Archive for the 'Foreclosures' Category

Sales of single family houses in various areas of Michigan recorded a drop during the month of March 2011 compared with year-ago levels. Despite the decline in sales, local realtors believe that the housing sector is improving slowly, but steadily. According to them, figures were relatively good, given that last year's numbers were inflated by the tax credit program.

The supply of foreclosure tax deeds for sale and other types of distressed properties did not rise in Omaha, Nebraska like in other U.S. regions, but the metro area was also affected by the housing market crisis. Recently though, local housing industry analysts stated that the market is stabilizing.

A Detroit, Michigan nonprofit organization has been renovating foreclosed sheriff auction homes in the area and selling them off to qualified buyers. The Grandmont Rosedale Development Corp. (GRDC) tries to purchase foreclosed houses before they fall into disrepair and before their former owners or trespassers strip them of important fixtures. The group is currently focused on the areas of Rosedale Park and Grandmont.

Realtors in Oklahoma have reported that the state's housing market is improving, despite the presence of lis pendens foreclosures. They revealed that home buying activities have picked up, particularly in areas surrounding Shawnee. Realtors also stated that the market is likely to improve further in the coming months.

According to recent reports, Tennessee foreclosures continue to decline in March, but the quarterly figures are still trending upward. Properties that go into bank short sale listings could also be keeping the number of foreclosures down.

The housing market still has a long way to go before it recovers, and with prices still low and inventory still high, this recovery will likely take years, not months. But, signs are promising that a recovery may be on its way – at least more than originally expected.

Buyers now have to choose between a new home and a distressed property as construction activities for new residential homes are finally underway.

The recession has sent many states and cities in the country into a downward spiral and the housing market was not spared. Thousands of residential home foreclosures flooded the market and homeowners struggled to recover financially. Recently though, signs indicate that the industry has already hit the bottom and there is no other way to go but up.

Investors and traditional buyers Find HUD Homes for Sale and other types of Residential Properties in Florida to be worth their time and money during the month of March 2011. Sales of existing dwellings went up in various markets of the state compared with one year ago.

The first quarter report for this year shows a decline in New York foreclosures but the volume of existing fixer upper homes still remain hefty. The results could be a breath of fresh air from the appalling foreclosure rates posted in 2009.

The rental housing market and even foreclosure apartment buildings for sale continue to take a huge chunk of traditional residential properties' market share. In March, a big number of regions in the U.S. posted declines in housing resales, including Austin, Texas, as the apartment sector and the rental housing industry continue to thrive.

The real estate market has received some decent news over the last few days, with everything from an increase in home loan applications to a rise in home construction. Today’s reports indicate that 30-year fixed mortgage rates are down to 4.80%, which could potentially convince buyers to continue the slow increase in home purchases across the country. However, low rates alone are not enough to spark a housing market recovery, as the rates [...]

The number of bank foreclosed properties and foreclosure FSBO has declined in San Antonio, Texas during the quarter January-March 2011. Foreclosure-related filings fell year-over-year across the whole state and the whole country, although month-over-month figures vary from one region to another. Despite the nationwide decrease, housing experts are predicting that foreclosure numbers will continue to rise for the rest of the year.

Those who were trying to find FHA homes for sale and foreclosed properties in Queens, New York discovered that levels of distressed properties in the borough were not as high in the 2011 first quarter compared with the same period of 2010. Properties entering foreclosures for the first time were down in the area by more than 60%.

Los Angeles posted the biggest number of bank and federal home foreclosures in the whole region of Los Angeles County, California during the period January-March 2011. Despite the high number, the whole state of California posted a drop in foreclosure numbers for the 2011 first quarter compared with the same 2010 three-month period.