Foreclosed Homes Sell at 27% Discount as Supply Grows
Foreclosed Homes Sell at 27% Discount as Supply Grows
June 30, 2010 — Bloomberg
Homes in the foreclosure process sold at an average 27 percent discount in the first quarter as almost a third of all U.S. transactions involved properties in some stage of mortgage distress, according to RealtyTrac Inc.
Discount on Ohio’s foreclosed homes 40%
June 30, 2010 — Columbus Dispatch
Ohio offers the best deals on foreclosed homes in the nation, a report out today concludes.
As program ends, market needs help elsewhere
June 30, 2010 — Chicago Sun Times
The end of a federal tax credit program credited with boosting home sales will likely slow the market short-term, but the door won't be shut on its recovery if job creation continues, experts say.
U.S. House Extends Closing Deadline for Homebuyer Tax Credit
June 29, 2010 — Bloomberg
The U.S. House of Representatives voted to give homebuyers who qualified for a federal tax credit more time to settle on their pending purchases.
Home prices in April rise 0.8%
June 30, 2010 — Associated Press
NEW YORK — Home prices in April rose for the first time in seven months as government tax credits bolstered the housing market. But the rebound may be short-lived now that the incentives have expired.