Wednesday, May 20, 2009

Foreclosure sales drive down home prices

A total of 134 out of 152 metropolitan statistical areas reported lower median existing single-family home prices in comparison with the first quarter of 2008, while 18 metros had price gains. First-time buyers accounted for half of all purchases ..., more 
and The Coming Foreclosure Tsunami  National Short Sale Center, which helps homeowners negotiate the sale of their homes for less than what they owe their bank, says the country is due to experience record-setting amounts of foreclosures in the second quarter of 2009. The company is ..., more 
and Ohio House approves foreclosure moratorium bill - WTOL-TV  COLUMBUS, Ohio (AP) - The Ohio House has approved legislation that would place a six-month moratorium on foreclosures in some cases. The Democratic-controlled House voted 54-43, largely along party lines, to approve the bill Wednesday. It would allow ..., more 

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