Investors and buyers of multi family homes are finding it easier to secure financing from lenders compared with other types of residential properties. According to housing reports, developers, buyers and those seeking refinancing for multifamily properties in the U.S. are being welcomed by lenders despite the ongoing downturn in the housing industry.
Continue Reading: Multi Family Homes Market Showing Signs of Strength
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
Thousands of foreclosed homes have reportedly remained unlisted in Florida bank and HUD homes listings. According to housing market analysts, the state has the highest number of unlisted foreclosures or shadow inventory in the U.S. Analysts refer to foreclosed properties, repossessed homes and delinquent mortgages not yet listed as for-sale or have yet to enter the market as shadow inventory.
Continue Reading: Thousands Remain Unlisted in Florida Bank and HUD Homes Listings
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
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
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
Realtors in Sacramento County, California reported that home prices continue to decline in the area as investors took advantage of the low prices of distressed properties and snatch them in huge numbers from the market. Housing sales though, showed some improvements in February 2011 compared with one year ago.
Continue Reading: Distressed Properties Weigh Down Median Home Prices in Sacramento
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
