Foreclosure Assistance Needed Despite Improved Sales in PA

March 23, 2011

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.

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Bank Foreclosures Account for a Huge Part of Phoenix’s February Sales

March 22, 2011

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.

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Homes in Illinois Distressed Property Listings Drop

March 21, 2011

Last February, the volume of homes which entered the Illinois distressed property listings slowed down compared to last year’s figures. But despite this, experts still believe that the foreclosure crisis is not yet over and recovery is still far.

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Cheap Houses Prevalent in Portland As Prices Continue to Drop

March 18, 2011

Portland, Oregon, was ranked as one of the top U.S. metro areas with the biggest supplies of cheap houses. The region was considered one of the worst-performing areas in terms of housing price declines for a period of two years. The other metro regions in the top five were Seattle, Phoenix, Tucson and Las Vegas.

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Number of Foreclosed and Repo Homes Up in Brooklyn

March 17, 2011

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.

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Multi Family Foreclosure Listings Affect Prices Differently

March 16, 2011

Prices of regular houses and residential properties under single and multi family foreclosure listings in Massachusetts differ from one corner of the state to another. Analysts stated that the best example of this price variation within one state can be seen in the suburban beltways of Interstate 495 and Route 128.

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Foreclosure Investing Expected to Be Affected by Population Decline

March 11, 2011

There might not be enough people to engage in foreclosure investing in some local areas of New Jersey as census reports showed massive population declines in certain areas. According to analysts, part of the reason for the diminished number of residents was the real estate boom that started at the early part of the decade and ended by the middle of the 2000s.

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Interest in Pre Foreclosure Listings Wanes, Apartment Market Thrives

March 10, 2011

Even with prices of properties in pre foreclosure listings remaining way below normal market levels, a big number of Americans still stay away from homeownership. Some of them just simply do not have the means to buy, while others are still waiting for prices to dip even lower. In Myrtle Beach, South Carolina, the lack of interest in homeownership is benefiting apartment properties.

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Bank and Fannie Mae Foreclosures Dominate Five-Figure Priced Market

March 9, 2011

For Alabama homebuyers seeking residential properties priced lower than $100,000, it is likely that what they will find are mostly bank owned homes and Fannie Mae foreclosures. According to realtors, not a lot of new houses can be found within this price range. They stated that at this price, a buyer can find more distressed houses in need of repairs than new dwellings.

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Home owners and Lawyers Moving Against Questionable Foreclosures

March 4, 2011

More home owners in Utah are moving against lenders that are foreclosing on their properties. According to the lawyers who represent property owners, some of the foreclosed property cases are questionable and are in violation of state and federal laws. A class action suit is being considered by a number of homeowners in the state.

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Sales of Residential and Commercial Foreclosures Decline in Texas

March 3, 2011

In terms of property sales, residential and commercial foreclosures were not much of a factor in Texas in 2010 compared with other states and with the national level. The number of foreclosed houses that were sold in the region last year went down by almost a quarter when compared with year-ago levels.

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Foreclosed Single Family Home Listings Rise in Tulsa

March 2, 2011

The number of foreclosed properties under single family home listings in Tulsa, Oklahoma, increased in 2010 compared with 2009 levels. Despite the big jump in the area's foreclosure numbers, local housing analysts are expecting a stronger housing market this year as available distressed properties get snatched quickly by home buyers and investors.

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