The first snowy day in West Michigan means several things, including the home buying season is coming to a close.
Last month the Grand Rapids Association of Realtors released its latest numbers.
They reflect that banks are taking the worst hit.
The association is reporting 63% of all homes on the market are either short-sale, or in foreclosure.
The [...]

In Nevada, home foreclosures have jumped 137 percent compared to a year ago. While the situation in the heartland isn’t nearly as drastic, one bank is reaching out to homeowners in a financial crunch.
The troubling winds of the swinging and unsteady housing market are hitting retiree Pat Yutesler hard. “I’ve had my house on the [...]

More than one-third of all Twin Cities home sales closing in the third quarter involved lender-mediated or foreclosed properties, up from only 9 percent during the same period a year ago, according to a survey released Thursday by the Minneapolis Area Association of Realtors.
A lender-mediated sale, also known as a short sale, is the result [...]

A THREE-bedroom, one-bathroom house with basement: all yours for $1.
The 1923 bungalow is a little worse for wear and has some “fire damage”, says the agent, but if you ever want to get out of Detroit, as many people clearly do, it’s close to the airport and freeways.
The one-dollar house is no anomaly. Four others, [...]

September home sales increase in six Central Indiana counties. Boone County is the strongest market with a 41.9 percent increase in sales of single family homes and condominiums compared to a year ago. Year-to-date sales figures remain off an average of 11.1 percent in the Central Indiana market.

A 90-year-old Ohio woman, facing eviction from the home she has lived in for 38 years, shot and wounded herself this week, becoming a grim symbol of the U.S. home mortgage crisis.
Addie Polk was found lying on the floor of her home with what appeared to be a self-inflicted gunshot wound to her shoulder when [...]

The average four-bedroom home in Columbus might have a higher price tag than a similar home in other Ohio metropolitan areas, but a new survey from Coldwell Banker Real Estate LLC shows the cost sits well below the national average.
Coldwell Banker’s annual Home Price Comparison Index pegged the average cost of a four-bedroom, two-and-a-half bath [...]

Existing home sales in the Midwest tumbled 17 percent last month from July 2007, while the median price in the region inched up to more than $175,000, the National Association of Realtors said Monday.
In all 12 Midwestern cities tracked in The Associated Press-Re/Max Monthly Housing Report, also released Monday, sales fell by at least 10 [...]

Chicago-based NRC Realty Advisors Inc. will hold the largest new residential real estate auction in Michigan’s history. The 400-property auction Sept. 20-21 serves as a signal that the real estate market may be nearing the bottom. The properties include completed homes and lots; nine homes and 37 lots are available in Washtenaw and Livingston counties.”In [...]

Sheriff’s sales — a key indicator of the mortgage crisis — have ballooned more than sixfold since 2003 in 10 metro counties, and another wave is expected