Archive for the 'Foreclosures' Category

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.

Residential property assessors in Jefferson County, Kentucky have reported that nearly 25% of the 260,000 homes in the area are set to have lower values this year, with part of the reason attributed to the presence of pre foreclosure homes and bank owned properties. Property valuators have revealed that housing sales reports in the area showed that around 60,000 residences have lost value by the end of 2010.

The number of foreclosed cheap homes for sale in Atlanta, Georgia rose again in 2011 as the metro area starts the year with a foreclosure rate increase. The good news is that delinquency rates are down in the metro region, based on a report issued by CoreLogic.

The supply of foreclosed tax lien properties for sale and real estate owned properties in Colorado is still high, housing analysts have stated. They claimed that aside from the already listed distressed properties, there is also a huge number of real estate owned properties or REOs that have yet to enter the market.

Sales of foreclosed single family homes and foreclosed duplex for sale outnumbered traditional residential property sales in Tampa, Florida during the first two months of 2011. Housing analysts predict that this will result in further declines in home prices, particularly since more foreclosed properties are expected to enter the market in the coming months.

Realtors in Las Vegas report that the rate of houses for sheriff sale in the area has increased over the last few months. The rise in home sales figures can be attributed to many investors wanting to take advantage of the dropping home prices.

Bank and FHA foreclosures for sale are still hurting residential prices in Portland, Oregon as 2011 starts. A report from S&P Case-Shiller showed that Portland was one of the major U.S. markets that recorded a sharp decline in housing prices in January of this year compared with December and January of last year.

If you are looking for prime deals in real estate and want to pick up a home on the cheap, all you have to do these days is take a look around. Almost everywhere you turn, prices continue to fall – especially in the big cities, where falling prices are a routine occurrence.