Home Foreclosures: Hot Trends
NEW YORK (
) -- "Home foreclosures" is a trending topic on the Internet today following the release of July's real estate data from
RealtyTrac
. The number of foreclosure filings in the U.S., which include default notices, scheduled auctions and bank repossessions, was up 4% in July to 325,229 from the previous month.
Nevada had the highest foreclosure rate with one in every 82 housing units receiving a filing. The total number of Nevada foreclosed properties was up 7% from the previous month to 13,727 while Arizona and Florida had the next highest foreclosure rates.
Five states accounted for more than 50% of national total of foreclosure filings. California is in the lead, accounting for 21% of the national total with 66,910 properties receiving a foreclosure filing. Coming in second was Florida, followed by Illinois, Michigan and Arizona.
One in every 397 housing units in the U.S. received a foreclosure filing in July.
"Mortgage rates" is a hot search topic today after the weekly survey conducted by
Freddie Mac
(FMCC)
reported the average 30-year-fixed mortgage rate dropped to 4.44% from 4.49% last week. The 15-year-fixed mortgage rate came in at 3.92% down from 3.95% a week ago.
The record-low home loan rates are still
in the housing market.
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On Wednesday the Mortgage Bankers Association said that mortgage applications for home purchases rose only 0.3% while those to refinance home loans rose 0.6%.
"Stock markets" is a trending topic on the Internet after
stocks fell in early trades today
due to lingering uncertainty about the pace of the economic recovery.
The
Dow Jones Industrial Average
lost 79 points to 10,300. The
S&P 500
fell 11 points, or 1%, to 1078 and the
Nasdaq
was down by 34 points, or 1.5%, at 2175.
Investors are wary of the latest data from the Labor Department, which showed
an unexpected rise in initial weekly jobless claims
to 482,000 from 479,000 a week earlier.
"Tablet computers" is another popular search topic on
Yahoo!
(YHOO)
this morning in anticipation of the release of
Dell's
(DELL) - Get Dell Technologies Inc. Class C Report
>>Tablets 2015: Who Will Stand With the iPad?
The black carbon tablet is powered by
Qualcomm's
(QCOM) - Get QUALCOMM Incorporated Report
Snapdragon chip technology and runs on
Google's
(GOOG) - Get Alphabet Inc. Report
Android operating system.
Consumers can pre-order today and according to Dell, the Streak will become generally available on Friday. The new tablet costs $299.99 with a two-year contract from
AT&T
and $549.99 up front.
The chatter on Main Street (a.k.a. Google) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on Google, and highlights the news that could make stocks move.
-- Reported by Theresa McCabe in Boston.
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Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.
