The housing market in the Atlanta area this past May has over 5,500 properties that are in default, auction, bank owned status, or some state of foreclosure, according to RealtyTrac, Inc., a California-based online data tracking service. The number of homes for sale on RealtyTrac is 4,181, with foreclosures increasing 2 percent in May over last month’s figures. The numbers indicate, however, a steep decline from the same time last year, of 53 percent versus May 2012.
Chicago Area Foreclosure Market Report
June 27, 2013 by
Foreclosures in the Chicago area this past May are showing a decrease in momentum, according to RealtyTrac, Inc., a California-based online data tracking service. 7,582 homes had a foreclosure or short sale related filing in May, dropping over 20 percent from the previous month of April and 49.7 percent from 2012 at the same time period.
Dallas Homes Remain on the Upswing
June 14, 2013 by
The uncertainty that existed in Dallas’ 2009 real estate market is finally starting to disappear. More and more sellers and buyers have regained their confidence, and are ready to enter the market again. Home values are reaching and surpassing pre-2007 figures, and market appears to growing steadily. Overall, the market tells us that now is a great time to buy.
Detroit’s Foreclosures: Will They Revive or Destroy the City?
June 12, 2013 by
Detroit has a national reputation as a leader in foreclosures – not a great thing for the real estate market. However, this doesn’t mean the city, or its huge potential market, are dead in the water. That will all depend on who buys these properties, when they buy them, and what gets left behind.
Phoenix Area Foreclosures Latest
June 12, 2013 by
According to Zillow, there are roughly 3,000 homes which are foreclosed or in pre-foreclosure. This high number, caused by years of financial hardship across markets and specifically in Arizona’s real estate market, give potential buyers a lot of options and a lot of power. Banks need buyers, and that can only work in the favor of future homeowners.
Memphis Investors Reach Out to International Investors
June 4, 2013 by
Savvy Memphis investors are reaching out to international investors with turnkey rentals. International investors have always been attracted to real estate investments in the U.S. Today, ultra low prices and mortgage rates along with the security that real estate offers make U.S. real estate more attractive than most other investment options.
Memphis Market Trends: Spring 2013
June 3, 2013 by
The current housing market situation in the Memphis area in shows an increase of 18 percent in sales for April 2013 as compared to April 2012 in total units according to the Memphis Area Association of Realtors data. Total inventory for the Memphis area, however, according to The Commercial Appeal, indicates that January 2008 inventory […]
The Good News: US Real Estate Has Bounced Back [infographic]
March 19, 2013 by
![The Good News: US Real Estate Has Bounced Back [infographic]](/wp-content/uploads/2012/07/11-150x150.jpg)
All we ever seem to hear is bad news about the US real estate market. Well, ActiveRain just did a survey of almost 2500 real estate pros, and the infographic below tells their story where the economic recovery is concerned. All in all, a rebounding market seems to be the good news for today.
Top Five Hottest Housing Markets For The Next Five Years
March 6, 2013 by
Housing markets across the country and slowly beginning to recover, leaving many to wonder where – if anywhere – we can expect to see a new housing boom. Today, we present the top five hottest housing markets to watch over the next five years.
Home Affordability on the Rise throughout the USA
February 26, 2013 by
Home affordability in the US is on an upward trend, as 74.9% of homes sold in the fourth quarter of 2012 were deemed affordable to families with a US median income of $65,000, up from the 74.1 percentage of the previous quarter. These are the findings of the latest National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI).
