DataQuick, a San Diego-based independent provider of real estate information, analysis, and solutions, recently launched a new Web site, Dataquick.com. According to a statement from the company, the site will "better reflect the company's strengths, growing product lines, and presence online."
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The number of California homes going into foreclosure dropped during the fourth quarter of 2010 to its lowest level in more than three years. According to San Diego-based DataQuick, 69,799 Notices of Default (NoDs) were recorded in the state during the three-month period, down 16.2 percent from the prior quarter and down 17.5 percent from a year earlier. California's priciest ZIP codes saw mortgage defaults rise slightly quarter-to-quarter, but defaults still remain much higher in lower-cost areas.
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California continued to feel the housing slump in November with a 12.4 percent decrease in sales from last year, according to statistics from MDA DataQuick. An estimated 31,403 new and resale houses and condos were sold statewide last month -- down 3.9 percent from October. The median price paid for a home in California during the month of November was $255,000. Foreclosure sales made up 37.8 percent of the existing homes sold last month.
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MDA DataQuick, one of the nation's largest independent providers of property data to real estate and mortgage professionals, recently updated PropertyFinder 2G, the company's property research tool. Changes include expanded property details on distressed sales transactions and more accurate tracking. The technology gives users access to a nationwide database of detailed property and ownership information, including property profiles, sales comparables, demographic information, and property history.
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The Las Vegas region experienced a dip in home sales and median sale price in October, according to new figures from MDA DataQuick. A total of 3,961 new and resale houses and condos sold in the Las Vegas-Paradise metro area in October, down 7.4 percent from September and down 21.8 percent from a year earlier. The overall median sale price for all new and resale houses and condos sold in the region dropped nearly 4 percent from a year ago to its lowest level in more than a decade.
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According to MDA DataQuick, which tracks real estate trends nationally via public property records, Phoenix-area home sales dropped to their lowest level for an October in 15 years. The decline is attributed to low new-home transactions, the slow economic recovery, and the market lull created by the homebuyer tax credits. A total of 6,903 new and resale houses and condos sold during October in the combined Maricopa-Pinal counties metropolitan area, down 6.2 percent from the month before and down 24.6 percent from a year earlier.
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Private investment firm TPG Capital has acquired MDA Lending Solutions. The acquisition is part of a larger sale of MacDonald Dettwiler and Associates' property information business that netted MDA approximately $850 million. As part of the acquisition, TPG also obtains MDA DataQuick, MDA MindBox, and Marshall & Swift, a building cost data provider.
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Foreclosure proceedings commenced by lenders between July and September in California jumped on a quarterly basis for the first time since early 2009, but the number of homeowners who moved all the way to foreclosure fell from the prior quarter and a year ago.
According to MDA DataQuick, some 83,261 notices of default were posted at county recorder offices in Q3, as the movement of mortgage defaults from lower-cost submarkets into pricier enclaves retreated somewhat. The number of homes foreclosed on totaled 45,377.
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August home sales in California were down 2.7 percent from July and 14 percent from a year ago, according to MDA DataQuick. Of the existing homes sold during the month, 35.9 percent had been foreclosed on during the previous year. Signs of market difficulties continue to point in different directions. Although not posting at their recent highs, foreclosure stats for the state are still elevated by historical standards, however, down payment amounts are stable and cash and non-owner-occupied buying is on the rise.
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July home sales in the state of California were down 19.9 percent from June and 21.9 percent from a year ago, MDA DataQuick reports.
In the Bay Area, home sales for that month dropped sharply to their lowest level in 15 years, down 22.8 percent from July 2009. Southern California was also pummeled with its biggest year-over-year drop in more than two years, down 21.4 percent from 2009.
On the positive end, the median price paid for a home last month in California was up 7.2 percent compared to a year ago.
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