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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.

There were fewer people who buy bank owned homes and other types of residential properties in November in California. This resulted in the decline of housing prices by over 10% compared with the same month of last year.

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 repossessions and foreclosures in Tennessee hammered the house construction market last year. Values of home building contracts declined in 2010.