Utah is one of the states hit hardest by bank and Fannie Mae foreclosures. However, home builders in the state are not hindered by such concerns and are demonstrating resilience, particularly during the first half of 2010. Latest reports from the Bureau of Economic and Business Research from the University of Utah showed that new houses for 2010 will be 50% more than those constructed in 2009.
Continue Reading: Utah Construction Thrives Despite Bank and Fannie Mae Foreclosures
Lists of residential properties in Los Angeles were among the most sought after listings in June, as sales of homes spiked to the highest level since July last year, based on sales data from a major real estate research organization.
Continue Reading: LA Lists of Residential Properties Among Most Sought After
Lists of federal homes are still escalating in the Tampa Bay area, as foreclosures have nearly grown twice in Greater Tampa since January 2009. Federal foreclosures have also grown, as the default rate for mortgages backed by the Federal Housing Administration, Fannie Mae, Freddie Mac and other federal agencies have grown. Additionally, the share of federal agencies in all the mortgages being provided nationwide has been growing [...]
Continue Reading: Lists of Federal Homes Still Escalating in Tampa Bay Area
Properties in Texas' residential and commercial foreclosure lists are being snatched by first time buyers and investors in considerable numbers. The first quarter of 2010 showed that over 17% of total home sales in the state are accounted for by houses under varying stages of foreclosures.
Continue Reading: Dallas Residential and Commercial Foreclosure Lists Attract Buyers
More homeowners are seeing their properties get included in cheap foreclosure lists. With the rate of foreclosure continuing to rise, some homeowners try desperately to retain their properties, even to the point of doing something that could get them in trouble. One such example is Paul L. Plahn who allegedly made false claims about being [...]
Continue Reading: More Homes in Cheap Foreclosure Lists Lead to Desperate Act
Buyers of bank foreclosure properties in Georgia for the period from January to March gained 38 percent in savings, as they bought their foreclosed residential units at a price lower by an average of 37.91 percent than the average price of nonforeclosed properties. A total of 8,382 short sale and foreclosure homes were sold during [...]
Continue Reading: 38 Percent Discount for Georgia Bank Foreclosure Properties
Rates of foreclosure continue to rise in Utah along with pre foreclosure listings, resulting in analysts' claim that the state's housing market is still very far from its desired recovery. Some areas of the state are in worse situations than other cities, with three of its metropolitan areas considered as among the nation's top cities [...]
Continue Reading: Concern Over Foreclosures and Pre Foreclosure Listings Remain in Utah
Profit opportunities are waiting in farm foreclosure listings in Oregon as there are plenty of properties being offered at substantial discounts. A record number of farmlands in Oregon entered foreclosures lists when farmers and rural landowners lost money and failed to pay their loans when their products were not sold due to the recession. Based [...]
Continue Reading: Profit Opportunities in Farm Foreclosure Listings in Oregon
A housing market index updated on June 29 showed that prices of homes in Cleveland, Ohio, including those under government properties list, bank lists and other types of foreclosed property listings, have risen right after the end of the federal government’s tax incentive program.
Continue Reading: Prices of Homes in Government Properties List Rose in Cleveland
The lists of Freddie Mac foreclosures in Seattle and in other cities are growing, as more residential mortgages backed by Freddie Mac continue to default.
Continue Reading: Lists of Freddie Mac Foreclosures Growing in Seattle
