Real Estate News – April 26, 2011

The share of renters who spend more than half their income on housing is at its highest level in half a century and it’s no longer just low-income tenants who are feeling the pain, according to a Harvard University study (via

A wave of foreclosures is forcing down home prices in most major U.S. cities. But economists and real estate agents are noticing what they call a key first step for any housing recovery: a drop in the glut of homes for sale in markets hit hardest by foreclosures (via

A growing number of high-end homes are selling at a loss or facing repossession by lenders in Las Vegas, which already has the highest rate of foreclosure filings among large U.S. cities (via

Some California lawmakers, supported by unions and left-leaning activist groups, have an idea to help stem the flow of foreclosures: Charge banks $20,000 every time they want to foreclose on a home (via

FICO: Short sale no better for your credit score than foreclosure (via

Merscorp Inc., which runs an electronic registry of mortgages, had a civil-racketeering lawsuit against it voluntarily dismissed (via

Mortgage delinquencies on single-family homes declined in March from both month- and year-earlier levels, according to Freddie Mac (via