Foreclosure Photo Exhibit Sheds Light On Housing Crisis – Huffington Post
To Carl Rutberg, executive director of the Alice Austen House, the show seemed apt for a museum honoring the legacy of a pioneering 19th-century woman photographer in her former home, which she lost to foreclosure because of financial reverses …
Reset housing recovery just around the corner
There’s no evidence the old housing boom can return. Americans face too much housing inventory, too much debt.
Rents soar as foreclosure victims, young workers seek housing
Few new units and tight standards for home loans add to the pressure. The average monthly U.S. rent is at an all-time high, and a 10% jump in Los Angeles County over the next two years is forecast. A nation still struggling to clear up one housing debacle has run smack into another — soaring [...]
US home prices fall and sales of new homes drop as foreclosures weigh on housing market
Rising foreclosures are weighing on the U.S. housing market, reducing prices and keeping new-home sales weak.
Housing market may be on rebound at last
New data show price declines easing in big cities, sales of new homes improving nationally and foreclosures in California dropping to levels not seen since 2007. The housing market’s long, cold winter may finally be heading into a springtime thaw.
Housing market no longer yours for a steal
In local markets where inventories are tight and competition for homes rising, realty agents say that buyers looking to steal houses by lowballing their offers are ending up at the back of the line — their contracts either rejected out of hand or countered close to the original asking price.
A Tale of Two Housing Recoveries
Want to know how quickly home prices in your state will rebound? See how foreclosures are handled.
Foreclosures Still Haunt the Housing Market
The latest weak sales number shows the recovery is sputtering
Southland housing market gains momentum
Strong demand from investors lifts home sales in February to the highest level for that month in five years. Because many of those deals were for less than $200,000, median prices fell. A Southland home sales recovery gained steam in February as a record number of deep-pocketed investors snapped up distressed properties at bargain-basement prices. [...]
Rising rents may signal a housing market recovery
Renters are paying more because the foreclosure crisis is adding to their ranks, which increases demand for apartments. Orange County has seen the biggest rent increase in the Southland: 13.2% in the last year. Home prices are tumbling to fresh lows, but new data show the rental market is on an upswing, an early indicator [...]