Foreclosure activity on homes valued at $5 million or more has soared 61 percent since October 2012, RealtyTrac reports.
Single-family new-home sales posted a sharp rise in October, but other factors still pose challenges for the real estate market, economists say.
NAR's Board of Directors recently made changes to enhance the industry's professional standards. Read what changes were made to Standard of Practice 11-1 and how it relates to BPOs.
Overall the impact was noticeable but somewhat lower than feared.
With 7,000 residents per square mile, Los Angeles tops both New York and Chicago as the nation's most dense city.