From the category archives:
Sellers of residential properties, including those with properties in residential foreclosure listings, have welcomed the increase in the number of senior residents moving into Minnesota. Although most of the areas of the state have lost population between 2000 and 2010, the latest U.S. Census report showed that some have experienced gains, particularly when it comes to older residents.
Continue Reading: Residential Foreclosure Listings Benefitting from Older Residents
Those who knew how to buy foreclosures benefitted from their knowledge during a recent foreclosure auction held at the Bexar County Courthouse in Texas. The event saw hundreds of home hunters looking for bargain deals and cash-laden investors who took advantage of the distressed and foreclosed houses offered during the auction.
Continue Reading: Texas Home Hunters Found Out How to Buy Foreclosures
Owners of single family homes and other residential properties who are facing potential foreclosures in Kansas City, Missouri and who have loans owned by Marshall & Ilsley Corp. heaved a sigh of relief following news that the bank is extending its moratorium on foreclosures in the area. The moratorium was initially put in place in December 18, 2008.
Continue Reading: Moratorium on Foreclosure Single Family Homes Ongoing in Kansas City
Prices of houses in New Mexico have remained low, with market analysts attributing the price depression to bank foreclosures and Fannie Mae foreclosure listings. Meanwhile, mortgage rates in the region have also gone up in the last week of March 2011, which could possibly hinder residential sales in the state.
Continue Reading: Fannie Mae Foreclosure Listings Continue to Weigh Down Home Prices
Commercial foreclosure listings still pose a problem on the real estate market of Richmond, Virginia. However, the latest program from the U.S. Small Business Administration (SBA) might help prevent the number of commercial foreclosures from further increasing in the metro area. The program, initially instituted in February of this year, will be expanded to cover more small businesses.
Continue Reading: SBA Program Might Help Lower Commercial Foreclosure Listings
Residents of Detroit, Michigan who have moved out of the main city might have gotten moving tips from others who moved out first; that there are affordable homes that can be had in the suburbs. The latest census data showed that a big percentage of city residents are leaving the city center to relocate to the suburbs.
Continue Reading: Detroit Moving Tips: Where Affordable Homes Can Be Found
The rise in the number of residential and land foreclosures has caused the values of houses to plummet in majority of U.S. markets. According to housing experts, now might be the best time to buy a house, given the decrease in prices in the past five years. Among U.S. regions, Memphis has been deemed one of the metro areas with the most affordable housing markets.
Continue Reading: Oversupply of Home and Land Foreclosures Made Houses Affordable
Fewer home-buying and foreclosure investment activities were done in Ohio in February of this year compared with the same 2010 period. Sales of residential properties declined in the whole state during the period, with the Northeast Ohio region posting one of the biggest year-over-year sales declines.
Continue Reading: Fewer Foreclosure Investment Actions in Ohio in February 2011
Owners of FSBO homes, or for sale by owner properties, and new houses are finding it hard to sell their properties in Las Vegas, Nevada. According to housing market analysts, declining appraised values are making it difficult for buyers to secure financing, which often leads to a breakdown in purchase negotiations.
Continue Reading: For Sale by Owner Properties Suffer from Low Appraisals
More potential buyers of residential properties, like homes in federal foreclosure listings, have come to Kentucky in the past decade as the 2010 U.S. Census Bureau report showed the state growing by more than 6% over the ten-year period. The Golden Triangle region of the state recorded the biggest population growth during the decade.
Continue Reading: Potential Buyers of Homes in Federal Foreclosure Listings Increase
There are still plenty of homeowners in danger of losing their properties to foreclosure and seeking foreclosure assistance. Despite this, most real estate analysts believe that home markets in Pennsylvania are starting to improve as sales of both new houses and existing dwellings posted increases in February 2011 compared with year-ago levels in certain areas.
Continue Reading: Foreclosure Assistance Needed Despite Improved Sales in PA
Bank foreclosures and distressed properties accounted for a huge percentage of housing sales in Phoenix, Arizona, in February 2011. A report from the Arizona State University (ASU) showed that foreclosed single family houses dominated home-resales during the month, causing year-over-year resale prices to decline in the metro area.
Continue Reading: Bank Foreclosures Account for a Huge Part of Phoenix’s February Sales
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