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The oversupply of foreclosed dwellings and repossessed homes is impacting the prices of residential properties in Seattle, Washington. A recent report published by Standard & Poor's Case-Shiller Home Price Indices showed that the metro area had the second biggest decline in housing prices during the period December 2010-January 2011 among the 20 biggest metro residential markets in the U.S.
Continue Reading: Foreclosed and Repossessed Homes Hammered Seattle Housing Prices
The number of repo homes and foreclosed residential properties surged in Brooklyn, New York, in February 2011. The increase was significant, given that national averages have gone down. The same trend, which is in conflict with national figures, is also seen in other areas of New York City, including Bronx.
Continue Reading: Number of Foreclosed and Repo Homes Up in Brooklyn
The number of repossessed houses and foreclosed properties will increase further in the coming two years, according to housing market analysts. The prediction was based on estimates that several states in the U.S. are currently sitting on shadow inventories of homes that are worth several years of supplies.
Continue Reading: Foreclosed and Repossessed Houses Set to Increase in the Next Two Years
Properties in listings of residential foreclosures that are scheduled for auction in February 2011 have increased in Austin, Texas, when compared with the same month of 2010. According to local housing market data, foreclosure postings jumped by 14% in February compared with year-ago levels.
Continue Reading: Listings of Residential Foreclosures Expand in Austin
The list of repossessed homes for sale in Colorado has created serious problems for the state's real estate market in 2010. A number of analysts have stated that this problem might be repeated, this time in the commercial property sector. According to them, there is a crisis waiting to happen in the commercial property industry in the coming few years that might even be bigger than the residential property crisis.
Continue Reading: Commercial Foreclosures to Topple List of Repossessed Homes for Sale
Really good repossessed home listings can cut the work in half and leave buyers more free time to devote to other important things. But just where can one find such lists? Here are some methods to find a repossessed home listing.
Continue Reading: Do You Need Repossessed Home Listings?
The number of foreclosed properties and repossessed houses continues to rise in Cincinnati, Ohio. This has caused residents and city officials to be concerned about neighborhood blight that can come from high number of empty and abandoned properties so they came up with a proposal which aims to solve the problem.
Continue Reading: Lenders to Maintain Foreclosed and Repossessed Houses
Despite the presence of the U.S. federal government's Home Affordability Modification Program (HAMP), more homes end up in repo homes list in Maryland. According to some market analysts, the program has a lot of problems and is not helping as many homeowners as it should.
Continue Reading: Repo Homes List Continues to Grow As HAMP Falls Short
People making it big from flipping repossessed properties for sale is not unheard of. It should not be surprising since repo homes can be purchased for a very affordable price and resold at market value. That is instant profit even if you consider the cost of repairs. You can even chance upon homes that are priced at half its real value though you may have to spend more on repairs.
Continue Reading: Can You Make a Living Out of Flipping Repossessed Properties for Sale?
Las Vegas, Nevada is on top of the country's list in terms of number of foreclosures and listings of repossessed houses. In an effort to address the problem, city Mayor Oscar Goodman is reportedly considering giving an order to banks not to release any more foreclosed property in the market for a period of three years.
Continue Reading: Las Vegas Mayor Aims to Shorten Listings of Repossessed Houses
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