LOCAL MARKET OVERVIEW

HUD program to help communities buy foreclosed homes
The nation's top housing official on Wednesday announced the expansion of a program that gives municipalities and nonprofit agencies the chance to buy foreclosed homes before they're made available to private investors.

Pending home sales rise in July
Pending home sales increased 5 percent in July from June but remain 19 percent lower than a year ago, the National Association of Realtors said Thursday.

Sept. 3 deadline looms for filing Chinese drywall claims
Homeowners with tainted Chinese drywall have until 5 p.m. Friday (Sept. 3) to be included in the lawsuit filed in federal court against foreign drywall manufacturers and other parties.

Using tech to dial up HOA laws
Settle law disputes with owners or associations instantly

Mobile devices, smart phone apps and state-sponsored Websites make it easy to access information about Florida condo, homeowners and co-op association law.

NACA: 17,000 homeowners sought loan modifications
Neighborhood Assistance Corp. of American Chief Executive Officer Bruce Marks said late Tuesday that more than 17,000 people had been through the doors at its marathon mortgage modification event in West Palm Beach.

Many South Florida homes priced at $50,000 or less
Investors are buying, fixing up and reselling for a profit

The collapse in South Florida home prices has left bargains for the taking, but many properties are shoe-box tiny, or have some major flaw.

Event shows unemployment is driving foreclosures
There was a big difference between the Neighborhood Assistance Corp. of America mortgage modification event that just ended and the one NACA held earlier this year.

What effect have foreclosures had?
A two-day national summit on foreclosures begins Wednesday at the Federal Reserve in Washington.

Six Florida cities are among the nation's most stressed
The Daily Beast has created a Housing-Mortgage Stress Index.

Home prices rise in June, though optimism fading
Yeah, but

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