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| Florida |
| Foreclosure fallout hangs heaviest here in Florida
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| Statewide, foreclosures rose nearly 400 percent, with 623,570 properties receiving unwelcome attention from banks and mortgage lenders. Through May, another 175,612 properties entered the pipeline, according to a study prepared by a task force advising the Florida Supreme Court about how the judicial system can deal with the worst foreclosure crisis since the Great Depression.
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| @ Sarasota Herald Tribune | Posted: 08/13/09 at 0201 EDST
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| Home prices and sales surge in Sarasota / Bradenton
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| Housing prices in the Sarasota-Bradenton market posted a nearly 10 percent increase during the second quarter when compared with the first three months of the year, and sales rose 20 percent.
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| @ Sarasota Herald Tribune | Posted: 08/13/09 at 0315 EDST
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| Home prices rise, foreclosures fall in Palm Beach County
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| The median price of a single-family home sold in Palm Beach County during the second quarter was $240,400, up from $229,200 in the first quarter but down 27 percent from a year ago, the Florida Association of Realtors said Wednesday. The number of homes sold rose 8 percent from a year ago.
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| @ Palm Beach Post | Posted: 08/13/09 at 0320 EDST
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| Florida’s existing home, condo sales up in 2Q 2009
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| Sales of existing single-family homes in Florida rose 23 percent in second quarter 2009 compared to the same period a year earlier. A total of 43,125 existing homes sold statewide in 2Q 2009; during the same period the year before, a total of 35,008 existing homes sold. It marks the fourth consecutive quarter that Florida has seen higher existing year-to-year home sales.
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| @ Florida Association of Realtors | Posted: 08/13/09 at 0330 EDST
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| Midwest |
| Illinois foreclosure actions delayed in spring move into system in summer
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Initial notices of default, the first legal step in the foreclosure process, dropped substantially in the six-county Chicago area during the past three months, largely because of a 70 percent drop in filings over a 30-day period begun in early April.
Editor's Comment: This is a good read
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| @ Chicago Tribune | Posted: 08/13/09 at 0345 EDST
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| Home sales deals up 16 percent from 2008 in Twin Cities area
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| Signed purchase agreements in the Twin Cities area increased from July 2008, but the median price of closed sales fell 18 percent from a year earlier.
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| @ Minneapolis Star Tribune | Posted: 08/13/09 at 0400 EDST
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| Des Moines home sales are best in 2 years
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| On Wednesday, the real estate group said Des Moines-area home sales in July climbed 8 percent to 890 over a year earlier. That is more homes sold than in any month in nearly two years. Pending sales grew nearly 15 percent over a year earlier to 916. The last time more homes were sold in one month was August 2007, when 1,053 homes were purchased.
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| @ DesMoines Register | Posted: 08/13/09 at 0415 EDST
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| Wisconson second-quarter home prices fall 9.9% statewide
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| At the same time, sales of existing homes dropped 10.5% in the state. But Realtors were encouraged that the decline was more moderate than in recent quarters, taking it as a possible sign of a stabilizing market.
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| @ Milwaukee Journal | Posted: 08/13/09 at 0419 EDST
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| National |
| "Information received since the Federal Open Market Committee met in June suggests that economic activity is leveling out."
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| Editor's Comment: This is the full report of the Federal Open Market Committee. Highly worth the read
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| @ Federal Reserve Board | Posted: 08/13/09 at 0419 EDST
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| As homeowners head 'underwater,' another housing crisis looms
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| Almost half of homeowners with a mortgage could be underwater by 2011, says Deutsche Bank.
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| @ CnnMoney.Com | Posted: 08/13/09 at 0419 EDST
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| Recession hits Toronto homebuyers where they live
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| The recession has had a significant impact on customer satisfaction when it comes to buying a new home in the Greater Toronto Area, a real estate specialist for J.D. Power and Associates says. And that means developers must dramatically improve customer service – or risk losing customers in the future, he warns.
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| @ Toronto Star | Posted: 08/13/09 at 0646 EDST
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| Canada's largest conglomerate plans to raise billions to buy homes, office towers and shopping malls around the globe
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| There are 3,200 unfinished McMansions sitting in a suburban Los Angeles neighbourhood, where developers spent more than $150-million (U.S.) to build sewers, grade lots and pave roads for an upscale development, only to see the market crash. These homes are at the heart of the real estate meltdown and Toronto-based Brookfield Asset Management Inc. recently bought this Riverside, Calif., development out of bankruptcy – for 20 cents on the dollar.
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| @ Globe and Mail - CA | Posted: 08/13/09 at 0652 EDST
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| Deflation looms in the post-crisis world
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| While analysts generally do not expect a period of broad and sustained global deflation, price decreases are affecting some economies more than previously thought. As economies scrape dangerously close to outright deflation, the risk is consumers begin to expect cheaper goods, delaying purchases and sparking a damaging wide-spread bout of price decreases.
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| @ Financial Post - CA | Posted: 08/13/09 at 0655 EDST
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