Foreclosure sales, which include homes purchased after they received a notice of default or that were repossessed by lenders, accounted for 31 percent of the market in the April-June quarter, RealtyTrac Inc. said.
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Foreclosures made up roughly one-third of all home sales this spring. While that's a smaller share of sales from the previous quarter, it's six times the percentage of foreclosures in a healthy housing market. Meanwhile, fixed mortgage rates edged up this week from their lowest levels in decades.
Foreclosure sales, which include homes purchased after they received a notice of default or that were repossessed by lenders, accounted for 31 percent of the market in the April-June quarter, foreclosure listing firm RealtyTrac Inc. said Thursday.
Libyan rebels remove the green flags from poles at the Abu Salim square in Tripoli on Aug. 26 after the opposition forces announced the transfer of their leadership to the capital.
Credit Patrick Baz / AFP/Getty Images
With Moammar Gadhafi and his regime driven from their strongholds in Tripoli, the most pressing question now is whether the rebels will be able to set up a government and establish order in the capital and the rest of Libya.
In their battle so far, the rebels have been boosted by NATO air power. Western nations have also been providing political and diplomatic backing to the rebel leadership, known as the Transitional National Council. And the U.S. and European states say they are prepared to return Libyan assets that were frozen in the final months of Gadhafi's rule.
Apple CEO Steve Jobs delivers the keynote address at the Apple World Wide Developers Conference in June 2011. Jobs announced on August 24 that he would step down immediately as CEO of Apple.
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When Steve Jobs stepped down from his position as CEO of Apple yesterday, he handed the reins immediately to chief operating officer Tim Cook, who has had such a significant hand in day-to-day operations that many expect that Apple won't immediately suffer much in the way of effects on either its ability to turn out beloved products or its business position.
Russell managed to survive the trip to Liberia when he was about 15, but life didn't get much better for years there.
Credit Lexington Herald-Leader
Alfred Francis Russell, a freed slave from Kentucky, became the 10th president of Liberia in 1883. He was a man who worked through very difficult circumstances to briefly lead a country in Africa that was formed as a means of giving some American blacks their first taste of self governance.
For the second time in a week, federal agents searched the home of a Corbin man arrested on methamphetamine, gun and explosives charges but police have been quiet about exactly what they are looking for. Officers with KSP, Two Rivers Drug Task Force, ATF, U.S. Forest Service and others spent hours Tuesday night at the Corbin residence. Neighbors said authorities took saws and other equipment into the home and were tearing up flooring looking for something. Officers at the scene would not reveal what they were searching for, but said a search warrant had been issued for the home.
A fixture in Augusta for more than 50 years, Clopay Plastic Products Company is a large contributor to employment opportunities in the region. On Wednesday, Clopay officials met with Bracken County Fiscal Count in executive session to iron out details of a proposed $12 million expansion project, which includes tax concessions and property acquisition assistance on behalf of the county.
A lesbian couple in Harlan County who believe they were attacked and beaten because of their sexual orientation want the U.S. Department of Justice to investigate the case. The Kentucky Equality Federation on Wednesday requested that the federal government pursue the case as a hate crime, according to a letter provided by Jordan Palmer, its president. The federation, which advocates for lesbian, gay, bisexual, transgender and intersex people, made the request for Misty Turner and Brandy Standifer.
Kentucky state Sen. R. J. Palmer answers one of the questions posed to him and the other state legislatures participating Tuesday in a forum on aging at Rose Mary C. Brooks Place.
Credit James Mann / Winchester Sun
Of all the issues facing the elderly today, Kentucky Commissioner of Aging and Indpendent Living Deborah Anderson said apathy is the one that she fears the most. “It’s actually apathy that scares me to death,” Anderson said. The commissioner spoke in Winchester at a panel discussion about senior citizen issues.
And an album full of photos of former U.S. Secretary of State Condoleezza Rice.
Odd as that may sound, what appears to be something of a keepsake about Rice — who Moammar Gadhafi once referred to as "my darling black African woman" and of whom he said, "I love her very much" — was found by opposition fighters as they searched and ransacked the Libyan leader's compound in Tripoli.
Shares in Bank of America jumped nearly 25 percent in"premarket trading" this morning after it was reported that billionaire investment guru Warren Buffett is buying a $5 billion stake in the company, The Wall Street Journal's MarketBeat blog writes.