In September, there were a total of 8,280 resale homes recorded sold. Foreclosure activity represented 44 percent (3,655 transactions), while there were 4,625 traditional market transactions. Foreclosed transactions represent home owners losing their property to successful individual bidders or the lender of record.
In August 2008, the spilt was 3,295 foreclosed homes and 4,210 traditional transactions, [...]

San Francisco may be 3,000 miles from Wall Street, but the crisis that has engulfed the country’s biggest financial institutions is putting even more pressure on the Bay Area’s real estate market, making it increasingly difficult for home buyers to get credit.
Cheap credit played a dramatic role in fueling the housing boom of the late [...]

Property developers and financiers – including international companies that have invested heavily in everything from trophy office buildings to Brooklyn residential renovations – are being whiplashed by the spreading credit crisis, which has brought New York’s real estate market to a screeching halt.
Some are rushing to draw down credit lines before they are withdrawn, while [...]

Phillip Walker put his Jensen Beach home in Florida on the market 13 months ago.
He finally got an offer this week, and he jumped at it. But he’s not jumping for joy… That’s because he’ll have to settle for $95,000 less than what he originally priced the house.
“About every other week a new [...]

Like Wall Street, the real estate industry is feeling the painful effects of loose lending practices and bad mortgage loans. Now, more than ever, prospective home buyers and sellers should be aware of what’s happening with the housing market — and where it’s headed — in order to make smart decisions. HGTV shares these top [...]

Move over, Henry Paulson. Coldwell Banker Real Estate has announced a “bold initiative to bring home buyers and sellers together and help jump-start the U.S. real estate market.”
According to a news release, Coldwell Banker is launching a national 10-Day Sales Event starting on Friday, although the details (at least to the Scope’s untrained eye) appear [...]

Author of The WAHM Agent explains why the current real estate market is the perfect time for moms who wish to work in the real estate industry to become licensed and build a successful real estate business.

THE weekend after the AFL Grand Final is typically a bumper one for the real estate market – and agents say they expect no less, despite a week plagued by share price turmoil and interest rate uncertainty.
Real Estate Institute of Victoria chief executive Enzo Raimondo said there was no indication the financial volatility has scared [...]

As the outlook of Fort Worth’s residential real estate market continues to become clearer, some developers are re-examining their mixed-use development projects – and their high-dollar condominium facets – in an effort to correct with the market.
And for developers of West 7th project, that meant scraping the condos and replacing them with a better performing [...]

South Florida may have dodged some of the recent hurricanes, but it is still experiencing turbulence, especially in the condo market. Has it hit bottom yet? Peter Fitzgerald, COO of the The RADCO Cos., talks about what’s in the sector’s forecast.
Where does South Florida’s condominium market stand right now? Have you seen any recovery, or [...]