Florida Issuers Borrow $442 Million as State's Debt Costs Rise to RecordThursday, September 9, 2010 @ 11:50PMMunicipal-debt issuers in Florida , with the third-highest rate of home foreclosures in the U.S., offered $442 million in Build America and tax-exempt bonds as the state’s borrowing cost rose to a record.
The Death of Las VegasThursday, September 9, 2010 @ 9:51PMThere are quite a few U.S. cities that are complete and utter economic disaster zones in 2010 (Detroit for example), but there is something about the demise of Las Vegas that is absolutely stunning.
Foreclosures jump 74 percent in W-B/Scranton regionThursday, September 9, 2010 @ 7:04PMRegional mortgage foreclosures catapulted in the first six months of the year, a national real estate tracking company reports. Foreclosures in the Wilkes-Barre/Scranton/Hazleton metropolitan area jumped 74 percent from the January-to-June period in 2009, according to RealtyTrac, a Los Angeles-area firm that compiles foreclosure data.
Property Preservation Specialist, Frank Patrick, Discusses Fannie Maes Need For More REO AgentsWednesday, September 8, 2010 @ 1:35PMScottsdale, Ariz. September 8, 2010 Frank Patrick, foreclosure trash-out and reo specialist, recently wrote an article discussing how the REO home inventory is outstripping the current REO broker network. During the recent National Association of Real Estate Brokers NAREB conference, Fannie Mae executives revealed that, in many areas, they have too much REO inventory and too few REO brokers...
Homebuilders Revive Stalled U.S. Projects as Banks Unload LotsTuesday, September 7, 2010 @ 11:56PMConstruction crews are returning to the Cascades of Groveland, a gated 55-and-older community west of Orlando, Florida, almost three years after its bankrupt developer left owners of the existing 238 houses surrounded by empty lots, partially built homes, and an unfinished clubhouse.
ANALYSIS-Nevada economy faces extended losing streakTuesday, September 7, 2010 @ 4:12PMANALYSIS-Nevada economy faces extended losing streak
Area's home sales slowSunday, September 5, 2010 @ 4:52AMRANZENBERGER
672 properties sold in Aug. foreclosuresFriday, September 3, 2010 @ 9:16PMForeclosure filings in Pima County continued to surge throughAugust, showing no letup in the number financially distressedproperties.
Analysis - Obama running out of options to aid housing marketFriday, September 3, 2010 @ 1:36PMA further downturn in the battered U.S. housing market has put the Obama administration in a tough spot with few tools to stem foreclosures ahead of congressional elections in which Democrats face big losses.