Friday, August 15, 2008

Reo tapes - 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 www.bankreopropertydeals.com

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 www.bankreopropertydeals.com

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 www.bankreopropertydeals.com

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 www.bankreopropertydeals.com

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 www.bankreopropertydeals.com

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