Overall home sales and prices in Jacksonville, Florida were affected by foreclosure halts observed by mortgage lenders in November. Temporary foreclosure stoppage forced banks to make their lending standards stricter.
Houston bank owned homes are being absorbed well by the city because of its economic strength. Home prices surged by more than 12 percent to $203,271 in February and sales of homes priced above $250,000 increased.
Sacramento foreclosure homes are still surging, but home prices are rising. The default rate climbed up to 12.29 percent in January, but the median home sales price rose to $174,830.
San Francisco foreclosures for sale comprised almost 32 percent of all house sales in the area in October. With the foreclosure percentage dropping slightly, the median sales price for homes sold in October climbed up to $390,000.
Sales of Columbia foreclosed homes in coastal areas have been surging as prices tumbled. In some coastal areas, prices plunged by 25 percent to $215,000.
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