2012 could be record year for short sales

2012 is on track to become a record year for short sales, according to a report from foreclosure data aggregator RealtyTrac. Sales of U.S. homes in the foreclosure process, typically short sales, rose 33 percent year over year, to 35,000, in January. A total of 32 states saw annual increases in short sales, and 12 …

Continue reading ‘2012 could be record year for short sales’ »

Realtors Exhibit Cautious Optimism for Housing’s Future

At the 2010 Realtors Conference & Expo in New Orleans last week, real estate professionals were cautiously optimistic about the current and future state of the industry. “The spike up and down in the housing market wasn’t normal, so we shouldn’t be measuring ourselves against it,” said Margaret Kelly, CEO of RE/MAX and panelist on …

Continue reading ‘Realtors Exhibit Cautious Optimism for Housing’s Future’ »

Record Number of Foreclosures Cancelled in California

The number of foreclosure sales that were cancelled in California hit an all-time record in June, according to a report released Tuesday by ForeclosureRadar, a locally based company that tracks every foreclosure in the state and provides daily auction updates. The company characterized foreclosure activity in the Golden State as “mixed” last month, with filings …

Continue reading ‘Record Number of Foreclosures Cancelled in California’ »