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Services for Real Estate Pros - ForeclosureDeals

ARCHIVED BLOG POSTS

2010 

Repo homes for sale soared in number last year in the Hampton Roads area, a metro area that includes the cities of Newport News, Virginia Beach, Norfolk, Portsmouth, Suffolk and Hampton. The area is known for its harbor, shipyards, waterfront properties, beaches and U.S. military facilities. Acco...
02/08/2010
House foreclosures for sale in Jackson, Tennessee drove down home prices in the area in 2009, based on data from the Central West Tennessee Multiple Listing Service and local realtors. The average home price in the area dropped in 2009 to $123,057, compared to the average home price of $137,706 i...
02/07/2010
Foreclosure homes for sale in Las Vegas this year will be absorbed by the market because of continued demand from real estate investors, according to Dennis Smith, head of Home Builders Research. Smith contended that the pace of Las Vegas foreclosures this year will not step up as fast as last ye...
02/07/2010
The number of distressed property owners is still surging in San Luis Obispo County, California, based on data from a real estate research company based in San Diego. In the last quarter of 2009, the number of homeowners in default soared by 41 percent to 436 households, compared to 309 in 2008. ...
02/05/2010
The number of pre foreclosed homes in the Chicago metro area soared by 10.2 percent to over 70,000 in 2009, according to data from the Woodstock Institute. The institute said that more homeowners in the metro area defaulted on their home loans during the fourth quarter last year than in any other...
02/05/2010
Properties for rent in Tampa, Florida will still face rental and occupancy challenges in 2010 despite expected declines in rental inventory because of continuing job losses, according to analysts working for Marcus & Millichap. The analysts predicted that apartment rents in Tampa will drop furthe...
02/05/2010
Illinois foreclosures pushed down the median home sales price statewide by 14.6 percent in 2009, based on data from the Illinois Association of Realtors. In Will County, the median price dropped by nine percent to $165,001 in 2009 from $181,250 in 2008. Total home sales, meanwhile, rose by 19 per...
02/04/2010
Rockford foreclosures drove down home prices by up to 43 percent in 2009 as job losses in the area continued to push more homes into foreclosure. There were more unemployed people in Rockford than any other city in Illinois in 2009. The jobless rate hit 16 percent in December, far above the natio...
02/04/2010
Lists of foreclosures in South Florida, although still growing, are showing weakened impact on housing starts, based on a report released recently by residential consulting firm MetroStudy. Last year, in the fourth quarter, some home builders have finally come out of their long hibernation and st...
02/04/2010
Bank foreclosures are expected to continue rising in part because of the increasing number of homeowners prioritizing the payment of their credit cards over their home loans, according to a recent study released by Chicago-based research firm TransUnion. The trend of prioritizing credit cards was...
02/04/2010
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