In a chilled housing market, bursting over with excess inventory, more buyers are attending bank-owned foreclosure auctions to find deals. Eager to move these properties off their books, banks often sell these homes through auction at heavily discounted prices. America’s leading real estate auction firm, Hudson & Marshall, will auction nearly 100 homes in the [...]

There’s finally some good news on the residential real estate market: July’s pending home sales are up 6.2 percent from the same month a year earlier – the first time in two and a half years that housing statistics have posted a year-over-year increase.
But there’s an important proviso behind the new numbers, announced Tuesday morning. [...]

We have all heard the tales of woe in the housing market. But for those who make their living in the world of buying and selling the aches and pains are even more acute.
“I sold a house a week ago for 30 thousand dollars,” Coldwell Banker Burnett realtor Faith McGown said. “That’s the lowest ever [...]