Foreclosures Drop 27%
March 15, 2011 by admin
Filed under foreclosures, new homes, Real Estate Articles
Image by Getty Images via @daylife
This is the biggest drop ever in history!
Meanwhile New home sales is driving much of the current home sales and helping to end the housing slump.
“Existing home sales produce some economic activity but it pales in comparison with new home sales,” said David Crowe, the chief economist for the national Association of Home Builders. “We calculate that for every 100,000 homes built, it creates 150,000 construction jobs but another 150,000 manufacturing jobs building refrigerators, furniture and other products.”
http://money.cnn.com/2011/03/10/real_estate/february_foreclosure_realtytrac/index.htm
More related Positive News
Top States With Rising Prices
March 26, 2010 by admin
Filed under Positive Real Estate
- Image via Wikipedia
Homegain.com ran a survey of real estate pros and asked them the Top 10 states where they think real estate think home prices will go up in the next 6months:
1. Texas (41%)
2. Massachusetts (38%)
3. California (37%)
4. Nevada (36%)
5. Idaho (31%)
6. Colorado (31%)
7. Alabama 25%
8. Tennessee (25%)
9. Arizona (23%)
10. Indiana (22%)
More related Positive News
U.S. Foreclosures Decreases 6%
June 11, 2009 by admin
Filed under Positive Real Estate
RealtyTrac, reports in its just released May 2009 U.S. Foreclosure Market Report that foreclosure filings-default notices, scheduled auctions and bank repossessions-were decrease by 6% from the previous month.
California posted a 4% decrease in foreclosure activity from the previous month.
Default notices, scheduled auctions and bank repossessions in Florida were all down from the previous month.
Related articles:
- Foreclosures Slow 6 Percent in May (abcnews.go.com)
- U.S.home foreclosures fall in May (thestar.com)
