Bank owned property boom, bonanza for buyers

Checking account banks
pulling wool over your eyes

Clear Capital's Home Data Index (HDI) Market Report for March, reported that housing prices in the West were the first to experience a rebound from prior bottom prices, only to sink again, and suffer what's called a "double dip." The rest of the nation wasn't far behind.

by Broderick Perkins
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Deadline Newsroom - The long anticipated "double-dip" in home prices has arrived and it's fueling a fast-spreading fire sale in every corner of the nation's housing market.

The weak economy and a second surge in discounted bank-owned properties are behind the second-time-around dip that's positioning more and more fence-sitters for a clear shot at bargain-basement deals throughout the rest of the year.

Clear Capital's Home Data Index (HDI) Market Report for March, reported that housing prices in the West were the first to enjoy a rebound from prior bottom prices, only to sink again, and suffer what's called a "double dip."

Get the full story here: Bank Owned Property Boom, Economy Deliver Double-Dip Bonanza For Buyers

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Broderick Perkins, an award-winning consumer journalist, parlayed 30 years of old-school journalism into a digital real estate news service, the San Jose, CA-based DeadlineNews Group, including DeadlineNews.Com, a real estate news and consulting service and Web site, and the Deadline Newsroom, DeadlineNews.Com's news back shop.

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Perkins is managing editor of HomeAway.com's Gulf Coast Response Center.

Perkins was the first Examiner to cover three beats for the Examiner.com news service:
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