Foreclosure Homes for Sale Continue to Hammer U.S. Residential Prices
The latest Standard & Poor's/Case-Shiller report showed that an oversupply of foreclosure homes for sale in the U.S. is still hurting prices of residential properties all around the country. The report covered 20 of the major cities of the U.S. and revealed that majority of them continue to experience tumbling prices.
Continue Reading: Foreclosure Homes for Sale Continue to Hammer U.S. Residential PricesVacant Non-Foreclosed and Foreclosed Houses Estimated at Over 3M
The number of vacant foreclosed houses and empty non-foreclosed homes has been estimated to be over three million. According to a report by Goldman Sachs, residential vacancy in the U.S. is way above normal seasonal figures. However, housing formation is showing signs of increasing, albeit at a very slow pace.
Continue Reading: Vacant Non-Foreclosed and Foreclosed Houses Estimated at Over 3MChanges in Processing Bank Foreclosed Homes Set to Cost Lenders a Lot
The processing of bank foreclosed homes in the U.S. is set for a major revamp. Recent reports revealed that banks have been given until the middle of June 2011 by regulators to develop plans that will polish their foreclosure procedures and mortgage servicing processes, while an additional two months were provided to implement these plans.
Continue Reading: Changes in Processing Bank Foreclosed Homes Set to Cost Lenders a LotUnemployment and Foreclosure Homes Hindering U.S. Economic Recovery
Reports revealed that U.S. Federal Reserve Chief Ben Bernanke have cited the oversupply of foreclosure homes and the high number of jobless people as the main factors hindering U.S. recovery. Bernanke reportedly mentioned these factors during a speech delivered in Arlington, Virginia. The Fed Chairman also reportedly claimed that the nation's economy is currently experiencing a moderate recovery, but is still far from the level where it [...]
Continue Reading: Unemployment and Foreclosure Homes Hindering U.S. Economic RecoveryTerms for Owners Under Nationwide Foreclosure Listings Still Unclear
U.S. state attorneys general have yet to form a consensus with regards to compensation for homeowners whose properties are under nationwide foreclosure listings. According to reports, AGs are yet to agree on how much should be asked from banks regarding the monetary settlement that will supposedly finance principal reductions for troubled borrowers.
Continue Reading: Terms for Owners Under Nationwide Foreclosure Listings Still UnclearHome Foreclosures Still Dragging Housing Market Down
The massive amount of home foreclosures that are currently in the market continue to pull the U.S. residential industry down, experts have claimed. However, they did say that signs of life have started to appear at the high-end part of the market and among the lowest-priced home segment. The middle-priced segment however, remains mired in crisis, analysts further added.
Continue Reading: Home Foreclosures Still Dragging Housing Market DownRising Foreclosure Homes for Sale Prompted Judges to Take Steps
The rise in the number of foreclosure homes for sale overwhelmed a lot of courts in the U.S. Last year, the housing industry's attention was diverted to the controversial robo-signing practices allegedly used by banks to speed up the foreclosure process. The issue prompted a number of judges to take certain steps to guard against faulty paperwork in foreclosure actions.
Continue Reading: Rising Foreclosure Homes for Sale Prompted Judges to Take StepsHome Foreclosures for Sale to Face Competition from New Homes in Spring
Despite the high number of home foreclosures for sale that are currently in the market right now, homebuilders in the U.S. were able to up their construction activities during the month of March 2011. Housing construction increased in the country, with analysts claiming that the increase in activity was a response to the anticipated growth in home buying activities in spring.
Continue Reading: Home Foreclosures for Sale to Face Competition from New Homes in SpringBudget Cuts Expected to Result in More Bank Foreclosures
Housing advocates in the U.S. have argued that the decision of legislators in the country to slash the budget for housing counseling will result in more bank foreclosures flooding the market in the coming year. According to advocates, agencies offering counseling to troubled homeowners will be forced to lay off employees; a move that is expected to aggravate the foreclosure crisis.
Continue Reading: Budget Cuts Expected to Result in More Bank ForeclosuresForeclosure Listings Changed Population Movement in the U.S.
U.S. demographers have reported that the housing market crisis that saw massive increases in foreclosure listings in various areas of the country altered the movement of population in the country. Over the past ten years, census data showed that majority have moved to the West and South, with the Midwest and Northeast regions welcoming a smaller portion of the population.
Continue Reading: Foreclosure Listings Changed Population Movement in the U.S.About Us
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