In terms of sales, office spaces in some areas of Arizona are doing better than foreclosed single family houses. Activities in the commercial property market are higher than in the residential market.
The slowdown in Memphis foreclosures could be an indication that a recovery is nearing. Foreclosure activity declined by 30 percent in February as downtown development continued.
The number of people who buy triplex foreclosures for sale and other types of foreclosed houses has declined in Houston as homeowners focus more on remodeling or upgrading their residences. Most homeowners are upgrading their dwellings to prepare for a long-term stay.
Houston foreclosure homes for sale accounted for 16.7 percent of all home sales in August in the metro area. The median price increased to $160,880 because of the drop in foreclosure sales.
A study of the records at a county assessor in Nevada showed that banks were busy selling houses than foreclosing on distressed properties. Industry experts said that if the current trend continues, the market could expect a glut of bank foreclosure properties in the coming months.
Single family houses are the most common victims of foreclosure. However, the problem has also become prevalent in the commercial property market of Indiana.
Despite foreclosed home listing increases in the U.S. in the first few months of the current year, the housing market is showing some sign of recovery as housing construction also rose during the first quarter of 2010.
Listings of foreclosure homes continued to hammer housing prices down in the fourth quarter of last year. The drop in prices led to more underwater mortgages.
Single family houses and condominium sales rose in several areas of Illinois in January. Residential sales data showed an improvement, but prices are the same.
Print This Article
Add To Favorites