Tag Archives: The Warren Group

According to the Warren Group, a Boston-based provider of real estate data and research, Massachusetts foreclosure activity posted double digit decreases in both starts and completed foreclosures in January. Foreclosure petitions and deeds dropped in every county in the state. The agency says, though, that it's likely the reduction is caused by lenders slowing their processes rather than improved financial stability among homeowners.

According to the Warren Group, a Boston-based provider of real estate data, the number of completed foreclosures in Massachusetts jumped almost 32 percent in 2010 to 12,233, up from 9,269 in 2009. However, it did not surpass the record 12,430 foreclosures in 2008. The company says the one bright spot in the state's annual data is that fewer people entered the foreclosure process compared to a year earlier, despite a slumping economy and high unemployment.

According to the Boston-based research firm the Warren Group, both year-over-year foreclosure petitions and deeds decreased in November by double-digit percentages in Massachusetts for the second consecutive month. Auction announcements tracked by the company also fell in November, as overall foreclosure activity in the state reached its lowest levels in 2010. The Warren Group attributes the steep decline to delays caused by servicers' robo-signing problems and temporary foreclosure suspensions by major lenders.

The Warren Group reports that year-over-year foreclosure petitions and deeds decreased in the Bay State during October. It was the first time this year that both petitions and deeds fell in Massachusetts. Foreclosure petitions plunged nearly 51 percent from October 2009 to 1,127 last month, the first month since January they have dropped below 2,000. Home sales also fell in October, down more than 28 percent. It's the fourth straight month of year-over-year sales declines.

Single-family home sales in Connecticut fell 14.25 percent in September from a year earlier, according to a new report by the Warren Group. It's the first month since February that the number of home sales has dropped below the 2,000 mark. Condominium sales in the state also fell sharply by 23 percent to the lowest level recorded in September in more than two decades.

Foreclosures started by lenders in Massachusetts during September declined from August by 23 percent and dropped 6.7 percent from a year earlier, according to a new report by the Boston-based research firm the Warren Group. Lenders filed 2,358 petitions to foreclose in September, the first step in the foreclosure process. Meanwhile, the number of completed foreclosures increased for the ninth straight month in Massachusetts.

According to the Warren Group, a Boston-based provider of real estate data in New England, foreclosure petitions in Massachusetts reached its highest number in more than a year, jumping to 2,713 in August-a 13.23 percent increase from a year ago, according to the Boston-based research firm the Warren Group. More than 1,200 foreclosure deeds were recorded in August, an increase for the eighth straight month.

Massachusetts foreclosure deeds increased nearly 80 percent in July from the same month in 2009, according to a new study by the Boston-based research firm the Warren Group. However, foreclosure petitions, the first step in the foreclosure process in Massachusetts, decreased more than 20 percent. The Bay State is on track to outpace foreclosure activity from the past two years. Already completed foreclosures year-to-date are 60 percent above the tally during the same period of 2009.

The residential real estate market in Massachusetts seems to be on the mend. According to a recent report by the Warren Group, a provider of real estate data in New England, the Bay State saw year-over-year increases in both sales and prices of single-family homes and condos in June and in the second quarter.