Real Estate News – April 26, 2012

Seattle-based Zillow says the housing market has reached a bottom in more than half of the 30 metropolitan areas tracked in the company’s Zillow Home Value Forecast (via

Big jumps in foreclosure activity in cities like Pittsburgh, Indianapolis, New York and Raleigh pushed the national numbers higher in the first three months of this year, according to a new report from RealtyTrac, an online foreclosure sales and data company (via

Costco shoppers will now find that they not only can buy their groceries in bulk at the warehouse retailer, but they can also shop for a mortgage too (via REALTORMag):

Solar panels cause clashes with homeowner groups (via

Ally Financial will likely place its troubled mortgage unit into bankruptcy in the next three weeks (via

Authorities have charged a real estate agent with fraud for illegally using a client’s personal information to secure a mortgage on a property, then operate her business and collect rent from the same location (via

A series of arson fires in Detroit is setting dozens of vacant buildings and homes ablaze. Firefighters, meanwhile, have a controversial proposal on the table: Let the vacant homes and buildings burn to help trim city costs (via REALTORMag):