Real Estate

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.

Buyers find distressed homes and regular dwellings in Pitkin County to their liking in February of this year. Sales were up in the region from last year.

Listings of foreclosure auctions in Phoenix continue to expand, with homes remaining unsold for extended periods of time. This resulted in more empty homes.

Lists of repossession properties and foreclosure numbers are rising in Calhoun County. Data showed that foreclosure numbers in the first three months are up.

House foreclosures for sale have become highly attractive assets for investors, analysts stated. They claimed that price declines have made them great deals.

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.

Freddie Mac foreclosure sales and sales of regular homes went up in Minnesota in the first two months. However, analysts claim that housing is still in crisis.

The foreclosure process in the U.S. had been deemed flawed by most analysts. Some have identified middlemen as the main problem in helping troubled homeowners.

Bank owned condominiums and foreclosures affected most people in Michigan, even police officials. The city of Detroit has launched a program to assist them.

Distressed foreclosed homes for sale and other residential properties in Georgia are to get more buyers soon. U.S. Army troops are moving to Fort Benning.

Foreclosure properties auctions and other residential property sellers sold fewer houses in March in Rockford. Year-over-year sales figures recorded a decline.

Repossession houses are still plenty in most South Carolina areas and are still being sold at heavily discounted rates. However, most people are still renting.

Foreclosure homes for sale numbers are still elevated in majority of U.S. markets. Analysts stated that this caused depression in the construction sector.

Government foreclosure homes for sale, new houses and commercial real estate are still experiencing low demand. Economists predict that the trend will continue.

Foreclosure short sales are still deemed too long by most parties, a survey has revealed. Majority of real estate agents believe that changes are needed.

What caused the housing boom of the 2000s? A number of researchers havesuggested that loose monetary policy during the first half of the 2000s was aprimary cause of the substantial run-up in house prices in many countries.However, using a common statistical approach, we find that monetary policywas not the main factor. That should not be surprising: Although low interestrates raise house prices, the increase in prices during the mid-2000s was muchlarger than the historical relationship between the two variables would suggest.Instead, we investigate further the link between the marked loosening in termsand standards for mortgage credit and the most rapid increases in house prices.This link provides some evidence for a story where credit provision and thedemand for housing fed on each other and helped spur the housing boom. Ourwork suggests a greater role for macroprudential regulation rather than monetarypolicy in managing asset price booms.- Jane Dokko, Brian M. Doyle, Michael T. Kiley, Jinill Kim,Shane Sherlund, Jae Sim and Skander Van Den Heuvel

REO bank owned and foreclosed properties are not as high in Nebraska as in other U.S. states. This allowed home sellers in the region to maintain prices.

Listings of distressed homes and foreclosures have remained elevated in Kentucky. This has resulted in more jobs lost in the construction sector of the region.

Massachusetts is expecting foreclosed home auctions to offer smaller inventory in the next months. Fewer homes are being seized, based on data released recently.

A new special overseer for repossession homes for sale will ensure foreclosure laws are being complied with. The move is an effort to curb any illegal practice.