RealtyTrac Releases Foreclosure Widget

""RealtyTrac"":http://www.realtytrac.com, a national online marketplace for foreclosure properties based in Irvine, California, and ""Caspio, Inc."":http://www.caspio.com, a provider of a Web-based point-and-click platform for creating Web applications, today announced the launch of a new foreclosure Web application that features historical foreclosure activity data by state or by county and a real-time nationwide search of properties in foreclosure.
The Web application is free for instant deployment to Caspio's hundreds of online media clients. The search widget allows users to view historical foreclosure statistics for a state or county in a specific month or in all months in a given year going back to 2005.
Each month’s statistics will include the total number of properties that received foreclosure filings during the month, broken down by type of foreclosure filing, along with the foreclosure rate and comparison to the previous month and a year ago. Users can also enter any ZIP code nationwide to instantly view active foreclosure properties in that ZIP code from RealtyTrac’s database of default, auction, and bank-owned real estate.
Ari Monkarsh, VP of business development at RealtyTrac, said, ""Thanks to Caspio’s extensive network of clients, particularly in the online news media arena, this new Web application will significantly and instantly broaden the footprint of our foreclosure trend data. Especially in this market, we believe more and more real estate consumers realize the importance of the previously hidden foreclosure market and are interested in historical foreclosure trends as well as active foreclosure properties in their community.""
With real estate in a downturn in most markets nationwide, the foreclosure marketplace is one of the few growing areas in real estate. According to the RealtyTrac U.S. Foreclosure Market Report, more than 2.3 million properties received at least one foreclosure notice in 2008, up 81 percent from 2007, and foreclosure activity is expected to increase into 2009.
The free foreclosure widget is made available through Caspio's data syndication services. According to Caspio, its plug-and-play applications and data syndication widgets provide the ""easiest and most affordable way for online news media to add hyper-local capabilities to their Website, while offering highly relevant information to local and regional audiences."" Caspio said it currently powers web applications for more than 70 percent of the top 100 American newspapers.
David A. Milliron, VP of ""Media Services"":http://www.caspio.com/media at Caspio, added, ""Data syndication is a powerful capability of Caspio’s on-demand web application platform. This partnership enables RealtyTrac to leverage Caspio’s large base of online media customers and data syndication channels to distribute its foreclosure data to millions of people.""