Foreclosures in the San Fernando Valley ballooned to a record level in the third quarter, pounding down prices but driving a huge jump in September sales, according to a report released today.
Foreclosures soared 203 percent from July through September compared to a year earlier, as 2,589 local families lost their homes in the market collapse, [...]
House prices in Britain will continue to plunge over the coming year as the economy deteriorates, two leading housing reports said Monday.
Average house prices will be 25 percent - or 50,000 pounds ($77,000) - cheaper by the end of 2009 than they were in the peak autumn 2007 market, the Centre for Economics and Business [...]
The American housing market, where the global economic crisis began, has not hit bottom.
Home prices across much of the country and in Utah are likely to fall through at least late 2009, economists say, and in some markets the trend could last even longer depending on the severity of the anticipated recession.
In hard-hit areas such [...]
Your “Miami condo auction draws low bids” article was both symptomatic and problematic. A developer holds an auction and now cries that he sold nine condos that he couldn’t sell prior to the auction for less than what they cost to build. This smacks of the real problem - greed coupled with over-inflated prices.
If someone [...]
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, [...]
Integrated Asset Services, LLC (IAS, www.iasreo.com), a leader in default management and residential collateral valuation, today released its IAS360 House Price Index for August 2008. The monthly report, which includes the most current and granular data available in the industry, showed a 0.2 % decline in house prices on a national level in August, and [...]
Short sales and foreclosures are having an impact on the local housing market as the median sales price dropped $20,000 in September.
The Northeast Florida Association of Realtors reports 772 home sales last month with $165,717 being the median price. That means half of the homes sold for more than that amount and the other half [...]
More Americans unexpectedly signed contracts in August to purchase previously owned homes as mounting foreclosures pushed down prices.
The index of pending home resales rose 7.4 percent, the most since October 2001, after falling 2.7 percent in July, the National Association of Realtors said today in Washington. The increase is the fourth so far this year.
“Vulture [...]
The Bush administration’s pledge to rescue ailing housing finance giants Fannie Mae and Freddie Mac raises anew questions about just when the nation’s dismal housing market will hit bottom.
Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson have suggested over the past year that an end is in sight. But with each prediction, things [...]
Nearly half of the 19,366 homes sold in the six-county region in August were foreclosures. Sales rose 9.1% from the previous August, but the median price dropped 34%, MDA DataQuick reports.