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Foreclosure Home Sales and Falling Prices
About Real Estate Market - Although nationally, home sales are still on the soft side, new data shows an uptick in several of the areas — including Fort Myers, Fla.; Las Vegas; Sacramento, Calif.; and inner-city Detroit hit hardest by foreclosures and falling prices.
Americans generally remain wary of further declines in residential prices, but the data from these areas suggest buyers are finding the bargains too enticing to pass up.
DataQuick Information Systems calculates that sales of single-family homes in California's Sacramento County totaled 1,669 last month, a 41-percent jump from a year earlier as the median sales price fell 34 percent to $226,250.
Meanwhile, the Greater Las Vegas Association of REALTORS® reports that properties being sold by lenders account for more than 50 percent of recent sales.
Hipotecas Prestamos May 27, 2008 06:36 PM