Saturday, August 16, 2008

Bank reo - South Florida home prices drop 19.3% - Miami Herald

South Florida home prices drop 19.3% - Miami Herald
The median sales price for existing single-family homes in South Florida fell 19.3 percent to $310,100 in the second quarter compared to last year, according to a report released Thursday by the National Association of Realtors. The median condo

U.S. home prices fall, foreclosures rise - Inside Bay Area
Existing U.S. home sales fell to a 10-year low in the second quarter and the median price for a single-family house dropped 7.6 percent as the real estate recession deepened. The median tumbled to $206,500 from $223,500 a year earlier, the Chicago

Home foreclosure filings up 55 percent in July - Reuters
NEW YORK (Reuters) - U.S. foreclosure activity in July rose 55 percent from a year earlier as a slump in once-sizzling housing markets forced yet more borrowers to default on their mortgages, according to a monthly report. Foreclosure filings

Foreclosure Activity Increases 8 Percent in July According to - Forbes
IRVINE, Calif., Aug. 14 /PRNewswire/ -- RealtyTrac(R) (http://www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its July 2008 U.S. Foreclosure Market Report(TM), which shows foreclosure filings -- default

U.S. Foreclosures Rise 55%, Bank Seizures Reach High (Update2) - Bloomberg
Aug. 14 (Bloomberg) -- Banks repossessed almost three times as many U.S. homes in July as a year earlier and the number of properties at risk of foreclosure jumped 55 percent as falling prices made it harder to sell or refinance. Bank seizures rose

Foreclosures skyrocket - Hollister Free Lance
While the number of San Benito County homes entering the foreclosure process continues to inflate over already stunning figures, the area also has shown a hefty hike in bank repossessions after properties fail to sell at public auctions, according to

'Free markets' at work: Foreclosures +55%, bank seizures +184% - Bloggingstocks.com
The real estate market is collapsing fast. Why? People borrowed more money than they could repay so they could "buy" houses they could otherwise not afford. And the banks that pushed those loans now find themselves the miserable owners of those death

Foreclosure Numbers: Borrowers Not Getting Help They Need - CNBC
Despite all the programs to help troubled borrowers, the foreclosure numbers continue to rise and there’s trouble inside the numbers as well. RealtyTrac, the online foreclosure sale site, put out its monthly report today , and it shows foreclosure

Foreclosures continue upward trend - Providence Business News
BANK-OWNED PROPERTIES now amount to “approximately 17% of the inventory of existing homes for sale reported in June by the National Association of Realtors,” RealtyTrac CEO James J. Saccacio said today. IRVINE, Calif. – Compared with July 2007

Home prices dip 7.6% as foreclosures rise - Miami Herald
Median home prices fell in more than three-quarters of U.S. cities in the second quarter while bank repossessions of property almost tripled in July from a year earlier, the latest signs of the breadth of the housing-market decline, according to new

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