Archive for the ‘Foreclosed Homes’ tag
Foreclosed Home Sales Likely Driving Up U.S. Pending Home Sales
Economists say the second unexpected rebound in three months in the
U.S. pending home sales index is likely due to sales of
foreclosed homes. The June report from the National Association
of Realtors (NAR) defied expectations for a 1.0% decline and rebounded
5.3% in June, following the 4.9% loss of sales in May.
The bounce is better than the most optimistic forecasts
beforehand…
Just One Little House, but a Good Indicator of Foreclosed Properties Nationwide
We conducted an unscientific, teeny little survey of foreclosed houses
last week precisely one house but given the figures we quoted earlier
this week about the toll foreclosed homes are taking on cities,
neighborhoods, and individual neighbors we are willing to bet that what
we saw in Darien, Georgia can be extrapolated to portray hundreds of
thousands of foreclosed homes nationwide.
And what we see is how the policies of lenders and
their real estate agents are making the foreclosure situation worse than
it needs to be.