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Sales of bank owned residential properties are expected to rise in 2011 as more foreclosures happened in Springfield in 2010. Foreclosures were up by over 18%.

New houses held their own against residential foreclosures and tax lien sales in Texas in 2010. Housing starts actually rose in some parts of the state during the year despite high foreclosure levels.

Bank owned residential property sales declined in certain areas of California in February of this year. Prices of homes also dropped year-over-year in February.

Oversupply of foreclosure homes has created serious problems for the U.S. home market. The administration has proposed a plan meant to address these problems.

The number of REO homes, foreclosed dwellings, and distressed residential properties is expected to decline in Allen County in 2011. The prediction signals an improvement in the market, analysts stated.