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Real estate, building markets struggle through first half of the year (3:15 p.m.) Sunday, July 17, 2011 @ 4:23PMLAS CRUCES - No less an authority than Fed Reserve Chairman Ben Bernanke has recently admitted that the economic recovery has been frustratingly slow.
Top 10 states for foreclosure Saturday, July 16, 2011 @ 6:30AMLive in one of these 10 states? According to RealtyTrac, a California-based firm that tracks foreclosures, your state had one of the highest rates of foreclosure in June. Nationally, 1 in every 583 housing units received a foreclosure filing last month.
Foreclosures decline again for August sale Friday, July 15, 2011 @ 7:50PMshare: digg facebook twitter The dip in postings likely has more to do with caution by lenders than with real improvement in the economy or real estate market. “There's no logical reason to see why there would be a decline,” said George Roddy, president of Foreclosure Listing Service Inc. There's a reluctance by lenders to lower the axe. Across the country, foreclosure postings dropped in the ...
Will Housing Prices Fall 20 Percent in 2012? Friday, July 15, 2011 @ 12:25PMWhen will we reach bottom in the housing market? With lenders filing foreclosures more slowly and an excess inventory of homes, housing prices could fall another 20 percent next year, says one economist. Gary Shilling, one of the economists who predicted the subprime mortgage crisis, says the "depressing effect" of two to 2.5 million homes in excess inventory will push prices down.
Polk's foreclosure activity declines in June Friday, July 15, 2011 @ 6:01AMIn the first half of 2011, Florida had the nation's second-highest total filings.
Foreclosures Are Down. Why Isn't That Good News? Friday, July 15, 2011 @ 4:27AMForeclosures Are Down. Why Isn't That Good News?
Foreclosures slow down, but no end in sight Thursday, July 14, 2011 @ 11:12PMWhile some might view the delayed foreclosures as a blessing, allowing people to stay in their homes longer, others worry that a continued high inventory of distressed homes only drags out the effect on the real estate market.
Foreclosures are way down, but it's too early to get hopes up Thursday, July 14, 2011 @ 11:09PMNew home foreclosure cases in Monroe County have dropped by the hundreds, but not all industry insiders believe this means the housing crisis is easing.
Foreclosure filings drop 14%, but may not reflect good news Thursday, July 14, 2011 @ 10:48PMBulk of the declines are attributed to processing and procedural delays.
Louisiana foreclosures up, bucking national trend Thursday, July 14, 2011 @ 10:12PMMonica Hernandez / Eyewitness News NEW ORLEANS -- The national foreclosure rate is down, but that's not the case in Louisiana. According to RealtyTrac, a California-based real estate data company, Louisiana's foreclosures were up over 15 percent in the second quarter of 2011 compared with the same time period last year. "In the past year or so, they've increased dramatically," said Tim Giroir ...
Illinois home foreclosures up 4 percent in June Thursday, July 14, 2011 @ 6:00PMCHICAGO (AP) -- Illinois home foreclosure activity rose 4 percent in June compared to the previous month, but was down 25 percent from one year earlier. A report released Thursday by Irvine, Calif.-based
Economy not only culprit in foreclosure woes Monday, July 11, 2011 @ 7:06AMCould the number of foreclosures have peaked? Year-to-date figures indicate that locally they have slipped off since January. According to real estate tracking company RealtyTrac, Wexford County in January saw 52 foreclosures.
$22M spent overall on Florida series foreclosures Saturday, July 9, 2011 @ 5:00AMFlorida homebuyers spent $22 million on new local area foreclosures as Auction.com.
Chicago Has Most Foreclosed Homes Of Any City In America Friday, July 8, 2011 @ 4:47PMAlthough it never shared the notoriety of Miami, Los Angeles and Phoenix during America's foreclosure crisis, the Chicago area now has the nation's largest inventory of foreclosed homes because it is harder to unload troubled properties here than in most other metropolitan areas.
Foreclosed Home Stock Balloons Friday, July 8, 2011 @ 8:48AM(Chicago News Cooperative) — Although it never shared the notoriety of Miami, Los Angeles and Phoenix during America’s foreclosure crisis, the Chicago area now has the nation’s largest inventory of foreclosed homes because it is harder to unload troubled properties here than in most other metropolitan areas. The inventory data compiled by RealtyTrac, a California company [...]
Pennsylvania Housing Finance Authority ceases program to help homeowners facing foreclosure Thursday, July 7, 2011 @ 11:21PMThe termination of a state program closes an important safeguard against mortgage foreclosures.The state Housing Finance Authority recently ceased its Homeowners Emergency Mortgage Program, which provided short-term financing to troubled householders po
State ceases foreclosure program Thursday, July 7, 2011 @ 6:46PMThe termination of a state program closes an important safeguard against mortgage foreclosures.The Pennsylvania Housing Finance Authority recently ceased its Homeowners Emergency Mortgage Program, which provided short-term financing to troubled househol
Sell your house faster in a tough market Tuesday, July 5, 2011 @ 2:09PMIt's an extreme buyer's market -- and home values could fall another 5% by year-end. Here's how to meet the challenge faster, cheaper and better.
Why the housing crash remains a wreck Tuesday, July 5, 2011 @ 6:45AMForeclosures. Short Sales. Unemployment. Tight credit. Overbuilding. Those are but some of the reasons housing markets in many parts of the country remain stubbornly depressed, even while activity in other economic sectors has begun to rebound.
Legislators hope new laws slow Nevada foreclosures Saturday, July 2, 2011 @ 10:36AMCARSON CITY, Nev. (AP) — As overgrown yellow lawns and unlit windows dot vast suburban neighborhoods in Nevada, legislators hope new laws they passed this session will make a dent in a foreclosure crisis that is still hitting this desert state the hardest.
In foreclosure? Get in line Friday, July 1, 2011 @ 11:00PMOn a recent morning at the county courthouse here, retired Circuit Judge Wayne Cobb surveyed the hundreds of files stacked before him, each a foreclosure case waiting to be finalized, dismissed or delayed.
How to be Positive without being Pollyanna Thursday, June 30, 2011 @ 4:22PMRISMEDIA, July 1, 2011—It’s getting really crazy out there. We have officially seen the start of a race to the bottom among economists, statisticians and spokespeople who are all trying to win the award for Chicken Little of the Year.
Natalie Pace: Are You Staying Together For the Home? Wednesday, June 29, 2011 @ 11:35AMSome couples stay together for love, and others stay together for the kids. But today, with unemployment at 9.1% and real estate prices continuing to...
Home Sales Fall To 2011 Low Wednesday, June 29, 2011 @ 10:03AMWASHINGTON (AP) -- Fewer people bought previously occupied homes in May, lowering sales to their weakest point of the year. Home sales sank 3.8 percent last month to a seasonally adjusted annual rate of
IMF Urges U.S. Debt Ceiling Increase to Avoid ‘Severe Shock’ Wednesday, June 29, 2011 @ 9:52AMThe International Monetary Fund said today global markets will suffer if the U.S. Congress fails to approve an increase in the $14.3 trillion debt ceiling and cautioned about the risk of a downgrade in the country’s credit rating.
S&P: Las Vegas home prices on seven-month losing streak Tuesday, June 28, 2011 @ 10:56AMLas Vegas-area home prices fell again in April as high levels of foreclosures and unemployment continued to depress the market.
Case-Shiller Brings No Good News, More Bad News For Housing Tuesday, June 28, 2011 @ 10:40AMDespite what some thought was a bullish report, the latest Case-Shiller home price indices showed ho
Home Prices in U.S. Cities Fell 4% in April from Year Ago Tuesday, June 28, 2011 @ 8:54AMHome prices decreased in the year ended April by the most in 17 months, showing the housing market remains an obstacle for the U.S. recovery.
Why the housing crash remains a wreck Monday, June 27, 2011 @ 6:43AMForeclosures. Short Sales. Unemployment. Tight credit. Overbuilding. Those are but some of the reasons housing markets in many parts of the country remain stubbornly depressed, even while activity in other economic sectors has begun to rebound.
Foreclosure activity decreases in May Thursday, June 23, 2011 @ 10:42PMAfter accelerating earlier this year, the number of new foreclosed homes entering the housing market appears to have slowed yet again in and around the Tri-Cities.
Laws Tackling Nevada Foreclosures Coming Into Play Thursday, June 23, 2011 @ 4:08PMLegislators say they hope new laws taking effect this summer make a dent in Nevada's foreclosure crisis.
Housing recession looking like it will have two bottoms Wednesday, June 22, 2011 @ 11:40AMA year ago it was the million-dollar question: Will we have a double dip?
Home sales fall to 2011 low, few first-time buyers Wednesday, June 22, 2011 @ 4:18AMWASHINGTON — Fewer Americans purchased previously occupied homes in May, lowering sales to their weakest point of the year. Home sales sank 3.8 percent last month to a seasonally adjusted annual rate of 4.81 million homes, the National Association of Realtors said Tuesday.
Foreclosures decline from May 2010 Sunday, June 19, 2011 @ 5:21AMMINNEAPOLIS (AP) — The number of Minnesotans receiving foreclosure notices in May is down 11 percent from a year ago. Housing experts say delays in processing foreclosures helped hold down the number of homeowners in default.
Home Sales Probably Dropped to Year’s Low: U.S. Economy Preview Saturday, June 18, 2011 @ 11:53PMHome sales probably dropped in May to the lowest level of the year, while orders placed with factories climbed, showing housing remains a soft spot as other parts of the U.S. economy recover, economists said before reports this week.
Home sales, construction remain in slump Saturday, June 18, 2011 @ 6:31PMSarah Bingaman Schwartz of Riverside counts herself as lucky. She and her family moved to Riverside from Minneapolis in October when her husband landed a job here, she said.They were able to rent their house in Minnesota to a friend, rather than sell it at the bottom of the market, and lease another one here, Schwartz said. The couple is in no rush to purchase another home, but instead will let ...
St. Louis foreclosures dip again in May Thursday, June 16, 2011 @ 10:35AMForeclosure activity is down 18 percent, year to date.
Real Estate: Banks continue to control foreclosure inventory in Nevada, report shows Thursday, June 16, 2011 @ 10:34AMA look at the latest numbers for foreclosure-related activity in Washoe County from May. 447: The number of default notices issued, up 27 percent from April but down 23 percent from May 2010.
RealtyTrac: Bank Backlog, Not Recovery, Behind Drop In Foreclosures Thursday, June 16, 2011 @ 10:19AMThe number of delinquent mortgages fell in May to the lowest level since 2006, the result of a slowing housing market and delays in banks' foreclosure process.
Illinois home foreclosures up 5 percent in May Thursday, June 16, 2011 @ 10:13AMIllinois home foreclosure activity rose more than 5 percent in May compared to the previous month. A report released Thursday by Irvine, Calif.-based RealtyTrac shows Illinois with 10,574 foreclosure filings last month . Filings include default notices, auction-sale notices and bank repossessions. The filings represent one in every 500 housing units in the state. That rate is...
Foreclosures decline nationally in May, rise slightly in Illinois Thursday, June 16, 2011 @ 10:13AMThe number of homes entering foreclosure in the United States continues to decline. California-based RealtyTrac's monthly report of foreclosure filings shows that foreclosures fell during the month of May and are down 33 percent from the same period one year ago. But Illinois foreclosure activity increased in May, rising more than five percent compared to the previous month. Illinois posted 10 ...
RealtyTrac: Bay State Foreclosures Slide In May Thursday, June 16, 2011 @ 10:07AMMassachusetts foreclosure activity in May dropped more than 42 percent year-over-year, according to a new estimate from foreclosure listing firm RealtyTrac.
Experts: Drop In Foreclosures Doesn’t Tell Whole Story Thursday, June 16, 2011 @ 9:57AMForeclosures are at the lowest level since 2006, but that doesn't really tell the story.
Housing remains on shaky ground Saturday, June 11, 2011 @ 1:41PMHousing remains on shaky ground
Ga Housing Market Still Struggling Saturday, June 11, 2011 @ 6:03AMA new report from real-estate data firm CoreLogic finds 30 percent of Georgia mortgage holders owe more than their home is worth. It’s the latest set of disappointing numbers about Georgia’s housing market, though there are some bright spots. read more
Utah foreclosure crisis deepens Saturday, June 11, 2011 @ 12:21AMUtah foreclosure crisis deepens By TONY SEMERAd The Salt Lake Tribune Published Jun 11, 2011 02:07PM MDT South Jordan • Adam Schafer is absorbed with worry about losing his South Jordan home as he watches son Tommy push a talking Tonka truck across the living-room floor. “Hold on, little buddy,” the plastic toy chirps as the 2-year-old smiles. “Help is on the way.” But beyond unemployment checks ...
Market for luxury homes retains strength Friday, June 10, 2011 @ 1:40AMWEST CHESTER TWP. — A basketball court in the lower of four levels, a fully stocked bar for entertaining guests and potentially the first environmental certification are among the features of houses in this year’s Homearama.The one in 465 houses RealtyTrac says were in some stage of foreclosure in Butler County in April would be lucky to have the grass mowed.
Programs fall short of helping homeowners Thursday, June 9, 2011 @ 12:34AMThe Obama Administration's main program to keep distressed homeowners from falling into foreclosure has been aimed at those who took out subprime loans or other risky mortgages during the heady days of the housing boom. But these days, the primary cause of foreclosures is unemployment.
Emergency homeowner loans still available for Idahoans Monday, June 6, 2011 @ 11:59PMIHFA encouraging trouble homeowners to apply for mortgage assistance.
Goldman Sachs Sells Litton Mortgage Unit As Retail Mortgage Business Proves Troublesome Monday, June 6, 2011 @ 8:10PMEven the geniuses at Goldman Sachs have decided the retail mortgage business is more trouble than it's worth. The firm agreed to sell its mortgage servicing unit, Litton, to Ocwen Financial Corporation, according to a Sunday filing with the Securities and Exchange Commission . The deal marks the bank's exit from an industry that lately has been plagued by scandal and strained by a historic ...