 per cent and forecast higher unemployment, reflecting the turmoil in the credit and residential real-estate markets. The Bush administration economic advisers also revised their ...
The Iconic “Home Alone” House Has Officially Sold Over Asking for $5.5 Million — See Inside! The famous Illinois home featured in the 1990 Christmas classic first hit the market for $5.25 ...
Improvements in the area led to a real estate bubble. Between 2005 and 2006, 68 percent of all loans made in the Slavic Village area were predatory . [ 112 ] The widespread predatory lending and sweeping extent of foreclosures in Slavic Village led the mass media to declare the area the "epicenter of the Great Recession". [ 86 ]
In many regions a real estate bubble, it was the impetus for the subprime mortgage crisis. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2011. [3] On December 30, 2008, the Case–Shiller home price index reported the largest price drop in its history. [4]
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