RealtyTrac has released its Midyear 2011 Foreclosure Market Report, and to no one’s surprise, there are quite a few properties facing foreclosure this year. More specifically, a total of 1,170,402 U.S. properties received foreclosure filings from January to June. The company defines a foreclosure filing as a default notice, scheduled auction or bank repossession. While this may be seen as bad news, the silver lining is that this is a 25 percent decrease from the previous six months and a 29 percent decrease over the same time frame in 2010. O

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Residents agree that one of the best parts of life at Cedar Creek is the community’s abundant amenities package, which not only offers a wide array of activities but also contributes to Cedar Creek’s resort-like atmosphere, making every day in the community feel like a vacation.

Shadow Lake is filled with boaters and fishers, and the community’s swimming pools are a welcome respite from the summer heat. Cedar Creek’s award-winning golf course, Shadow Glen, stays busy throughout the week as golfers head to the course to practice their technique and experience the course’s breathtaking views.

Home sales throughout Cedar Creek remain brisk as prospective buyers select from a variety of purchase opportunities that range from move-in ready speculative homes to discounted home sites that can accommodate a custom-built home.

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How big a deal is the upcoming cutback in mortgage limits for Fannie Mae, Freddie Mac and the Federal Housing Administration? Will buyers and sellers who depend on jumbo-sized loans find themselves in a financing squeeze after Oct. 1, when the limits plunge in key markets around the country?

Housing and realty lobbies are pushing hard on Capitol Hill for a continuation of the $729,750 high-cost area maximum, but one industry is delighted by the prospect and is gearing up to fill the gap.

From small community banks to megabanks, the message is the same: Bring on the switch to lower limits. We plan to expand our jumbo loan business wherever market demand requires.

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The number of luxury homes sold in June in metro Denver jumped significantly over the prior month’s sales, according to a report from Coldwell Banker Residential Brokerage Coldwell Banker Residential Brokerage Latest from The Business Journals The Business of Golf: Executive Spotlight on Katie FalkBBJ announces Top Corporate ContributorsAround the Region: June 14, 2011 Follow this company .

Seventy-one homes, with a sales price of $1 million or higher, sold in June, as compared to 47 in May. T

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Members of the Greater Louisville Association of Realtors sold 5,207 houses in the first half of 2011, a 16 percent decrease from the second quarter of 2010.

The number of homes for sale continued to grow, with 9,313 homes listed for sale as of June 30, a nearly 30 percent increase from the June 30, 2010, inventory of 7,112 homes.

The association attributed the decline in home sales to overly high sales in the first half of 2010 because of the Homebuyer Tax Credit. The average selling price for the first half of 2011 was $160,444, little changed from the first half of 2010, when it was $161,666.

The number of houses sold reached a monthly high for the year in June 2011, with 1,137 sold.

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