2 Articles match "2006","Bank Owned","MLS"

The Latest from RealtyTrac MORE
As Home Prices Plummet, When Will You Buy?
percent from their peak in July 2006. "There quot; And while modest appreciation could resume in late 2009, prices won't be back to their 2006 peak until at least 2016, possibly as late as 2020 in some markets, according to Shulman. (More If renters see little incentive to rent rather than owning a house, they will start buying. Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the S&P/Case-Shiller Home Price Index released today.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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Short sales rising
Scanning the Southern California Multiple Listing Service (MLS) last week, the one thing that stands out is the growing number of short sales. Last year, you rarely saw the phrase “short sale” in the MLS property description. If a short sale doesn’t work, it eventually becomes a bank-owned foreclosure. Today, approximately 10 percent of the listed properties are short sales. That indicates lenders are getting more eager to unload properties in foreclosure, even if it means selling them for less than is owed on the mortgage.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • The Best from RealtyTrac MORE
  • Short sales rising
    Scanning the Southern California Multiple Listing Service (MLS) last week, the one thing that stands out is the growing number of short sales. Last year, you rarely saw the phrase “short sale” in the MLS property description. If a short sale doesn’t work, it eventually becomes a bank-owned foreclosure. Today, approximately 10 percent of the listed properties are short sales. That indicates lenders are getting more eager to unload properties in foreclosure, even if it means selling them for less than is owed on the mortgage.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • As Home Prices Plummet, When Will You Buy?
    percent from their peak in July 2006. "There quot; And while modest appreciation could resume in late 2009, prices won't be back to their 2006 peak until at least 2016, possibly as late as 2020 in some markets, according to Shulman. (More If renters see little incentive to rent rather than owning a house, they will start buying. Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the S&P/Case-Shiller Home Price Index released today.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE