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In Detroit, sales of properties in foreclosure auction listings are being held back by appraisal laws. Agents have complained that appraisals are too low.

The number of residential and land foreclosures is increasing in the rural towns of Massachusetts. According to reports, foreclosure rates are climbing higher in towns than in urban areas of the state.

Home foreclosures for sale numbers in the U.S. dropped to their lowest points in three years last February 2011. The drop from a year ago was over a quarter.

Real estate owned properties and foreclosures continue to affect the construction market of Albuquerque. The metro area lost around 2,000 jobs in the past year.

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The housing market is enjoying a boost from the huge demand for bank owned homes for rent and other rental properties. This softens the foreclosure crisis blow.

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.

Home foreclosures list continues to record higher numbers in most parts of the U.S. However, mortgage delinquency rates are starting to decline in most areas.

Sales of existing houses and bank owned rentals surged in most metro areas of Florida last year. The whole state also recorded higher sales in the existing residential property market in 2010.

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.

Bank foreclosures dipped in the region of Southeastern Massachusetts in February 2011. Analysts stated though, that it is still too early to expect a recovery.

Bank owned auctions and residential non-foreclosure sales recorded higher numbers in Albuquerque in January. However, prices of existing homes were down.

Bank owned REO and foreclosed property numbers jumped in Alabama in February 2011 compared with month-ago levels. The increase from January was more than 20%.

Foreclosure listing properties and non-foreclosed houses had become even more affordable in the U.S. However, not a lot of people are house shopping these days.

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Real estate owned properties and other foreclosures owned by non-local people are falling into disrepair in Michigan. A number of them can be found in Detroit.

Despite the low prices of bank owned REO homes in Texas, most areas of the state have higher number of renters than homebuyers. Demand for apartments in certain areas of the region rose in 2010.

The large volume of homes in bank owned property listings is causing major problems in the housing market. Other factors are also contributing to the situation.

Bank owned REO property hunters will get the best chances of securing a great deal in Atlanta. Analysts reported that the area is highly suitable to homebuyers.