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Tuesday, December 27, 2011 10:12 AM

Record $88 Million Sale for NYC Condo

Russian billionaire Dmitriy Rybolovlev is reportedly paying the full asking price of $88 million for a New York City condo for his 22-year-old daughter, considered the highest individual transaction ever recorded in New York City, according to Forbes.
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Friday, December 16, 2011 12:52 PM

5 Things To Do NOW If You Want to Buy A Home In 2012

If you’re one of the millions who has an eye on 2012 as the year in which you’ll buy a home (first or not), here are five things you can do now to put yourself on the right path: 1. Check your credit. Take my word for it: there is no bad surprise
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Sunday, November 20, 2011 2:11 PM

Smaller Homes to Grow in Demand, Surveys Suggest

The square feet of new homes is expected to continue its decline in future years. The National Association of Home Builders predicts that U.S. houses will average 2,152 square feet in 2015, which will be down 10 percent compared to last year. Smaller
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Sunday, November 20, 2011 1:58 PM

Congress Restores FHA Loan Limits to NAR-Backed Levels

The U.S. House and Senate yesterday restored FHA loan limits to the level they were at before they were allowed to expire at the end of September. As a result, the limits will rise to 125 percent of the area median home price from 115 percent, up to a
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Friday, November 11, 2011 2:32 PM

Buy a HUD Home for Only $100 Down?

In several states, the U.S. Department of Housing and Urban Development is offering home buyers foreclosed homes with only a $100 down payment, in trying to unload some of its inventory. The incentive runs until October 2012. To qualify, purchasers must
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Friday, November 11, 2011 2:29 PM

Housing Is Key in 2012 Elections, Voters Say

Nearly seven out of 10 American — seven more so for the millennial younger generation — say that candidates’ positions on housings will be very important to them in the 2012 presidential and congressional elections, according to a new
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Friday, November 11, 2011 2:22 PM

5 Ways to Course-Correct When Your House Hunt Takes Too Long

Some people have home-finding stories that are the real estate equivalent of the skywritten marriage proposal tales. They drove by their dre am home, knocked on the front door and the elderly owner offered it to them for a song. However, most recent home
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Saturday, October 15, 2011 4:05 PM

Improved Job Report Sends Mortgage Rates Higher

After posting record lows the last few weeks, mortgage rates inched higher this week, Freddie Mac reports in its weekly mortgage market survey. Yet, rates still remain near 60-year lows. “An employment report that was better than market expectations
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Sunday, September 25, 2011 1:25 PM

Housing market is good (or great!) for buyers right

In most parts of the country, the housing market is good (or great!) for buyers right now - interest rates are bizarrely low, lots of inventory means lots to choose from, and the cost of renting has increased in a lot of markets. But just because the
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Monday, September 05, 2011 4:38 PM

Most Efficient’ Labels Debut for Appliances

--> The Energy Star program has been criticized for allowing too many home appliances to carry the energy efficiency label. So now the Environmental Protection Agency and the Department of Energy, which jointly run Energy Star, are announcing a new label—"most
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Monday, September 05, 2011 4:27 PM

Gov’t Criticizes Banks for Failing More Home Owners

Bank of America and JPMorgan Chase, two of the country’s largest lenders, are not doing enough to help home owners avoid foreclosure, the Treasury Department said Thursday. Many home owners who have been eligible for loan modifications have been
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Monday, September 05, 2011 4:24 PM

Mortgage Rates Hover Around Record Lows

--> Mortgage rates this week are averaging at or near historic lows, Freddie Mac reports in its weekly mortgage market survey. "Weaker economic data reports eased upward pressure on mortgage rates this week and kept them at or near all-time record
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Monday, September 05, 2011 4:22 PM

Foreclosure Delays Reach New Records

--> Delinquent home owners are living in their homes longer, rent-free. Home owners with a loan in foreclosure haven’t made a payment, on average, for 20 months or 599 days--a new record, according to new data by Lender Processing Services Inc.
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Saturday, July 30, 2011 4:41 PM

New Grant for Military First-Time Home Buyers

A new program is offering financial assistance to first-time home buyers who are veterans or active-duty military members. The Pentagon Federal Credit Union Foundation, a nonprofit national organization, is offering the assistance through its Dream Makers
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Saturday, July 30, 2011 4:38 PM

New-Home Market Shows Signs of Stabilizing

--> New-home sales dropped in June, but a sharp increase in prices and declining inventories may be signs the sluggish new-home market is finally showing signs of rebounding, the Commerce Department reported Tuesday. Sales of new homes dropped 1 percent
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