News: Real Estate
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Real Estate Industry News, including SFR and Commercial Development
Henry County Illinois Residents May Be at Risk for Mine Subsidence
KEWANEE, Ill. -- The Illinois Mine Subsidence Insurance Fund (IMSIF) is expanding its consumer education campaign to make residents of Henry County aware of the possibility that their homes may be built over abandoned mines, which would make them at risk for possible mine subsidence. Mine subsidence occurs in an abandoned mine when a mine roof or pillar collapses, causing the ground above to sink or subside.
Elite Pacific Properties and Bondroff Realty International Merge
HONOLULU, Hawaii -- Elite Pacific Properties, a fast-growing boutique Oahu real estate firm specializing in mid- to high-end real estate, announced today that it has merged with Bondroff Realty International. Christine Bondroff, President of Bondroff Realty, has joined Elite Pacific Properties as Director of Business Development.
Foreclosure Deals reports that the Number of Foreclosures in August 2010 is Still Falling
MIAMI, Fla. -- Foreclosure Deals, an online leader in the foreclosed homes for sale listings and information industry, announced today that foreclosures increased by 4 percent nationwide during July and still have fallen in the month of August. The month's total of 325,225 homes represents a 10 percent decrease from foreclosure totals in June 2009, and indicate that the trend of rising bank repossessions is continuing well into the summer.
Kelly Mitchell Joins Hawaii's Elite Pacific Properties as Partner
HONOLULU, Hawaii -- Elite Pacific Properties, a fast-growing boutique Oahu real estate firm specializing in mid- to high-end real estate, added Kelly Mitchell as Partner on August 24, 2010. Mitchell, who ranks among Oahu's top 3 percent of real estate agents, is a nationally recognized social media enthusiast.
2010 Bank Repossessions Hit Record High, says Analysts at Foreclosure-Support.com
HOUSTON, Texas -- Foreclosure-Support, a market-leading source of foreclosed home listings and foreclosure market analysis, reported today that bank repossessions during the second quarter of 2010 topped out at 269,962 properties, the highest ever quarterly total since the foreclosure crisis began. The figure was up 5 percent from the previous quarter, and 38 percent from the second quarter of 2009.
Bank Foreclosures Sale says REO home filings up 38% in Past Year
LOS ANGELES, Calif. -- Bank Foreclosures Sale, an online leader in the bank owned homes listings and foreclosure information industry, announced today that bank foreclosures were up 5 percent in the second quarter of 2010. With 269,960 bank repossessions recorded, a new quarterly record was set for bank repossessions, which are up a staggering 38% from the second quarter of 2009.
Foreclosures Dip 5% in First Half of 2010, reports Foreclosure Listings Nationwide
MIAMI, Fla. -- Foreclosure Listings Nationwide, a leading provider of foreclosure listings and foreclosure investment information, announced a nationwide 5 percent decrease in foreclosure properties over the past six months. Much of the decrease occurred during the second quarter of 2010, when foreclosures fell 4 percent from the previous quarter and were up only 1 percent from the second quarter of 2009.
New Homesites in the Dallas-Fort Worth Market Coming from Sandlin Custom Homes
DALLAS, Texas -- Signs of a recovering market are becoming more evident. The number of homes and developed lots continues to decrease steadily. One of Dallas-Fort Worth's major homebuilders is doing what seemed impossible 18 month ago - rolling out an entire new phase in one of their most popular north Texas communities.
One Third of Home Sales in 2010/Q1 were Foreclosures, Claims New Report
MIAMI, Fla. -- Foreclosure Deals, an online leader in the foreclosed homes for sale listings and information industry, announced today that 31 percent of all residential properties sold in the first quarter of 2010 were foreclosure properties. Experts at the company believe the statistic shows that people are continuing to turn to the foreclosure market as a plentiful source of low cost homes.
Foreclosure Deals Reports U.S. Foreclosures Fall 9 Percent Nationwide During April 2010
MIAMI, Fla. -- Foreclosure Deals, a leader in providing listings of foreclosed homes for sale nationwide, reported today that foreclosure filings in April fell 9 percent from the previous month, and over 2 percent from April of 2009. The company also revealed that default notices, which mark the beginning of a new foreclosure, were down 12 percent from March and over 27 percent from the previous year, while bank repossessions of existing foreclosures hit a record high.