More U.S. homes are entering the foreclosure process, setting the stage for a surge in properties repossessed by lenders this year.
Published: May 24, 2011
Tags: AGC, apartments, Associated General Contractors of America, Case-Shiller home price index, CoStar Group, John McIlwain, Ken Simonson, Murphy Development, Patrick Murphy, rentals, Urban Land Institute
By James Briggs and Derek Kravitz The Daily Reporter and Associated Press Building and owning rental properties is bumping homeownership from center stage in the American dream. A growing number of Americans can’t afford a home or don’t want to own one, a trend that’s spawning a generation of renters and an increase in apartment [...]
By ALAN ZIBEL AP Real Estate Writer WASHINGTON (AP) — Home prices rose slightly in September, the fourth straight monthly increase and a clear sign that the housing market’s recovery is continuing. The Standard & Poor’s/Case-Shiller home price index of 20 major cities released Tuesday rose 0.3 percent to a seasonally adjusted reading of 144.96 [...]