Foreclosed Home Listing Prices in (Foreclosure listings) Midwestern Cities Down
Foreclosed home listing prices in the Midwest maintained their affordable levels last month, based on a study of residential real estate prices in the Midwest in May. Median sales prices for existing homes in the Midwestern cities decreased to $145,800, a 10 percent drop from May 2008. But because of high … pre foreclosures
Default rates on prime loans have increased in the first quarter, escalating the number of houses added to foreclosed home for sale inventories. Homeowners who have good credit and who were previously making their monthly home loan payments religiously are now unable to make payments because of joblessness. In the first quarter, … pre foreclosures
Tax credit for home purchase could rise USA Today Lawmakers and businesses are calling for expansion of a tax credit for first-time home buyers that has helped spark home sales in an otherwise dismal real estate market. With the tax credit scheduled to…(read more) pre foreclosures
Tags: Default Rates, First Quarter, First Time Home, First Time Home Buyers, Foreclosed Home, Foreclosure Listings, Foreclosures, Home Loan Payments, Inventories, Joblessness, Lawmakers, Median Sales Prices, Midwest, Midwestern Cities, Prime Loans, Real Estate Prices, Residential Real Estate, Tax Credit, Time Home Buyers, Usa Today