Los Angeles foreclosures for sale slowed in October as banks delayed their foreclosure actions on defaulting mortgages. Home prices improved, with the median increasing to $340,000 in October.
Distressed property listings surged by 29 percent in Columbus, Georgia in February this year, based on legal notices filed for the March 2 public foreclosure auction. Foreclosure listings also grew in metro Atlanta during the same period to 10,300.
House construction activities rose in the U.S. for April, but the number of construction permits declined, leading real estate analysts to conclude that the building industry recovery is short-lived. Building or construction permits are indicators used by analysts to predict future construction activities.
Bank owned homes for sale pulled down prices in Eastern Connecticut in 2009, particularly in New London and Norwich. The median dropped from $180,000 in 2008 to $165,000 in 2009.
There has been a lot of criticism over the federal tax credit and about what is going to happen once it expires. Recent studies show that with the expiration of the housing credit home sale have dropped.
Home prices improved substantially as the percentage of San Francisco distressed properties for sale fell in May. The median price for pre-owned single-family homes rose by 8 percent to $434,000 in May.
It seems like this housing market we are currently in is seeing its ups and downs. We are continually seeing changes in how the market is changing. Currently we are seeing a decrease in the number of existing homes sales.
Foreclosure properties sales in the Chicago area increased by more than 22 percent in the July to September quarter. Based on data from the Illinois Association of Realtors, overall home sales also increased while the median sales price decreased.
An increasing number of homebuilders are entering the housing market of Indianapolis despite the fact that national foreclosure rates remain high. According to these companies, they are preparing for the time when the housing crisis starts to ease.
The number of properties in bank foreclosure listings nationwide soared again to 645,800 units in January, after gradually declining from the peak level of 845,000 units in November 2008, based on figures from Barclays Capital.
The spike in house sales in April augur well for Portland foreclosure investing. Sales shot up by more than 49 percent to a total of 1,941 units in April.
Charlotte cheap homes are still slowing down new home construction in the area. Sales of lumber declined as the average home sales price in Charlotte fell from $195,623 in January to $189,743 in February.
Prospective buyers need to take advantage of cheap foreclosure listings in San Diego now before prices shoot up. The median price rose by more than 15 percent over the year to $340,000 in May, the eighth consecutive month of increase year-over-year.
Bank listing foreclosures have been driving house sales in the Florida Keys, based on October home sales data from a local real estate brokerage. Overall home sales climbed up by 18 percent to 3,666 units in October.
The still high percentage of Baltimore foreclosures for sale is making many homes affordable. The average home price in May dropped by 14 percent to $272,000.
As sales of housing units from Los Angeles foreclosure listings declined in March, home prices in the Los Angeles metro area increased. The sales price median in March in Los Angeles County rose by nearly 10 percent to $329,000 in March.
Bank foreclosure home sales on the Treasure Coast in Florida are expected by analysts to keep growing because of the high jobless rate in the area and the heavy reliance of Treasure Coast's economy on the housing market.
San Antonio home auctions are revving up, but home prices in the area are holding up. In December, the median sales price for a detached single-family home rose by 5 percent to $148,300 despite increased foreclosure activity.
Home price reductions stepped up in April as more homes entered Minneapolis foreclosure auctions in the previous three months. With 40 percent of homes sold with price reductions in April, Minneapolis topped all other large metro areas in price cuts.
Current signs and factors point toward continued surge in Tampa pre foreclosures. Double-digit price declines and a 13.1-percent unemployment rate are just two of the factors pointing to more foreclosures in the area.
Dallas foreclosed homes differed in impact on rents and on new home construction in North Texas. New home construction increased by 32 percent while rents dropped by 3.5 percent.
Cheap foreclosure homes can be found in Ocala, Florida where house prices dropped by 25 percent to $92,100. Foreclosure filings rose by 31 percent in the July-September quarter on a year-over-year basis.
The county housing stimulus program is a positive development for Lawrenceville foreclosure investing. The filing of more than 2,000 foreclosures also means additional opportunities for investors.
Rockford foreclosures drove down home prices by up to 43 percent in 2009 as unemployment continued to rise in the area. The jobless rate of Rockford rose to 16 percent in December, far above the nationwide rate of 10 percent.
Pittsburgh pre foreclosure homes are contributing to the increase in pending home sales. Pending sales soared by 33 percent in February year-over-year in Pittsburgh and in other parts of western Pennsylvania.
Despite the federal tax credit, full-year foreclosure data in South Carolina showed an increase of over 30% in 2010. The state was ranked inside the top 20 among U.S. states in terms of foreclosure.
House sales and prices jumped up despite the surge in Charlotte foreclosure auctions in April. The average price rose to $210,410 as foreclosures jumped up to 1,463 filings.
The number of pre foreclosed homes in the Chicago metro area soared by 10.2 percent to over 70,000 units in 2009, according to Woodstock Institute. Over 24,000 homeowners were in default in the last quarter.
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