Residential and commercial foreclosures markets in Nebraska metro areas are expected to benefit from the latest census report, which showed that the state's metro regions gained more people in the last decade. However, the 2010 report also showed that populations in rural areas continued to drop well into the latter half of the 2000s.
Continue Reading: Commercial Foreclosures Looking Good As Metro Populations Climb
Even cheap houses have become difficult to sell as majority of Americans stay away from homeownership and more people lose their jobs. In Kentucky however, realtors are looking forward to a livelier home buying market in the coming months as employment conditions showed some improvements last year.
Continue Reading: More Potential Buyers of Cheap Houses As Employment Improves
The number of foreclosed houses and bankruptcy homes sold last year in Georgia accounted for a huge percentage of total housing unit sales. The figure did record a decline when compared with 2009 levels, but the state remained in the top 10 ranking of U.S. regions with the highest percentage of distressed property sales in 2010.
Continue Reading: Bankruptcy Homes and Foreclosure Sales Declined in Georgia in 2010
Sellers of for sale by owner properties might find it harder to unload their houses as a big number of potential homebuyers in Denver, Colorado chose to rent properties instead. Vacancy rates among rental houses and condominium units declined in the fourth quarter of last year in the metro area.
Continue Reading: Properties for Sale by Owner Get Tough Competition from Rentals
Last year, the number of homes in foreclosure process in Oregon sold as foreclosures sales declined by 9.64 percent as compared to 2009 levels. But side by side with 2008 figures, it was 71.7 percent more.
Continue Reading: Sales of Homes in Foreclosure Process Slowed Down in 2010
Sales of residential properties in New York City, both non-foreclosed and houses offered at foreclosure home auction, recorded a drop during the fourth quarter of 2010. According to housing market analysts, the figures showed that the metro area's home industry is still under distress, particularly among outer borough markets.
Continue Reading: Foreclosure Home Auction Sales Remain Low in New York City
Realtors are expecting a healthier market for new homes in Boston, Massachusetts, this year despite the continuous rise in the number of bank and FHA foreclosures. According to them, several signs have given them hope that the residential property market is in for a better time in 2011.
Continue Reading: New Homes Expected to Battle FHA Foreclosures for Buyers’ Attention
Prices of condos for sale in Chicago, Illinois, have gone down considerably in the past year; for buyers, the deals on offer have never been better. However, despite a big number of willing buyers, a lot of these properties have remained unsold because lenders are refusing to provide financing.
Continue Reading: Lenders Scrutinize Condos for Sale in Chicago Before Approving Loans
For the state of Arizona, the continued bank foreclosures filing is one of the reasons why it is still unable to enjoy lasting recovery from the after effects of the recession. Aside from the housing crisis, which is further made worse by the declining home prices and lagging construction, there is also the problem involving the state’s revenue and budget need to ensure the state’s survival.
Continue Reading: Arizona Recovery Hindered By Rising Bank Foreclosures
In an effort to minimize the impact of distressed properties and to stop foreclosures from further escalating, some areas of Wisconsin are formulating neighborhood revitalization programs. In Milwaukee, local officials have formulated plans to revitalize a commercial district and also help homeowners living in neighborhoods hit by foreclosed residential properties.
Continue Reading: Revitalization of Neighborhoods to Stop Foreclosures in Wisconsin
Residential foreclosures continue to account for a huge percentage of housing unit sales in Indianapolis, Indiana, last year. Home sales figures from the U.S. Federal Housing Finance Agency (FHFA) saw a year-over-year increase in prices nationwide for the second time in five years. However, Indianapolis posted a decline in 2010.
Continue Reading: Residential Foreclosures Pulled Home Prices Down in Indianapolis
The processing of foreclosures, including foreclosed single family homes, was widely questioned in the U.S., following the robo-signing controversy. Last December, the New Jersey Supreme Court has ordered six lenders to appear in court and provide evidence that will allow them to continue their foreclosure operations.
Continue Reading: Lenders of Foreclosed Single Family Homes Questioned
Homeowners in South Carolina facing risks of losing their properties to bank foreclosures and foreclosure tax deeds properties can get assistance from the Homeownership and Employment Lending Program. The initiative was recently expanded to provide more coverage to troubled homeowners.
Continue Reading: Program Targeting Foreclosed Bank and Tax Deeds Properties Expanded
The number of foreclosed properties, including VA homes, remained elevated in Alabama last year. Some local areas of the state performed worse than others in 2010, with several factors contributing to the poor performance of these areas' housing markets.
Continue Reading: Foreclosed Bank and VA Homes Continue to Trouble Alabama
Real estate brokers are set to handle less number of foreclosed properties in the coming month of March if the number of foreclosures posted for auction is to be used as gauge. In Denver-Fort Worth, Texas, foreclosed properties posted for the March 2011 auction has declined compared with the same 2010 month.
Continue Reading: Real Estate Brokers Have Fewer Foreclosures to Sell in March
The number of lis pendens foreclosure filings issued in Utah last month remained higher than the U.S. nationwide average. Foreclosure statistics for January 2011 showed contrasting numbers, with month-over-month figures showing an increase, while yearly comparisons produced a decline.
Continue Reading: Lis Pendens Foreclosures in Utah Top National Average
The high number of foreclosed properties, including HUD foreclosures, has contributed to the decline of the new home market in several areas of Pennsylvania last year, according to housing industry observers. The slowdown in housing starts also resulted in the poor performance of related industries, such as furniture, lumber, and household appliances.
Continue Reading: Bank and HUD Foreclosures Contribute to New Home Market Decline
A considerable number of cheap foreclosed homes, including fixer uppers, are available in Colorado. However, not a lot of families are willing or have the means to purchase them, with majority of state residents preferring to rent homes instead of buy them. Renting homes though, has also become a challenge for most of the state's residents.
Continue Reading: Affordable Fixer Uppers Fail to Meet Demand
Last week, the Ohio Supreme Court released a report which showed that the number of single family and duplex foreclosures filings in 2010 was 4 percent lower than 2009 levels. Most of the decline was experienced in northeastern Ohio. There were only 85,483 filings recorded for the entire year statewide.
Continue Reading: Experts Skeptical About Decline in Single Family and Duplex Foreclosures Filings
The path traversed by lis pendens foreclosure figures in Saint Louis, Missouri, is showing the same road that the national housing market is traveling. In the past few months, foreclosures are increasingly being caused by unemployment rather than bad loans. Areas of the metro region that used to be immune from the foreclosure crisis are starting to record higher distressed property numbers.
Continue Reading: Lis Pendens Foreclosure Status in Saint Louis Mirrors National Trend
