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The sluggish winter sales activity resulted to the decline of median prices for existing and distressed condos for sale. Overall sales also plunged in February.

Foreclosures for sale and low-priced distressed properties are attracting rising number of investors. In the first week of March, mortgage applications surged.

Commercial foreclosures and distressed homes both contributed to the home building downturn in Denver. Home construction was up in 2010, but remained poor.

Foreclosure houses for sale are popular among the current crop of homebuyers, realtors reported. However, most of them are looking for a well-maintained house.

The number of new houses sold in the U.S. in November was less than what economists predicted. According to analysts, unemployment and the presence of listings of bank-owned homes affected the result.

Housing experts stated that there is a possibility that filings for bank foreclosures will rise again 2011. Most of them believe that the peak of the home industry crisis will occur during the year.