Relevant News In The Real Estate Industry

4-29-2008....RealtyTrac announced more bad news for the real estate market. Forelcosed homes are continuing to pile up. The first quarter rose 23% over the fourth quarter of 2007.

4-24-2008...New home sales continue to decline. Down approximately 8% month over month, inventories are also decreasing which is some underlying good news.

4-15-2008...According to a report from RealtyTrac, U.S. home foreclosures rose 5% in the month of March.

4-8-2008...According to the National Association of Realtors, pending home sales for the month of march dropped 1.9%

3-24-2008...The housing market received some good news today as existing home sales rose 2.9% for the month of February.

3-12-2008....A bill proposed by Barney Frank would have he government contribute up to 10 billion of capital into the market to help cities purchase foreclosed properties and end blight.

3-6-2008...Foreclosures surged in the fourth quarter of 2007. Two out of every one hundreds homes is now in foreclosure, with states such as California and Florida leading the way.

2-19-2008...A recent report from RealtyTrac a leading authority on foreclosed properties indicated that the Metro Detroit area had the highest foreclosure rate of any area in the country at almost 5%.

2-7-2008...The report is out for December home sales and the decline continued for most of the country. A pending home sales report published by NAR showed that home sales are off almost 24 % from December of 2006

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