Foreclosure activity hits 40-month low in April
May 12, 2011
california real estate, default, foreclosure, notice of default, palm springs real estate, rancho mirage, real estate market, reo, short sale, trends0 Comment
U.S. foreclosure filings on U.S. properties fell 34 percent year-over-year in April, according to a report from foreclosure data site RealtyTrac. One in every 593 housing units, or 219,258 properties, received a foreclosure filing — default notice, scheduled auction, or bank re
Continue Reading →Existing Home Sales Rise 8.3% in Q1 2011
May 10, 2011
california real estate, existing homes sales, home sales, home value index, market conditions, market trends, real estate marketExisting-home sales rose 8.3 percent in the first quarter compared to fourth-quarter 2010, according to a report from the National Association of Realtors. Sales remained nearly flat year-over-year, dipping 0.8 percent to a seasonally adjusted annual rate of 5.14 million. Also in the
Continue Reading →Cheaper to buy than rent in 78% of major cities
May 10, 2011
It is cheaper to buy a home than to rent one in 39 of the nation’s 50 largest cities, according to a quarterly report released today by real estate search and marketing site Trulia. Trulia’s rent vs. buy index compared the median list price with the median rent on two-bedr
Continue Reading →Prices Fall in 19 of 20 Case-Shiller Metro Areas
Half of the 20 major metro markets tracked by a Standard & Poor’s/Case-Shiller Home Price index hit new lows for the downturn in February, and the 20-city composite index is “within a hair’s breadth of a double dip,” Standard & Poor’s said in rele
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