According to some real estate analysts, the problem of Houston distressed properties has leveled off and the housing market is on its way to a recovery. They cited improved residential sales and rising number of buildings permits for residential projects as primary evidence.
Home foreclosures in Indianapolis failed to push up total house sales in the metro area in January this year despite their attractive prices. Sales dropped by 18.4 percent to only 900 units in January.
Home foreclosures in Chicago attracted buyers with lower prices and drove up residential sales in January this year. The price median for residential properties in the Chicago metro area fell by 5.4 percent to $175,000.
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