Archive for the 'cities' Category

The pace of Los Angeles foreclosures has been slowing down, but strategic defaults and adjustable-rate mortgage loans are expected to continue pushing a large number of homeowners into foreclosure.

The continued fall in house prices is driving more Tampa foreclosure homes. Despite a slight slowdown in the decline, house prices still fell year-over-year by 6 percent in February. In January, prices declined year-over-year by 8.5 percent.

Home prices improved in February as sales of Los Angeles foreclosure homes slowed, based on sales figures from a San Diego research firm.

More Miami foreclosure homes mean more loads of work for the courts, but for real estate investors, these foreclosures are gold mines to be explored.

Prospective participants in foreclosed homes sale in Indianapolis do not only discover affordable properties; they also discover various programs that support the citations received by Indianapolis as among the best housing markets in the country.

Atlanta foreclosure homes surged again to a record high in March due to continued economic hardship, based on reports from a Georgia-based research firm.

Chicago foreclosure homes are being curbed by a partnership among a nonprofit, a group of title attorneys and the city of Chicago.

Albuquerque foreclosure homes pushed down house prices and drove more sales in February, based on data from the Greater Albuquerque Association of Realtors.

Seattle foreclosure homes have been pushing down condo prices in the area, particularly condo units in the high-end sector.

Detroit foreclosure homes are still surging and are still causing a lot of concern despite improvements in the sales and prices of starter homes and in the increase of building permits in February.

The sharp surge in Mesa foreclosure homes was largely caused by the record numbers of adjustable rate mortgage loans taken by residents in the area and the sharp home price declines.

Fort Lauderdale foreclosure homes continue to cut down home prices and push more sales in the area in 2010, based on reports from research firms.

Sacramento foreclosure homes are still surging, but prices are rising, based on reports from the Sacramento Association of Realtors, the California Association of Realtors and research firms.

San Francisco foreclosure homes have been driving house sales in the area, but the sale prices are still relatively high and a huge percentage of homes in the area are still not affordable to median-earning families, according to the Urban Land Institute Terwillger Center for Workforce Housing, the Rosen Consulting Group and the San Francisco Association of Realtors.

Tucson foreclosure homes continued to soar in 2009, contributing significantly to the increased pace of Arizona foreclosures during the same year.