Unemployment Revs up Florida Foreclosed Property Inventories (How to buy foreclosures)
The surge in unemployment nationwide has increased foreclosed property inventories. Although there are increases in home sales in many areas, these positive developments are being crushed by falling home prices, rising numbers of jobless Americans and expectations of another wave of foreclosed property inventories. Florida real estate analyst Jack McCabe said …
Source: www.foreclosurelistingsnationwide.com
N.Y. Finding Use of Condominiums on Repo List
The city of New York is planning to convert unsold apartments and condominiums on repo list into affordable houses for its residents. As luxury developers struggle to fill empty units on condominium buildings or obtain financing to continue construction on stalled projects, many empty condominiums languish on the market, further …
Source: www.foreclosurelistingsnationwide.com
Tags: Apartments, Condominium, Condominiums, Developers, Florida Property, Florida Real Estate, Foreclosed Property, Foreclosurelistingsnationwide, Jack Mccabe, Jobless Americans, Nationwide, Property Foreclosures, Property Inventories, Revs, Unemployment Florida