U.S. Houses for Sale Market Posted Positive Numbers in March
A higher number of houses for sale got picked up by buyers during March 2011. Residential construction activities also improved for the month, but real estate analysts have stated that the increase in both sales and construction activities were not enough to compensate for the losses in sales and homebuilding recorded during February 2011.
Continue Reading: U.S. Houses for Sale Market Posted Positive Numbers in MarchBank Foreclosure Settlement Worries U.S. States
After weeks of speculation, U.S. federal regulators finally announced the bank foreclosure settlement with major lenders in the country. The agreement though, has caused concerns among attorneys general (AG) in various states as they assert that it will decrease the power of states to demand for loan balance reductions that they believe will help troubled borrowers save their properties.
Continue Reading: Bank Foreclosure Settlement Worries U.S. StatesImpact of Foreclosures Easing in Certain U.S. Metro Areas
The housing crisis, which saw massive increases in foreclosures, hit almost all major metro regions of the U.S. With residential prices continuing to decline, most markets are unable to recover and are still considered at the peak of the industry crisis. Some analysts however, have reported that several metropolitan regions are starting to bottom out and will likely speed ahead of others towards recovery.
Continue Reading: Impact of Foreclosures Easing in Certain U.S. Metro AreasExpected Rise in Sales of Regular Homes and Bank Foreclosed Properties
Sales of non-foreclosed houses and bank foreclosed properties are likely to increase in the coming months in the U.S., according to housing market analysts. The prediction was based on the recent Mortgage Bankers Association report which showed that applications for purchase have risen in the country during the week ended April 1, 2011.
Continue Reading: Expected Rise in Sales of Regular Homes and Bank Foreclosed PropertiesAlleged Faulty Processing of Homes Foreclosures for Sale Still an Issue
Several banks and mortgage service companies were criticized last year for alleged faulty processing of homes foreclosures for sale. The controversy prompted an investigation led by the attorneys general of almost all U.S. states, with reports hinting that the AGs are trying to formulate sanctions against lenders for documentation procedure errors.
Continue Reading: Alleged Faulty Processing of Homes Foreclosures for Sale Still an IssueAGs and Banks Try to Reach an Agreement Concerning Foreclosure Listing
Attorneys general in various U.S. states are trying to formulate an agreement with banks concerning improvements in processing properties entering a foreclosure listing. According to some lending market critics, banks have been foreclosing on properties even when there is a chance to modify mortgages. For those who are willing to modify, critics alleged that some have proven to be incompetent in doing the process right.
Continue Reading: AGs and Banks Try to Reach an Agreement Concerning Foreclosure ListingForeclosed Houses Projected to Impact Prices Again in Western U.S.
The impact of foreclosed houses and distressed properties on housing prices is showing no sign of abating. According to housing industry experts, the residential markets in the western part of the U.S. are in for another decline, with some experts predicting that the region might be facing a double dip.
Continue Reading: Foreclosed Houses Projected to Impact Prices Again in Western U.S.Homes in Foreclosure for Sale Were Hot Commodities in February
Nationwide, February 2011 was not a good time for home sellers as sales plummeted in almost all regions and in all categories, except among homes priced below $200,000; a big percentage of which are comprised by homes in foreclosure for sale. Analysts claimed that this trend made it even harder for mansions and luxury dwellings priced at least $750,000 to regain their share of the market.
Continue Reading: Homes in Foreclosure for Sale Were Hot Commodities in FebruaryOversupply of Foreclosure Homes for Sale Weighed Down Construction
The high number of foreclosure homes for sale in the U.S. is preventing homebuilders and the whole construction industry from gaining traction in the market. Data for February 2011 showed that residential construction activities have declined again, marking the third month in a row that home construction has dropped.
Continue Reading: Oversupply of Foreclosure Homes for Sale Weighed Down ConstructionHouse Foreclosures for Sale Are Now Great Investment Assets
House foreclosures for sale and other types of real estate have become some of the best investment assets in the U.S. in the past few months, according to real estate experts. They stated that the continuous decline in property prices have made real estate great deals for those who have the means to purchase them while selling rates are at an all time low.
Continue Reading: House Foreclosures for Sale Are Now Great Investment AssetsAbout Us
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