Real Estate News – May 31, 2011

Home prices fell throughout the country in March, with 19 of 20 cities in the Case Shiller index showing drops, though none as big as in Minneapolis (via StarTribune.com): http://bit.ly/lqJDa4

Nearly 35 percent of occupied homes were rented in 2010, which is an increase of 33.8 percent from 2000, according to a USA Today analysis of U.S. Census data of more than 500 midsize and large cities (via REALTORMag): http://bit.ly/kJ6nPm

Banks trying to foreclose on homeowners are hitting another roadblock, as some delinquent borrowers are successfully arguing that their mortgage companies can’t prove they own the loans and therefore don’t have the right to foreclose (via online.WSJ.com): http://on.wsj.com/jMSJmG

Foreclosure victims not all deadbeats, report says (via sfgate.com): http://bit.ly/ipmrnN

When you search for the causes of the financial meltdown and the following recession, look no further than Fannie Mae and Freddie Mac, the government-sponsored mortgage entities (via nydailynews.com): http://nydn.us/mgNoA0

Industrial Leasing Looks for Rebound (via blogs.WSJ.com): http://on.wsj.com/mFdbY2

With the Nevada Legislature debating the fees imposed by homeowner association collection agencies and lawsuits adding up, investors in foreclosed homes filed a new class-action complaint last week against more than 500 homeowner associations (via collectionscreditrisk.com): http://bit.ly/meloEC