Mammoth Real Estate, Mammoth Lakes Real Estate, June Lake Real Estate, Eastern Sierra Real Estate | Suzanne Baker, Coldwell Banker Mammoth Real Estate, Mammoth Lakes Resort Property Specialist, Offering Mammoth Homes, Condos and Land for Sale, Eastern Sierra Homes, Condos and Land for Sale, Foreclosures, Short Sales, MLS Homes Search, and Mammoth and Eastern Sierra Area Information

Jan 31 2012

Home Prices Decline for Third Consecutive Month...

Home prices often fall during the winter months as more purchases are done in the spring and summer months. But the three consecutive downward drops mean prices are likely to continue to keep falling in 2012.

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Jan 26 2012

Foreclosures Made Up 20% of Home Sales in Third Quarter

NEW YORK (CNNMoney) -- Sales of homes in foreclosure comprised 20% of all U.S. residential sales during the third quarter, according to RealtyTrac.

That share is a significant decline from the same period in 2010, when foreclosed homes made up 30% of residential sales, but it's still a far cry from levels seen during healthier housing markets when foreclosures comprised less than 5% of sales. In total, 221,536 distressed properties were purchased during the quarter, down 11% from the previous quarter and 5% lower than the same quarter a year earlier, RealtyTrac said.

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Jan 25 2012

Americans Feel Safer About Finances...

Consumers' financial security rose for the second month in a row in January, but many - led by low-income workers and retirees - say they feel less confident than a year ago, according to a survey released today by Bankrate.com, a Web-based financial information provider.

Even though feelings about job security, savings, debt, net worth and overall financial security improved over the past month, "there is ample room for improvement," said Greg McBride, Bankrate’s senior financial analyst.

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Jan 23