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Florida led the nation in completed foreclosures in February and was second highest in the percentage of distressed properties in the U.S. A total of 117,564 foreclosures were completed in Florida during the 12-month period that ended in February,
After the U.S. housing market crashed and the economy spiraled into financial crisis, there were a lot of economists and analysts who warned that the massive "shadow inventory" of homes would keep prices depressed for an extended period of time. The "
While its numbers are going down, Florida once again has a greater percentage of distressed homes than anywhere else in the nation. The state's foreclosure inventory properties in some stage of foreclosure stood at 6.6 percent of all mortgaged homes
It's Halloween season the perfect time for housing-market bogeymen to spook Southern Nevada's real estate sector. California research firm RealtyTrac has quantified just how many local foreclosures are empty, and the company uses monster themes to
Lenders completed fewer foreclosures nationwide in May, but the rate of defaults continue to top recent years and the amount of distressed residences remains dangerously high, a new report shows. Mortgage bankers repossessed 52,000 delinquent U.S.
If there is one sector of our economy that must lead us to a stable recovery, it is the real estate market. The Great Recession wreaked havoc with the housing market, hitting some areas harder than others, while destroying the net worth of
The scarcity of homes for sales has led to a seller's market in San Diego County, but is there a so-called shadow inventory of homes that could soon flood the market? After realtor Arnie Levine put this three-bedroom home in Mira Mesa on the market,
But with home prices rising sharply in recent months and the supply of homes for sale near record lows, the shadow appears to be lifting. In particular, the idea that banks are sitting on thousands of foreclosed homes and artificially inflating
More than 56,000 homes in Palm Beach and Broward counties make up a so-called shadow inventory properties in some stage of foreclosure that have yet to hit the market, according to RealtyTrac Inc. That's an increase of 55 percent from a year ago and
The U.S. home resale market seems to be running low on houses. The National Association of Realtors reported Thursday that there were 1.74 million homes listed for sale but not yet sold in the United States in January the lowest in 13 years. Based on