If you have been keeping track of the foreclosure situation ever since it started, you are probably aware of the challenges facing the housing industry. Although there are times, like last April, when decline in foreclosure activities are recorded and could signify a recovering market, things remain
Continue Reading: Foreclosure Buyers: Last Man Standing
Supplies of bank foreclosed houses and foreclosure tax deed sales remain elevated in Florida, pushing residential prices even lower in most local markets. In the rental housing market, however, the opposite is happening as renters struggle to cope with rising rental fees. According to industry analysts, low and mid-income households are the ones suffering the most from the increasing rental
Continue Reading: Prices at Tax Deed Sales Continue to Decline, While Rental Fees Surge
The houses that were sold by real estate broker groups in Louisville, Kentucky during the month of March 2011 were unloaded for much less compared with the same 2010 period. Residential prices dropped in the area by nearly 6% from last year, while February figures also posted a year-over-year decrease which was more than 3%.
Continue Reading: Real Estate Broker Sales Showed Impact of Foreclosures on Prices
The rise in the number of bank and FHA loan foreclosures seemed to have eroded some homebuilders' confidence on single family homes and regular houses. Housing data in California showed that a big number of building plans in areas like San Diego County are focused on rental properties, apartments and condominiums.
Continue Reading: Bank and FHA Loan Foreclosures Shifted Builders’ Focus
Sales of bank and HUD foreclosure homes and other types of residential properties went up in Ohio in March 2011 compared with the previous month. However, sales were still down when compared with a year ago, with most realtors attributing the decline partly to the extreme cold weather during the month.
Continue Reading: Sales of HUD Foreclosure Properties and Other Residences Up in Ohio
The high number of foreclosed fixer upper homes and distressed dwellings in St. Louis, Missouri has been cited as the primary reason for the downturn in the area's homebuilding industry. With a lot of cheap homes to compete with, new homes stand very little chance of improving their market share. Housing data for March 2011 showed that the new home market is still struggling.
Continue Reading: Foreclosed Fixer Upper and Distressed Homes Hinder Homebuilding
Sales of residential properties, including single family homes, duplex real estate foreclosure and non-distressed houses, inched up in Charlotte, North Carolina in March 2011 compared with February of this year. However, when compared with March 2010, sales have remained flat. Housing prices also posted a drop when compared with one year ago.
Continue Reading: Regular Home and Duplex Real Estate Foreclosure Sales Up in Charlotte
The Miami Metropolitan Statistical Area (MSA) reports that closed deals for condominiums for sale have grew to a whopping 85 percent from March this year and 80 percent from February 2010.
Continue Reading: Condominiums For Sale In Miami Gain Buyers’ Interest
According to a report released by the Austin Board of Realtors, the demand for bank foreclosures for sale may be constricting particularly for single family units. Data show that home sales for the latter declined by 10 percent in March from its sales postings in the same month last year.
Continue Reading: Demand For Bank Foreclosures For Sale Slows Down
Sales of regular houses, single family modular homes and other types of residential properties went down in Denver, Colorado in March 2011. According to market analysts, trends in the metro area's housing industry have remained down; causing worries across the sector that recovery will take a long time to occur.
Continue Reading: Sales of Regular Houses and Single Family Modular Homes Still Down
Not a lot of homeowners in Michigan were able to secure loan modification in March 2011 as foreclosure filings rose again in the state when compared with the previous month. The increase followed two consecutive months of decline which was partly attributed to the robo-signing controversy that emerged in the fourth quarter of last year.
Continue Reading: Few Michigan Borrowers Got Loan Modification, Foreclosures Up Again
Sales of existing dwellings, including bank and VA foreclosed homes, went up in Philadelphia, Pennsylvania in March 2011 compared with the previous month. However, sales were down when compared with one year ago. According to local realtors, investors accounted for a large percentage of sales transactions during the period.
Continue Reading: Bank and VA Foreclosed Homes Recorded Higher Sales in Philadelphia
The percentage of residential sales accounted for by distressed properties and foreclosure tax lien sales in California during the period March 2011 remained the same as one year ago. However, when compared with the previous month, distressed property sales posted a decline. Analysts stated that this shows that the state is still dealing with an oversupply of foreclosed and distressed properties.
Continue Reading: Distressed and Foreclosure Tax Lien Sales Same As Last Year
Foreclosure real estate investments will continue to account for a huge percentage of residential sales transactions in Las Vegas, Nevada, housing industry analysts have predicted. They also stated that it will take between three and four years before the metro area's housing market recovers as around 65,000 homes remain vacant in the area and the new home market remains at an almost standstill.
Continue Reading: Foreclosure Real Estate Investments Still High in Las Vegas
A lot of traditional homebuyers and investors planning to buy cheap houses went to California during the month of March 2011 as housing sales increased in certain markets of the state year-over-year. According to housing market reports, a big percentage of residential sales during the period were accounted for by distressed houses.
Continue Reading: Investors Who Buy Cheap Houses Went Shopping in California in March
The foreclosure real estate crisis that led to hundreds of thousands of distressed properties all around the U.S. has turned a lot of people off home buying. However, it also led to higher interest in multifamily properties among real estate investors. According to housing industry analysts, the popularity of rental homes has convinced investors that multifamily properties are the best options right now.
Continue Reading: Housing Crisis Led to Interest in Multifamily Foreclosure Real Estate
Buyers of foreclosure tax lien homes and other types of real estate in Oklahoma have welcomed the news that a law has been passed in the state allowing the use of digital signatures in real property contracts. According to analysts, the passage of the measure will make home buying much easier in the region.
Continue Reading: Buying Foreclosure Tax Lien Homes and Regular Houses Went Digital
The number of foreclosed properties offered at real estate auction in Massachusetts is expected to decline in the coming months as foreclosure activities dipped in the state during the month of February 2011. Housing reports showed that foreclosure petitions and deed filings fell in February of this year compared with the same period of 2010.
Continue Reading: Number of Properties Facing Foreclosure Real Estate Auction Declines
Housing industry analysts have reported that judicial foreclosure sales and short sales in Chicago, Illinois are hurting the region's housing prices. They claimed that if these transactions are not included, the prices of homes in the area will actually show stability. However, some have argued that distressed property sales should be included if the true condition of the residential market is to be gauged.
Continue Reading: Judicial Foreclosure Transactions Hammering Chicago Housing Prices
Although Phoenix, Arizona has some of the highest numbers of bank and government foreclosures in the whole U.S., the metro area's median residential prices still managed to show an improvement last year as the region recorded the only double-digit price jump among all communities in the Valley in 2010.
Continue Reading: Phoenix Prices Held Steady Amid Bank and Government Foreclosures
