Americans find distressed listings and foreclosures are not just for low-income households. The housing crisis also affects famous people, like baseball star Lenny Dykstra.
As distressed listings and foreclosed property numbers rise, more people are renting. The trend has benefited apartment builders, including those in Seattle.
Bronx pre foreclosures contributed to the surge in New York City foreclosures in the first quarter. Almost 5,000 residential units in the city were in the foreclosure process during the quarter. Bronx foreclosures, meanwhile, dropped month-over-month but rose year-over-year.
Distressed listings of home lots in Tucson are in demand again, as homebuilders buy lots for future development. Meritage Homes, Maracay Homes and Centex Homes have been acquiring or keeping finished lots in Tucson.
Foreclosure auctions in Florida have attracted huge numbers of foreign investors and homebuyers. The biggest percentage of overseas buyers came from Canada.
Foreclosures in Dallas commercial sector are expected to put a heavy pressure on the county budget, which is burdened with an expected shortfall of $60 million this year. Commercial properties which owe lenders a total of $900 million are scheduled for auctions in March.
VA foreclosure listing and other distressed listings did not put a downward pressure on Sacramento home prices in April, as the price median in the Sacramento region increased by 12.4 percent to $188,100 during the month.
Print This Article
Add To Favorites