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.
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.
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.
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.
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.
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.
Miami foreclosure investing is getting hotter as filings and listings continued to surge in the area. Almost 6,700 foreclosures were filed in February, a whopping 44-percent jump from January.
Price increases are a great boost for San Jose foreclosure investing. The median price in Santa Clara County soared by 29 percent to $550,000 in March, the highest price increase year-over-year in the county for almost 10 years.
The competition for Grand Rapids foreclosed homes has been getting fierce as buyers want to buy a home before the federal tax credits expire and before mortgages rates increase. Total house sales jumped up to 1,244 units in March.
The surge in home sales in March is a great boost for Saint Louis foreclosure investing as more sales mean the housing market is recovering. Total home sales rose by 22 percent in March as prices also rose by almost 20 percent.
Buying repo homes in Memphis now before prices spike sharply is a good decision, as house prices in the area are surging and foreclosures are slowing down.
The percentage of residential foreclosures in Seattle home sales in March was still high. Foreclosure sales accounted for 24.7 percent of total house sales during the month.
Foreclosed home sale in Birmingham, Alabama is expected to step up this year despite improvements in home sales in October and in November. The 11-percent jobless rate of Alabama in December and other unsolved economic issues are expected to drive more foreclosures.
Los Angeles cheap homes improved home affordability for first time buyers in the metro area. More buyers made home purchases in February despite the uptick in the median price to $315,000 because they believed the price was still affordable.
Federal tax credits for homebuyers are gone, but Atlanta home builders believe that the new home market will pick up. They predict increased activity in 2011.
Foreclosures sale drove the increase in home sales in the Twin Cities in 2009, based on sales figures from three realtor associations in the area. More than 52,000 home sales were pending as of the last months of 2009.
Home sales soared in the midst of a surge in Columbus pre foreclosures in the first quarter. A total of 3,714 foreclosure filings and 3,873 home sales were posted in the Columbus region during the quarter.
The median home price had an uptick despite the rise in number of Colorado Springs foreclosed homes in March. The price median in March jumped up by almost 3 percent to $189,900.
Print This Article
Add To Favorites