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Total number of foreclosed and repossessed houses recorded in some areas of Texas declined in January when compared with the previous month. In some markets, the decrease was as high as over 30%.

Bank owned land and other cheap pieces of undeveloped real estate are gaining the interest of investors. In Minnesota, a farmland was bought by a REIT recently.

Bank owned repos depressing residential values are not the only problem for U.S. households. Housing costs are also taking a huge percentage of their income.

Relocation of residents is already starting in Jersey City as the area undergoes revitalization. The area received a grant from the U.S. federal government.

A number of homeowners insurance companies in the U.S. are making adjustments to cope with increased relocations among policy holders. One such company is American Integrity Insurance which introduced a new policy for Florida holders.