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House in Salinas, California under foreclosure, following the bursting of the U.S. real estate bubble. The 30-year mortgage rates increased by more than a half a percentage point to 6.74 percent during May–June 2007, [78] affecting borrowers with the best credit just as a crackdown in subprime lending standards limits the pool of qualified ...
Mid-year: A total of 1,961,894 foreclosures were filed on 1,654,634 properties during the first half of the year, up 5 percent from same period last year. More than 1.28 percent of all households were in some stage of foreclosure during the first half of 2010.
The economic prosperity of the 1920s coupled with a lack of knowledge about storm frequency and the poor building standards used by boom developers set the conditions for the first real estate bubble in Florida. [5] [6] Miami had an image as a tropical paradise and outside investors across the United States began taking an interest in Miami ...
Redfin reveals the median condo price in Jacksonville dipped by about 7% year-over-year in January, sales declined 27%, and new listings surged by 32%. In Miami, condo prices dipped by 3%, sales ...
In addition, “The real estate market has been sluggish, and without major economic development, property values are likely to remain flat,” Charlie said. “Investing here might leave you ...
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In many regions a real estate bubble, it was the impetus for the subprime mortgage crisis. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2011. [3] On December 30, 2008, the Case–Shiller home price index reported the largest price drop in its history. [4]
Overall, the median sales price of a condo in the state fell 1.3% in July, the latest figures available showed, marking the first year-over-year decline going back to at least July 2020, according ...