The number of commercial, residential and condo properties for sale in several metro areas of Louisiana rose during the first six months of 2010, with Baton Rouge and New Orleans among them.
For a while now renters seem to shy away from finally making a commitment to buy a home because they fear they may not be able to pay for it, but with great deals on condo foreclosures for sale there is really nothing to be wary about.
Home foreclosures in New York will surge in the coming months if the owners of more than 700 Manhattan condo units that defaulted last year are not able to save their properties from foreclosure. The number of distressed condo units in the area soared in 2009 by 125 percent from 2008.
Continuous growth of foreclosed house and condo properties listings affect not only the residential property market but the construction industry as well, particularly contractors.
Several areas in Arizona are experiencing declining home values based on September market data. The decline is attributed by analysts to high levels of bank and HUD foreclosures for sale.
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