A mortgage crisis like the one that has devastated homeowners is enveloping the nation’s office and retail buildings, and few places are likely to be hit as hard as Washington DC.
The foreclosure wave is likely to swamp many smaller community banks across the country, and many well-known properties, including Washington’s Mayflower Hotel and the Boulevard at the Capital Centre in Largo, are at risk, industry analysts say.
The new round of financial pain, which some had anticipated but hoped to avoid, now seems all but certain. “There’s been an …

Learn More about Arizona Real Estate

Highlights of Arizona and regional housing markets

Arizona is among the Top 10 states with the highest foreclosure rates.

Sales volume is down 27.8% throughout the state of Arizona.  Compare this to a 10.8% decline in sales volume in the USA.

Scottsdale, Arizona:

Sales volume down 22.7% from one year ago but prices are up.  
Median-priced home in Scottsdale is $630,000.
Scottsdale is one of the most affluent cities in Arizona and the upper end of the housing market is holding steady and keeping overall home prices up. According to Mike …

Learn More about South Dakota
Sioux Falls South Dakota Housing Market Gets a Thumbs Up!

Sioux Falls South Dakota is enjoying steady rising home prices in a strong real estate market.
Yes, while many real estate bubble markets are suffering from deeply declining sales prices and a flood of foreclosures, there are Bargainville markets around the country where housing prices are affordable and real estate values are increasing - and Sioux Falls is a great example.  So if you are a real estate investor and your local market is a Bubbleville, be open to …

From the Real Estate Investment Center
California Foreclosure Rates Could Exceed 55 Percent

California mortgage defaults going into foreclosure are pushing 40% and could exceed the 1983 levels of 55% according to a recent article in the San Diego publication, SignonSanDiego.com.  What a difference from 2005, when only 13% of defaulted mortgages went into foreclosure.
The foreclosures on subprime loans will continue to push down home prices through 2008.  S&P forecasts that by Q1 of 2008, national average homes prices will be down 8 percent from 2006 prices.  This would be the …

From the Real Estate Investment Center
Home owners, investors and real estate agents are feeling the pain of a hard hit real estate market in North Port, Florida, according to a recent article in the Herald Tribune.

For example, a 75-year old home owner has been trying to sell her 10-year old house to move into a condo but say, "The business of selling houses is not good.  There's a lot of houses for sale on my street."
Randy Martin, a pool contractor, speculated on the North Port real estate market and spent …