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Home Foreclosure Auctions Set to Benefit from Unemployment Decline
Economists have always associated potential improvements in housing with the job market so it is not surprising that the latest drop in the unemployment level of Ohio has given housing analysts some hope that home foreclosure auctions and non-foreclosed home selling markets in the state will soon gain more buyers. The unemployment rate of the…
Sales of Regular and Distressed Real Estate Homes Down in Arkansas
Sales of regular houses and distressed real estate homes plummeted in central Arkansas during the month of February 2011 compared with year-ago levels. Housing prices also dropped in the region over the same period, mirroring national trends in both prices and sales. Realtors reported that the decline has been expected by most. In February, sales…
Mediation Aims to Reduce Foreclosed and Repo Houses for Sale Numbers
The number of foreclosed and repo houses for sale has remained high in the state of Washington. In an effort to prevent the number of distressed properties from increasing further in the region, the state has recently signed into law a measure that will reportedly aid troubled homeowners in avoiding foreclosures. According to a number…
Single Family Home Auctions for Sale Struggle in Florida
Home auctions for sale continue to struggle in various markets of Florida as sales declined during the month of March. Condos and townhouses, on other hand, proved to be popular among investors and buyers during the month, with several areas posting increased sales. According to housing industry analysts, foreclosure auction in Orlando and non-foreclosed home-selling…
Distressed House Listings Still Up, but Commercial Market Is Better
Although distressed house listings still pose a problem on the real estate market of Tulsa, Oklahoma, analysts have stated that the commercial real estate industry of the metro area is showing signs of recovery. According to them, although things are still way below healthy market levels, there have been improvements evident in the commercial property…
Sales of Repo Homes and Existing Dwellings Up in Florida
Sales of single family houses, including non-foreclosed and repo homes, have increased in Florida in February 2011 compared with one year ago. The increase in February marks the third month in a row that sales of existing dwellings have jumped in the region. Meanwhile, condominium unit sales also climbed during the month. According to data…
Listings of Distressed Properties and Unemployment Hit Colorado
Although listings of distressed properties in Colorado are not as high as in other U.S. states, economists stated that the region will still require a longer time than most to return to pre-crisis conditions. According to them, the economy of the region is much weaker than initially perceived as unemployment levels continue to rise in…
Nevada New Home Market Improves Despite Expansion of Repo Home Listing
Although the supply of distressed properties in Nevada as well as properties under repo home listing continues to edge out new houses, subdivision development projects are starting to emerge in the region. According to housing market analysts, subdivision developers and new home builders are seeing signs of improvement in the new home industry and are…
Auction Home Foreclosures Affect House Construction Activities
Home building permits issued in Connecticut during December 2010 declined by over 14% when compared with year-ago levels. Analysts have attributed the lack of activity in the sector to the huge supply of auction home foreclosures in the area. According to them, the bargained prices of foreclosed properties are taking a big chunk out of…
Understand the Way Foreclosure Works
The foreclosure procedure differs from one state to another. The legitimate process that is followed by the banks and mortgage lenders is known as the foreclosure process. This procedure is followed when the banks and the lenders repossess the property of the homeowners that are unable to make the payment for the mortgage loan. While…