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Short sales are a hot niche in the real estate market right now, with pre-foreclosure sales increasing 8 percent from Q1 2010 to Q2 2010, according to the latest RealtyTrac Foreclosure Sales Report . The report also shows that pre-foreclosure sales, which typically would represent short sales in today's...
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Banks' Plans for Foreclosed Homes Will Drive Market September 13, 2010, Wall Street Journal The speed at which house prices fall over the next few months could depend less on mortgage rates and Americans' appetite for home buying than on how banks decide to manage the huge number of foreclosed...
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Alt-A Delinquencies Fall For Second Straight Month - Fitch Associated Press, June 7, 2010 Delinquencies among alt-A residential mortgages packaged into residential mortgage-backed securities dropped in May — extending a decline that began a month earlier when the rate fell for the first time in...
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U.S. Banks' Foreclosure Holdings Increased 12.5% in Q1 DSNews, June 4, 2010 Foreclosed property held by U.S. banks increased 12.5 percent to $41.5 billion during the first quarter of this year, according to a recent analysis by SNL Financial, a financial market research firm out of Charlottesville...
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New Home Sales Jump 14.8 Percent in April May 26, 2010, Associated Press Sales of new homes posted another large gain in April as buyers rushed to sign contracts before government tax credits expired. The Commerce Department said Wednesday that sales of new single-family homes jumped 14.8 percent to...
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New Program to Speed 'Short' Sales March 14, 2010, Wall Street Journal Short sales are a valuable tool for struggling homeowners. But they've been notoriously difficult to complete, with buyers and sellers often playing a long waiting game before hearing back from lenders. Now, however, a...
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Spreading Foreclosures Still Concentrated in Sand States: RealtyTrac January 28, 2010, HousingWire The sand states, California, Florida, Nevada and Arizona, continue to lead foreclosures in metropolitan areas. However, other cities sheltered so far from high foreclosures, are beginning to creep up the...
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RE/MAX Adds RealtyTrac Foreclosure Listings to Site November 30, 2009, DSNews Denver-based RE/MAX International, Inc. and California’s RealtyTrac announced Monday that the two companies have partnered to offer homebuyers a single online portal to search more than a million foreclosed properties...
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Nearly 70 Percent of LV Homeowners ‘Underwater’ on Mortgage November 30, 2009, Las Vegas Sun Homeowners in the Las Vegas area continue to be punished by dropping prices, with the number underwater in their mortgages surpassing 319,000 or 69.5 percent. That's according to First American...
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Home Prices in 20 U.S. Cities Fell Less Than Forecast September 29, 2009, Bloomberg News Home values in 20 U.S. metropolitan areas declined less than forecast in the year ended in July, a sign the housing slump that led to the worst recession in seven decades is abating. The S&P/Case-Shiller home...