Foreclosures Record High

Median home price falls in SouthlandThe 3.7% drop in January in Southern California to $260,000 comes as cash-carrying bargain hunters buy distressed homes. Many observers expect the housing market to finally hit bottom this year. The Southland's housing market is flooded with cash-rich, bargain-hunting investors snapping up distressed homes and dragging down overall prices — but their presence also indicates the market could be ...Los Angeles Times - 30 minutes ago
Michigan real estate market could be on the mendCould this be one of the first signs that the real estate market in Michigan is coming back? According to the Daily Telegram, Lenawee County hit a record with 560 properties being noticed for a show cause hearing on tax foreclosures in 2011. The number was reduced to 408 by the time of the hearing last year but a record 78 properties ended up in foreclosure and put up for auction in July.NBC 24 Toledo - Feb 15 09:52am
Southern California Home Sales Flat in JanuaryLA JOLLA, Calif. (DQNews) -- The Southland housing market started 2012 with slightly higher sales and slightly lower prices despite record-low mortgage interest rates. Home sales skewed toward the lower price ranges, which is normal for January, as many traditional buyers retreated and investors snapped up homes at a record level, a real estate information service reported. A total of 14,523 new ...TheStreet.com - Feb 15 10:00am
County has record rate of foreclosuresForeclosures in Gila County declined sharply this year, but still account for 27 percent of property sales. Forced sales peaked in 2010 at 459, then dropped to 395 out of 1,120 property sales in 2011. That’s encouraging, except the share of foreclosures pursued to the bitter end — a forced sale — has actually increased. In 2010, 64 percent of foreclosures filed ended in the forced sale of the ...Payson Roundup - Feb 03 11:09am

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