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Housing market: Foreclosures plunge in first half of 2011 Thursday, July 14, 2011 @ 6:56AMForeclosure filings fell dramatically during the first half of the year as processing delays at the banks, which are strapped with excess inventory of repossessed homes, continued to skew the numbers -- and falsely raise hopes that the housing market is staging a recovery.
As Number Of Foreclosed Homes Grows, So Does Mold Wednesday, July 13, 2011 @ 11:35AMEmpty houses sit with no utilities, making it the perfect environment for mold, which can cause thousands of dollars in damage. In some states, it's estimated that more than half of foreclosed homes have mold and mildew issues. read more
As more unable to pay homeowners' fees, associations pit neighbour vs. neighbour Thursday, July 7, 2011 @ 5:09PMThe Inlet House condo complex in Fort Pierce, Fla., was once the kind of place the 55-and-older set aspired to. It was affordable. The pool and clubhouse were tidy, the lawns freshly snipped.
Hometownstations.com-WLIO- Lima, OH News Weather SportsNeighbor vs. neighbor as homeowner fights get ugly Thursday, July 7, 2011 @ 3:06PMThe Inlet House condo complex in Fort Pierce, Fla., was once the kind of place the 55-and-older set aspired to. It was affordable. The pool and clubhouse were tidy, the lawns freshly snipped.
An upside for bargain hunters Friday, July 1, 2011 @ 8:02AMLast year, first-time buyers Robyn Beutler and fiancé Todd Boughton searched for a home large enough to raise a family, but had little luck. Even with declining market prices and two salaries, the young couple — and 2-year-old daughter — still couldn’t afford a three-bedroom house with a big yard in a friendly neighborhood. “We just didn’t make enough money to buy what we wanted and needed ...
Americans' home equity near a record low Wednesday, June 15, 2011 @ 8:17AMFalling U.S. home prices have shrunk equity so much that the proportion of their homes that Americans actually own is near its lowest point since World War II.
Chinese on Global Homebuying Spree Tuesday, June 14, 2011 @ 12:15AMChina’s blossoming wealthy and middle classes are finding investment properties and second homes around the world
Chinese Mount Global Homebuying Spree as Governments Squeeze Local Markets Monday, June 13, 2011 @ 2:52PMOn a sunny Saturday in early June, Larry Zhou strolled the floor of a property exhibition in Hong Kong, wondering whether it was time to buy another home -- not in the city, where residential prices have soared 50 percent in the past two years, but maybe in Thailand or Malaysia.
Americans' Equity in Their Homes Near a Record Low Thursday, June 9, 2011 @ 6:17PMWASHINGTON (AP) – Falling U.S. home prices have shrunk the equity Americans have in their homes to nearly the lowest percentage since World War ...
Hometownstations.com-WLIO- Lima, OH News Weather SportsAmericans' equity in their homes near a record low Thursday, June 9, 2011 @ 3:52PMWASHINGTON (AP) - Falling home prices have shrunk the equity Americans have in their homes to nearly the lowest percentage since World War II.
Americans’ home equity keeps falling Thursday, June 9, 2011 @ 3:43PMThe proportion of their homes that Americans own has slipped to 38 per cent - its lowest point since the Second World War
US: Net worth grew 1.65 pct. in the first quarter of 2011, but home equity is near record low Thursday, June 9, 2011 @ 2:52PMWASHINGTON - Falling U.S. home prices have shrunk equity so much that the proportion of their homes that Americans actually own is near its lowest point since World War II.
Low appraisals complicate neighborhood revival plan Saturday, May 28, 2011 @ 1:56PMEbonye Huggins was just what the city was looking for when it started a program to lure upwardly mobile residents back to the downtrodden Coleman Park neighborhood with the promise of new half-price homes.
Glut of Foreclosed Homes Threatens Housing Market Monday, May 23, 2011 @ 4:57AMThe nation's biggest banks and mortgage lenders have steadily amassed real estate empires, acquiring a glut of foreclosed homes that threatens to deepen the housing slump and to create a further drag on the economic recovery.
As Lenders Hold Homes in Foreclosure, Sales Are Hurt Sunday, May 22, 2011 @ 10:59PMThe nation’s biggest banks and mortgage lenders have amassed a glut of foreclosed homes that threatens to deepen the housing slump.
More Americans bearish about housing recovery Wednesday, May 18, 2011 @ 1:02PMFewer Americans believe the housing market will recover anytime soon, a survey by two major industry trackers said today.“We are in the fourth year of the post-housing bubble. I’d love to say we have taken a few steps forward, but the reality is we are backtracking,” Trulia CEO Pete Flint said this morning in a conference call with reporters.
Government roundup: New home construction way down from last year Wednesday, May 4, 2011 @ 8:47PMNew home construction in Bakersfield slowed significantly in April compared to a year earlier, the city's latest monthly building report shows.
Tenn. Bill Would Reduce Foreclosure Notices Monday, May 2, 2011 @ 11:20AMThe judiciary committees in the House and Senate of the Tennessee General Assembly are scheduled to vote on companion bills Tuesday that would give ho...
Arizona and Colorado Home Foreclosures Raised 10 Percent in April Tuesday, April 26, 2011 @ 6:05AMForeclosureWarehouse.com recently reported that in April, the top five states with more foreclosure opportunities were California, Florida, Colorado, Arizona, and Georgia. From March to April, only Florida saw a decrease at -12.07 percent in foreclosures.
Ahead of the Bell: New-home sales Monday, April 25, 2011 @ 6:07AM(AP:WASHINGTON) Sales of new homes likely rose in March. But the increase is not expected to signal momentum for the struggling housing sector in the midst of possibly its worst year since the government began keeping data almost a half-century ago.
Champlin reviews updated work plan priorities Wednesday, April 20, 2011 @ 1:21AMCity Administrator Bret Heitkamp gave an overview of the city's 2010 work plan priorities at the April 11 Champlin City Council meeting.
Champlin reviews updated work plan priorities Thursday, April 14, 2011 @ 1:28AMCity Administrator Bret Heitkamp gave an overview of the city's 2010 work plan priorities at the April 11 Champlin City Council meeting.
Grass Roots: Activists rally to keep housing from going to M&I Bank Saturday, April 9, 2011 @ 9:48AMTake Back the Land is at it again.
Area home values get boost with new math Thursday, April 7, 2011 @ 9:53PMQuestion lingers: Should distressed-home sales count as comparable market data? Home prices in the Chicago area either continue to falter badly or are starting to stabilize.
Rip Off That Housing Band-Aid & Dump All The Foreclosures On The Market Wednesday, March 30, 2011 @ 9:55AMWhen companies want to liquidate a product, they discount it more and more heavily until buyers can't resist the lower prices and the product disappears. It's time to think about implementing that strategy in housing. According to CoreLogic, there are about 1.8 million homes in foreclosure around America. That's a whopping 9 months of inventory sitting empty. Put another way, if no more ...
Cash-Paying Vultures Feast on U.S. Housing as Mortgages Dry Up Tuesday, March 29, 2011 @ 5:59AMDelavaco Properties LP plans to spend as much as $30 million this year and $40 million in 2012 to buy bank-owned houses and condominiums in foreclosure-ridden South Florida. The private-equity fund will pay cash.
Administration proposes that banks spend $20 billion to help strapped borrowers Monday, March 28, 2011 @ 8:45PMCongressional Republicans are moving to shut down President Obama's $30 billion program to help struggling homeowners pay their mortgages, but the White House appears to have already found a substitute plan. The administration has proposed requiring the nation's largest banks to spend $20 billion modifying loans of delinquent borrowers to ...
Sales of new homes slowest since government began keeping data Thursday, March 24, 2011 @ 4:15AMWASHINGTON — Home construction in the United States is all but coming to a halt. Americans are on track to buy fewer new homes than in any year since the government began keeping data almost a half-century ago.
New home sales continue to fall Thursday, March 24, 2011 @ 3:49AMWASHINGTON - Home construction in the United States is all but coming to a halt. Americans are on track to buy fewer new homes than in any year since the government began keeping data almost a half-century ago. Sales are now just half the pace of 1963 and#8212; even though there are 120 million more people in the United States now.
New-home sales slowest in 50 years Wednesday, March 23, 2011 @ 7:15PMAmericans are on track to buy fewer new homes than in any year since the government began keeping data almost a half-century ago.
Home construction stagnant Wednesday, March 23, 2011 @ 6:31PMWASHINGTON - Home construction in the United States is all but coming to a halt.Americans are on track to buy fewer new homes than in any year since the government began keeping data almost a half-century ago. Sales are now just half the pace of 1963 -
Builders market energy savings to compete with foreclosures Thursday, March 10, 2011 @ 7:00AMFalling home prices on distressed properties make it difficult for new home builders to compete.
Senators Seek to Keep Americans in Homes Thursday, March 3, 2011 @ 6:16PMA group of 18 U.S. senators, led by Jeff Merkley (D-OR) and Olympia Snowe (R-ME), urged government agencies Thursday to take action to prevent foreclosures and help families keep their homes.
Kane-Elgin HOME group wants to address more affordable housing Thursday, March 3, 2011 @ 5:18PMThe Kane-Elgin HOME Commission doles out federal funds targeted at affordable housing creation and rehabilitation. It's hoping for $1.25 million this year.
Lottery used to sell homes Sunday, February 27, 2011 @ 12:25AMMiramar offered four formerly foreclosed and abandoned homes by lottery as part of a national effort to help save hard-hit cities — and residents who want to buy a home.
Home Prices Fall Again Tuesday, February 22, 2011 @ 12:05PMThe Case-Schiller C-10 index fell 0.36% on a seasonally adjusted basis, and is down 1.22% from a year ago.
Home loans in default drag on Tuesday, February 22, 2011 @ 3:39AMThe average U.S. borrower in the throes of foreclosure hasn't made a mortgage payment in 17 months, up from nearly 11 months two years ago -- and the time frame might get even longer.
Foreclosure.com Announces the Winners of its 2010 Scholarship Program Wednesday, February 16, 2011 @ 1:05PMFive college students rise to the top, share nearly $10,000, in the most competitive contest to date (PRWeb February 16, 2011) Read the full story at http://www.prweb.com/releases/scholarshipsfor/collegestudents/prweb8136488.htm
Foreclosures weigh heavy on Orlando's resale market Saturday, February 12, 2011 @ 6:47AMThe number of foreclosed homes on, or about to hit, Metro Orlando's resale market has more than doubled in the past year, forcing down the prices of other houses that have already lost more than half their value since before the recession, new figures show.
A Resumption of the Housing Decline In 2011 Wednesday, February 2, 2011 @ 8:35AMAn oft-repeated maxim is that real estate is one of the best long-term investments. For the better part of the last 60 years or so this certainly held true.
Fannie and Freddie's Big Foreclosure Backlog Friday, January 28, 2011 @ 7:08AMFannie Mae (fnma.ob.OB) and Freddie Mac (fmcc.ob.OB) are trying to sell their huge backlog of foreclosed homes in an orderly way to avoid flooding the market and depressing prices. As foreclosures mount, though, analysts say the companies may be forced to reconsider that approach.
Foreclosures keep growing Thursday, January 27, 2011 @ 11:00PMReal estate agents talk about "shadow inventory."
Fannie and Freddie's Big Foreclosure Backlog Thursday, January 27, 2011 @ 4:25PMThey have more homes than they can sell—and as the backlog builds, the housing market could suffer
Ongoing Foreclosure Crisis Far From Over Thursday, January 27, 2011 @ 4:24PMThe foreclosure crisis will get worse before it gets better – with 1 million homes foreclosed in 2010 and even more projected for default in 201...
Home Prices Falling Again Tuesday, January 25, 2011 @ 12:23PMThe C-20 fell by 0.54% on the month and is down 1.61% from a year ago.
Good news, bad news for county foreclosures Friday, January 21, 2011 @ 4:28AMIn light of today’s sheriff sale, Delaware County Sheriff Joseph F. McGinn had good news and bad news regarding 2011’s possible foreclosure rates.
Economic news encouraging, unnerving Friday, January 21, 2011 @ 1:29AMThese leaders have been a driving force behind the nation's economic policies since the financial crisis of 2008. Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site.
Federal Reserve leaders face encouraging yet unnerving picture ahead of meeting Thursday, January 20, 2011 @ 7:11PMAs the Federal Reserve gears up for its first policy meeting of 2011, its leaders face the challenge of making sense of an economic picture that is encouraging - including upbeat reports Thursday on housing and unemployment - yet still unnerving.
Home sales were down in December Thursday, January 20, 2011 @ 4:29PMThe Ocala metropolitan area in December saw Florida's second worst decline in existing homes sales compared with a year ago.
US data signals firmer economy Thursday, January 20, 2011 @ 1:20PMUS home resales jumped more than expected in December and claims for new jobless claims last week posted their biggest decline in nearly a year, showing two key economic trouble spots on the mend.