No Help in Sight, More Homeowners Walk Away
Feb. 2, 2010 — The New York Times
In 2006, Benjamin Koellmann bought a condominium in Miami Beach. By his calculation, it will be about the year 2025 before he can sell his modest home for what he paid. Or maybe 2040.
Short sales soar while foreclosure sales slacken
Jan. 29, 2010 — Las Vegas Sun
Las Vegas and the state may be changing from the nation’s foreclosure capital to a housing market dominated by short sales.
Jumping on the REO wagon
Feb. 2, 2010 — The Real Deal
NEW YORK CITY -- Major residential brokerages may still snub their noses at the listings, but a growing number of firms, particularly in the outer boroughs, are fighting for a share of the foreclosed homes market.
In hard-hit markets, some see signs of bottom
Jan. 29, 2010 — MSNBC
Syd Leibovitch, owner of Rodeo Realty in Los Angeles is doing what many real estate agents can only dream of: expanding. In the past three months, Leibovitch has hired more than 40 agents and is opening a new office on Hollywood’s Sunset Strip.
Battling Back, Home Builders Cut Prices, Work Faster
Feb. 3, 2010 — The Wall Street Journal
LAS VEGAS—Home builders have lost half their share of the U.S. housing market in the past two years, largely because of competition from cheap foreclosed houses. In 2009 only 7.6% of the homes sold were newly constructed, down from the average of about 16% over the previous two decades.