Bloomberg reports that with 3.9 million notices sent to homeowners in default in 2009, The U.S. has set a record for the second straight year. Foreclosure filings exceeded 300,000 for the ninth straight month in November.
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The National Association of Realtors announced that U.S. home sales surged in the month of October, spurred by a tax break set to expire at the end of the quarter.
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Mortgage loan delinquency rose for the 11th straight quarter in Q309, according to market research by credit bureau TransUnion.
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Join Charles “Chuck” Kohout, one of the most successful real estate investors in the Greater New York Metropolitan area, and become acquainted with four (4) quick turn real estate strategies that work in a down market with little money and no credit.
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The Wall Street Journal reports that a growing percentage of foreclosures in June came from the top tier of the local housing market.
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New home sales rose sharply in the Northeast in June over May, thanks in part to buyers hoping to move fast enough to take advantage of a federal tax credit.
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