By Mike Colpitts Foreclosure activity declined 25% in the nation’s most populated state, California from one year ago in July, but the Golden State holds the distinction of having more foreclosures than any other. In fact the two highest foreclosure states, which are California and Arizona, are down in foreclosure filings. Nevada, which had been… Continue reading Declining Foreclosures Bring Better Times
Category: Florida
Florida housing market
Formal Foreclosures Fall 21 Straight Months
By Mike Colpitts Formal foreclosures fell for the 21st straight month in July as repossessions on U.S. residential properties ran into additional snags. Lenders completed 53,654 foreclosures during the month, a 1% fall from June and a 21% drop from a year ago, according to RealtyTrac. Bank owned REO activity also fell on an annualized… Continue reading Formal Foreclosures Fall 21 Straight Months
Higher Home Values Forecast in 85 Cities
As the recovery of the U.S. housing market gains traction, higher home values are forecast to develop by the end of 2012 in 85 cities, according to Housing Predictor analysts. The upturn in home prices is especially evident in many of the hardest hit states. The growing trend of home price inflation is developing strongly… Continue reading Higher Home Values Forecast in 85 Cities
Olympic Foreclosure May Aid Others
By Mike Colpitts Olympic gold medal swimmer Ryan Lochte’s parents are facing foreclosure on their Florida home. But in this day an age of modern technology, some good may come out of it with a real estate website that is offering free help to other homeowners in the same situation. The website, Real Estate Investing… Continue reading Olympic Foreclosure May Aid Others
Olympic Foreclosure May Aid Others
By Mike Colpitts Olympic gold medal swimmer Ryan Lochte’s parents are facing foreclosure on their Florida home. But in this day an age of modern technology, some good may come out of it with a real estate website that is offering free help to other homeowners in the same situation. The website, Real Estate Investing… Continue reading Olympic Foreclosure May Aid Others
Condo Closes at Record $24.6 Million
A combination of condo units at the St. Regis Bal Harbour condominium development in Miami Beach, Florida has sold to set a record $24.6-million sales prices. It’s the largest transaction to close at the luxury development, which opened just this last January and the second largest deal in Miami history. Considered as one-unit, the deal… Continue reading Condo Closes at Record $24.6 Million
Midwest Home Sales Outperform
By Mike Colpitts The Midwest section of the U.S. is outperforming the rest of the nation when it comes to home sales as the country’s heartland recovers from the real estate downturn at a healthier pace than any other region. The slow progress most areas of the country are making in the dog days of… Continue reading Midwest Home Sales Outperform
Mexican Drug Money Fuels Cash Purchases
By Mike Colpitts Mexican drug cartels have slowly moved money out of banks and other hiding places and into U.S. real estate investments. Federal investigators are hunting for people investing billions of dollars of drug money in the U.S. real estate market, including huge sums of cash in Florida, Texas and California. Cash purchases fuel… Continue reading Mexican Drug Money Fuels Cash Purchases
Summer Home Sales Decline
By Ryan Jackson Despite record low mortgage rates and the lowest home prices in years, existing home sales disappointingly fell for the second straight month in June as consumers remain skittish about the U.S. economy to a seasonally adjusted rate of 4.37 million units. The usually busy summer selling season has gotten off to a… Continue reading Summer Home Sales Decline
Foreign Real Estate Buyers Drive Recovery
By Mike Colpitts Cash flush foreign real estate buyers are driving the U.S. housing market into a recovery, producing $82.5 billion in sales in the last year alone. International residential sales are gaining momentum and are divided between recent U.S. immigrants and non-resident foreigners who are buying a piece of America at deep discounts. Low… Continue reading Foreign Real Estate Buyers Drive Recovery