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Outer Suburbs Hard Hit by Declining Real Estate Prices and Foreclosure

Thursday, June 12th, 2008

The decline in home prices has been a much discussed topic in recent times. In metropolitan areas the effect of this fall is being felt acutely in neighbourhoods dominated by low income families or minorities. Areas in the outer suburbs have also been hard hit.

The situation is being attributed to the high number [...]

Foreclosures Rates Continue To Rise Unabated

Thursday, May 29th, 2008

As more and more foreclosures increase due to homeowners falling behind their mortgage deals, there leaves little to be written or left on account of mortgage payments. The number of filings is slow to be delivered, and the driving number of homes on foreclosure is rising by 65% more, compared to the same time [...]

Foreclosures Create Havoc In Florida

Wednesday, May 28th, 2008

As the real estate industry in Florida keep on hiking up with their giant rise in foreclosures, The Irvine, a California-based company, said that Florida had 35,264 properties involved in some kind of foreclosure related issues in April itself. This is also a rise of 16.6% since March and a height of 146% since a [...]

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