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Nationwide List Prices Rise Nearly 7%
Median list prices nationwide increased 6.82 percent in February compared to February 2011, according to the latest data from Realtor.com, tracking 146 markets. “The nation’s housing market as a whole...
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30-Year Rates Stay Below 4%, Affordability High
Mortgage rates are staying low by historical standards, despite inching slightly higher this week following a positive job report and increasing bond yields, Freddie Mac reports in its weekly mortgage...
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REO Discounts to Grow Even Bigger?
Foreclosures are expected to pick-up as soon as banks begin to clear their backlog of troubled loans. RealtyTrac is projecting a 25 percent increase in foreclosures in 2012. If an increase does occur,...
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Single-Family Rental Growth Won't Infringe on Multifamily
As the government begins to tiptoe into the REO-to-rental arena after many months’ deliberation and input from thousands of industry participants, Fannie Mae released a data note on the single-family...
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Housing Market Reaches Turning Point, Economists Say
Economists say the housing market is starting to heal, but too many people aren't aware of it because they're judging a housing recovery on the wrong sign: What’s happening with home prices. Paul...
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First and Second Lien Holders to Share Losses Through Settlement
Details of the $25 billion settlement involving state and federal officials and the five largest servicers will change how liens are prioritized, and in turn, opponents say, will benefit banks but...
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Large Banks Chip Away at Commercial Real Estate Debt
Large banks have made big strides in the last three years in selling and modifying their bad loans stemming from sour commercial real estate deals and now are even starting to pick up lending once...
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Buying is Cheaper Than Renting in Nearly All Major Cities
Home buying is the smarter choice than renting, according to Trulia’s Winter 2012 Rent vs. Buy Index. Buying a home is more affordable than renting in 98 of the nation’s 100 largest metro areas,...
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Mortgage Rates Up, With 30-Year Fixed Above 4 Percent
Moving along side higher yields on bonds, mortgage rates continued to climb upwards, with the 30-year fixed-rate mortgage above the 4 percent benchmark for the first time since October 27, 2011,...
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Foreclosure Timelines on the Rise; More Losses to RMBS
Foreclosure timelines are on the rise, and the increase is resulting in greater losses to residential mortgage backed securities (RMBS), according to Moody’s Investor Service’s Servicer Dashboard for...
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How Involved Should Sellers be in a Sale?
With competition high, sellers may be intervening more when it comes to selling their home, and it can cause personalities to clash. Because it might take a little longer to find a buyer nowadays,...
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Low Interest Rates Help Americans Save Money
Ultra-low interest rates have helped the average American to save more than $3,000 a year, according to a USA Today analysis. Interest payments on mortgages have contributed to some of the largest...
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3 Ways Foreclosures May Impact Your Customers
A new wave of foreclosures is expected to be coming as banks work through huge backlogs of distressed properties on their books. So what does this mean for buyers and sellers this year? An article at...
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Top Mistakes to Avoid With Your Web Site
Your Web site may be a critical part of your outreach effort to customers, so are you putting your best site forward? Forbes.com recently highlighted some of the biggest mistakes small businesses make...
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Home Prices Have Been Rising for Three Months: Report
Standard & Poor’s reported Tuesday that it’s closely watched Case-Shiller index declined in January for the fifth straight month, with both the 10-city and 20-city composite readings slipping 0.8...
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FHA Loan Apps Rise as Borrowers Try to Beat Fee Hikes
Mortgage applications for Federal Housing Administration loans soared 11 percent from the previous week as borrowers try to rush their applications in to beat the higher FHA costs that will start...
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Freddie Mac Reports 30-Year Fixed-Rate Teetered Back Below 4%
The 30-year fixed-rate mortgage positioned itself back below 4 percent this week as economic indicators point to a weaker housing market and economy, according to Freddie Mac’s Primary Mortgage Market...
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More Americans Pay Car Loans Before Mortgages
Americans are prioritizing their debt payments by opting to pay their car loans before mortgages and credit cards, according to an analysis by credit reporting bureau TransUnion. TransUnion analyzed...
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Next Foreclosure Wave Coming: Reason for Alarm?
Economists have been warning that a flood of foreclosures will soon be hitting the real estate market, likely this summer. Increases in foreclosures traditionally pull down nearby home prices. So...
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Investor Purchases Increased, Advises Limiting REO Bulk Sales
For 2011, investment purchases increased significantly, according to data from the National Association of Realtors (NAR), and with more individual investors absorbing REO properties, the organization...
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