Phila.-area foreclosure activity up from late last year

April 30, 2008

The Phila. Business Journal reports, “Foreclosure filings in the Philadelphia metro area increased by 70 percent from fourth quarter 2007 to the first quarter of this year, but were down 63 percent compared to the first quarter of last year, according to the RealtyTrac online marketplace for foreclosure properties.”

Source: Phila.-area foreclosure activity up from late last year

Philadelphia area’s foreclosure rate drops 30%

April 30, 2008

The Inquirer reports, “The Philadelphia region’s first-quarter foreclosure rate fell almost 30 percent from the same period a year earlier, bucking a national trend that saw filings rise to one in every 194 U.S. households.”

Source: Philadelphia area’s foreclosure rate drops 30%

Philadelphia’s home-price drop less than elsewhere

April 30, 2008

The Inquirer reports, “The Philadelphia region’s home prices continue to decline at a slower rate than the 20 metropolitan areas tracked by the Standard & Poor’s Case-Shiller Index, economists said yesterday.”

Source: Philadelphia’s home-price drop less than elsewhere

City suspends, for now, law making landlords get property certificate

April 29, 2008

The Daily News reports, “In a final victory before his disgrace, former City Councilman Rick Mariano in 2006 forced into law a requirement that landlords get a city certificate for their property’s ‘rental suitability’ before tenants could move in.”

Source: City suspends, for now, law making landlords get property certificate

Home Vacancy Rates Set Record in First Quarter

April 29, 2008

The New York Times reports, “The percentage of vacant homes for sale in the U.S. set a new record high in the first quarter of this year, the government said Monday.”

Source: Home Vacancy Rates Set Record in First Quarter

States Tackle Foreclosures In Absence of Federal Help

April 23, 2008

The Housing Alliance of Penn. reports, “This month alone, Philadelphia’s sheriff delayed foreclosure auctions of 759 homes at the city council’s urging. Maryland extended the time it takes to complete a foreclosure. State leaders in Ohio recruited more than 1,000 lawyers to aid distressed borrowers.”

Source: States Tackle Foreclosures In Absence of Federal Help

Region’s home sales continue to decline

April 23, 2008

The Inquirer reports, “Sales of existing homes continued to erode in March, dropping 19.3 percent nationally from a year ago, the National Association of Realtors reported yesterday.”

Source: Region’s home sales continue to decline

Housing-credit woes spur calls for more federal regulation

April 21, 2008

USA Today reports, “A heavier federal hand is reaching into American life as politicians in both parties demand an overhaul of government financial regulation and more protection for homeowners in the face of mortgage woes and a weakening economy.”

Source: Housing-credit woes spur calls for more federal regulation

FHA Expansion Is Cornerstone as Housing-Rescue Bill Shapes Up

April 18, 2008

KnowledgePlex.org reports, “While the White House wants to avoid moves it sees as bailing out irresponsible mortgage borrowers, observers say it’s likely that lawmakers looking to be reelected this year will expand the reach of the Federal Housing Administration to keep more borrowers in their homes.”

Source: FHA Expansion Is Cornerstone as Housing-Rescue Bill Shapes Up

Details of Phila. foreclosure reduction effort announced

April 17, 2008

The Phila. Business Journal reports, “The Philadelphia Common Pleas Court Wednesday announced details of a pilot program it hopes will reduce the number of foreclosures in the city.”

Source: Details of Phila. foreclosure reduction effort announced

« Previous PageNext Page »