Foreclosure filings and the number of properties falling under foreclosure sheriff sales in Tucson, Arizona fell in March 2011 when compared with the previous month by more than 40%. In other state markets like Phoenix, foreclosure numbers did not decline much but properties in danger of eventually getting foreclosed on have eased somewhat during the month.
Sheriff Sales and Foreclosure Filings Fell in Tucson in March 2011
April 18th, 2011Sales of Homes and Condos for Sale Expected to Be Strong This Year
April 15th, 2011Residential property sales, including homes and condos for sale, went up in Northern New Mexico in 2010 compared with one year ago. Both the total number of units sold and equivalent dollar worth were up in 2010 and realtors are expecting the same for this year.
Supply of Properties at Foreclosure Auctions Dipped
April 14th, 2011The number of properties offered at foreclosure auctions as a percentage of total housing units for sale has dwindled in some areas of California. According to housing analysts, the number of available distressed properties has declined in some markets, mainly because of federal regulators' scrutiny of lenders' foreclosure processes as a result of the robo-signing controversy last year.
With Tax Credit Over, Towns Battle Vacancies on Their Own
April 13th, 2011The U.S. federal government's tax credit program was able to boost home-buying activities in the country last year. This time though, it is up to communities to convince homebuyers to purchase properties in their areas and thereby help alleviate the problem of high vacancies. This problem has become quite common in a big number of towns and cities, including some in Pittsburgh.
Is It Time for Real Estate Investments to Make a Comeback?
April 12th, 2011Home buying activities and real estate investments are still down in most U.S. markets, with most buyers still wary of entering the residential market while values of properties look like they will decline further. However, a number of analysts believe that options for home buying and residential investments are getting better.
Foreclosure Lis Pendens Did Not Solve Affordable Housing Problems
April 11th, 2011New Jersey has its own share of lis pendens foreclosure properties, with majority of them sold at almost half their original prices. Despite the presence of these cheap residences, the state is still facing affordable housing concerns. Recently, the state's Supreme Court tried to address laws governing affordable housing in an effort to widen coverage and provide for more people in need.
Sales of Foreclosure Condos and Houses and Regular Homes Up in Ohio
April 8th, 2011Sales of residential properties, including foreclosure condos and houses and non-foreclosed dwellings, are improving in Ohio and in some local markets. Data for February 2011 showed that statewide housing sales were up from the previous month, although they did post a decline when compared with year-ago levels. However, some local markets like Dayton posted both month-over-month and year-over-year sales increases.
Buying Homes from Tax Deed Sales Lists and Regular Markets Made Easy
April 7th, 2011Those who wish to purchases homes from tax deed sales lists and from regular home sellers in Kentucky will find it much easier to do so in the coming months. This is because a bill, which will help homebuyers acquire a residential property, was recently signed into law in the state and will take effect by the end of April 2011.
Sheriff Sale Homes Put on Hold in Cook County
April 6th, 2011Processing of sheriff sale homes and foreclosure cases totaling nearly 1,700 had been put on hold in Cook County, Illinois. A Circuit Court judge gave the order to temporarily suspend the foreclosures following a report that documents used in the cases have been altered. The alleged alteration was reported by a law firm used by mortgage service firms operating in the region.
Real Estate Brokers Sold More Homes in February in Alabama
April 5th, 2011Real estate brokers in Alabama were able to post positive numbers in February of this year as housing sales improved slightly in the region when compared with one year ago. According to housing data for the whole state, the biggest gains were recorded in the northern part of the state and the regional market of Mobile.
