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“For the 22 business days ending April 12 – freshest numbers from DataQuick — our region-by-region analysis of local real estate trends finds Orange County homebuying slicing up by geography this way …”
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‚ÄúThere’s no hotter market in Orange County right now than foreclosed properties. But if you’re an investor, there’s a lot that can go wrong at the auction. And, sometimes surprisingly, things can go very, very well.‚Äù Click here for full article.
“The latest Orange County home inventory report from local broker Steve Thomas — data as of April 28 — says … Demand, the number of new pending sales over the past month, decreased by 5% over the past month, shedding 169 pending sales and now totals 3,189.” Click here for full article.
“Shelby Webb, 22, rented her first apartment three weeks ago in Chattanooga, Tennessee, after landing a job translating ads for a Spanish-language newspaper. Now, she’s paying monthly bills for electricity, cable television and natural gas for the first time and has bought new pillows from Wal-Mart Stores Inc.”
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‚ÄúA look at stories across HousingWire’s weekend desk, with more coverage to come on bigger issues: Many U.S. stocks opened higher Monday morning, as the markets and the world react to the death of Osama bin Laden.‚Äù
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‚Äú(Reuters) – Pending sales of existing U.S. homes were much stronger than expected in March and a homebuilding company trimmed losses, offering faint glimmers of hope for the depressed U.S. housing market.‚Äù
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‚Äú(Reuters) – Federal Reserve Governor Elizabeth Duke told a community affairs conference in Arlington, Virginia, that the central bank wants to help cities suffering from an excess of foreclosed and vacant properties.‚Äù Click here for full article.
“The U.S. real estate market might still be a mess, but in other parts of the world home prices are getting downright frothy. These countries saw the greatest jump in housing prices during the past year.”
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‚ÄúSome judges are skeptical of claims by lenders that they have substantially improved their foreclosure procedures since controversy over the practices exploded last fall. F. Dana Winslow, a N.Y. State Supreme Court Justice in Long Island’s Nassau County, said there has been only “a marginal improvement in what is being submitted to the court.” Click here for full article.
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