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A lot of people tried to cash in by buying up a few of the available multiple houses. Their natural expectation was to clinch a profitable deal from this but that didn't really happen at all because foreclosure spike happened and the rest became dismal history as well.
The subprime mortgage fiasco stands to cost the Bay Area economy more than $5.4 billion next year, according to the latest report intending to put a dollar figure on the rising wave of real estate foreclosures.
Article discusses peculiar findings in the New York foreclosure and real estate short sale market.
Before the lawns turn pale and the weeds flare up and the newspapers litter the driveways, the children know the score.In southeast Antioch, where a swarm of East Bay foreclosures makes its thickest nest, the children on Catanzaro Way live among a grove of real estate signs that turn like autumn leaves, from "For Sale" to "Reduced Price"
n September 2007, you would be amazed to know that the six-county Lexington metro area witnessed a surge of 212 new foreclosures! All of these except for eight new cases came from the region of Fayette County.