Foreclosures rose in 3 of every four large U.S. metro areas in this year’s first half, likely ruling out sustained home price gains until 2013, real estate data company RealtyTrac said on Thursday.

Unemployment was the main culprit driving foreclosure actions on more than 1.6 million properties, the company said.

“We’re not going to see meaningful, sustainable home price appreciation while we’re seeing 75 percent of the markets have increases in foreclosures,” RealtyTrac senior vice president Rick Sharga said in an interview.

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Cheryl Fallick, formerly of IMN, IIR, and and Tonkin, has joined GreenPearl Events to lead the Distressed Real Estate Summit (DRES) portfolio of events. The DRES series has quickly become a dominant force in networking and information with regard to opportunities and risks with regard to investment in distressed property and notes, as well as related advisory services.

We welcome Cheryl to the team. If you would like to speak or have questions about an upcoming DRES conference, you may contact Cheryl at:

Cheryl@GreenPearlEvents.com
(646) 862-9391

Last year, over 720 investors, fund managers, lenders, developers, alternative capital sources, brokers, attorneys, and other real estate executives and professionals attended the inaugural Distressed Real Estate Summit – New York. This year, on October 21st in New York City, GreenPearl Events is bringing it back bigger and better. Join us for an exciting and informative full-day conference, complete with networking and deal making opportunities.

See what last year’s attendees and speakers had to say.

As we are in the early stages of agenda creation and speaker selection, we encourage you to reach out to us if you are interested in speaking, sponsoring or exhibiting at this year’s event. Already, Colliers, Eastern Consolidated, Ernst & Young, Foresite Realty, FTI Schonbraun McCann Group, GFI, Phillips Lytle, and Schulte Roth & Zabel have chosen to sponsor this event.

As this event is our flagship event and has a strong track record, we expect to sell out, and encourage you to join early. Register now to take advantage of super earlybird rates.

We look forward to seeing you on October 21.

Sincerely,

Ryan Slack, CEO
GreenPearl Events
(646) 862-9389
ryan@greenpearlevents.com