Foreclosure

When the foreclosure crisis hit, it basically trampled on everything, from home prices to the stock market. Just like a hurricane, it left in its wake unforeseen damages — an economy on the verge of the worst recession in history, a housing market clogged with abandoned homes and declining home

Continue Reading: Federal Government to Rent Out Foreclosures

Inventory of foreclosures for sale continues to grow as the federal government tries to help homeowners avoid foreclosure. Numerous federal and state programs have been launched to provide genuine foreclosure assistance to distressed homeowners. Finally, the feds have discovered that the solution to effectively alleviating the housing problem is to go to the source of the problem and stop bickering on what or who caused the mess in the first [...]

Continue Reading: The Many Faces of Foreclosure Assistance

Cook County, Illinois, just like most areas of the U.S., is suffering from huge supplies of single family and multi family foreclosures. In an effort to help alleviate this problem, the county implemented a mediation initiative last year. Although foreclosed property numbers are still high, a number of homeowners have already benefitted from the

Continue Reading: Mediation Helping Control Single and Multi Family Foreclosures

The huge supply of cheap bank foreclosed dwellings and HUD homes in most areas of Georgia continue to hinder the growth of the new home market as homebuilders are forced to scale back construction activities. In certain areas of the state, home construction remained slow, although housing starts did not post major decreases but remained flat during April.

Continue Reading: Bank Foreclosed and HUD Homes Continue to Hammer New Home Market

New York's list of repossessed houses and foreclosed dwellings is still considerable, but it did not stop residential prices in the area from rising during the first quarter of the current year. However, housing sales did fall during the quarter compared with a year ago, but realtors asserted that last year's figures were influenced by the tax credit program of the U.S. federal government.

Continue Reading: List of Repossessed Houses and Foreclosures Failed to Hold Down Prices

Household relocation has increased in the past few years as housing markets in various areas of the U.S. took a beating from the foreclosure crisis. Some have lost their homes to foreclosure, while others have decided to move to look for jobs and better places to make a home. With its housing prices remaining relatively stable, Texas has become one of the most favored destinations for these relocating Americans.

Continue Reading: Texas Is Still One of the Best Places for Household Relocation

Condominiums in New Jersey seemed to be holding their own against other commercial properties for sale in the area. Local realtors reported that buyer interest in condo units have escalated in several counties, with inventories also showing a decline. The time that condos stay in the market before getting sold has also narrowed.

Continue Reading: Inventory of Condo Commercial Properties for Sale Shrinking in NJ