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U.S. Foreclosure activity decreasing in the west and on the rise in the midwest and east

This morning, RealtyTrac released their U.S. Foreclosure Market Report for April 2012 which shows that foreclosure filings (default notices, scheduled auctions and bank repossessions) we’re reported on 188,780 properties in the U.S. during the month, a 5 percent decrease from the previous month and a decrease of 14 percent from April 2011 and is [...]

What cities have had the best recovery of the real estate market?

Finally, after several years of writing depressing things about the real estate market and housing industry, I’m getting to write some positive things lately! Well, to keep the party going, today I have a list of 10 towns in the U.S. that are leading the U.S. in terms of a housing market recovery according to the “Top Turnaround Town Report” from REALTOR.com. Seven of the top ten markets are in Florida, but the number 1 turnaround town in the U.S. according to the report is Phoenix-Mesa, Arizona where the inventory of homes for sale has fallen almost 50 percent in the past year while prices increased almost 27 percent during the same period. [...]

Where are the best places to buy rental property?

Now that the real estate is showing signs of prices stabilizing in many parts of the country, investors are investing in rental property more and more. However, for many, the $64 question is “where should I invest”? Well, according to a survey of the “Best 100 U.S. Markets to Invest in Rental Property”, developed by [...]

The best places to invest in rental property

Las Vegas, Nevada is the best place in America to buy at rental property at this time according to the newly released “HomeVestors-Local Market Monitor Best Markets to Invest in Rental Property” report.  According to the report, approximately 14 percent of the single family homes in the U.S. are being operated as rental properties.

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U.S. Home Values Fall In 2nd Quarter; Negative Equity Declines Though

Dennis Norman

A report just issued by Zillow shows that home values in the United States continued to decline in the second quarter of 2010, with the Zillow Home Value Index falling 3.2 percent year-over-year and 0.6 percent from the first quarter to $182,500. The national rate of decline decelerated from the first quarter, [...]

Best Real Estate Markets in the U.S? Nine of Ten Zips are in California

Dennis Norman

Multiple Offers and Homes Selling for prices ABOVE list price? Is this a reprint of a post from 2005?

Nope. Believe it or not, this is exactly what was in a report released this morning by Zip Realty. The report is based upon home sales activity in the second quarter of this [...]

Mortgage Fraud Trend Down; Still $14 Billion in 2009 Losses

Dennis Norman

Worst Street In America for Mortgage Fraud is In Orlando (actually they have 5 of the top 10 streets)

According to the 2010 Mortgage Fraud Trends Report released by CoreLogic this week, fraud risk in the mortgage industry has declined by 25 percent since it peaked in the third quarter of 2007. [...]

Foreign Purchases of US Residential Real Estate Nearly Doubles

Dennis Norman

I may be getting desperate to find something good to write about with regard to the Housing Market, but nonetheless I found some good news today! According to a report titled “Foreign Investment in U.S. Real Estate” that was released recently by the National Association of REALTORS®, investment in residential real estate [...]

California Median Home Prices on The Rise – Sales Up Slightly

Dennis Norman

Home sales increased 2.5 percent in March in California compared with the same period a year ago, while the median price of an existing home rose 20.8 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

“The end of the federal tax credit on April 30 will remove some urgency from the [...]

Las Vegas, Cape Coral, Merced Foreclosure Rates Highest Among Major Metro Areas in 2009

Dennis Norman

Top 20 Cities Are From California, Florida, Nevada and Arizona; Utah, Illinois, Oregon, Idaho Cities Indicate Foreclosure Problem Is Spreading.

Today RealtyTrac® released its year-end 2009 Metropolitan Foreclosure Market Report which shows that cities in four Sun Belt states accounted for all top 20 foreclosure rates in 2009 among metro areas with a [...]

Some Housing Markets Getting Hot Again

Dennis Norman

Zip Realty’s “Home Hunter” Report for 4th quarter 2009 shows some housing markets heating up.

While some of the “hottest” real estate markets in the country — those where homes are selling most above their list prices — continue to be distressed areas dominated by heavily discounted prices, a report issued by [...]

Where are the best investments in California and Florida?

Dennis Norman

By: Dennis Norman

Today SmartZip, Inc. released it’s first release of the SmartZip Top 10 Markets™, a list of top-rated cities most likely to yield above-average investment returns over the next ten years.  The markets are hand-picked by SmartZip’s analysts in conjunction with local market experts. 

 

Presently SmartZip, which [...]