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Friday, January 27, 2012 6:50 PM

Mortgage Rates Rise After Posting Record Lows

Mortgage rates started to edge higher this week, after a series of recent positive reports showing the housing market on the mend, Freddie Mac reported in its weekly mortgage market survey. The 30-year fixed-rate mortgage after posting all-time record
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Sunday, January 22, 2012 7:13 PM

Banks, Gov't Near Deal on Foreclosure Settlement

Up to 1 million at-risk, underwater borrowers may be eligible for a reduction on their mortgage principal, if a settlement between big banks and government officials gets the final approval. The mortgage aid is reportedly on the table as big banks and
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Sunday, January 22, 2012 6:53 PM

Existing-home sales continued on an uptrend

Existing-home sales continued on an uptrend in December, rising for three consecutive months and remaining above where they were a year ago, according to the National Association of REALTORS®. The latest monthly data shows total existing-home sales
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Sunday, January 22, 2012 6:50 PM

Record Rates Push Housing Affordability Higher

The 30-year fixed-rate mortgage hit another all-time low this week, marking the seventh straight week it has averaged below 4 percent, Freddie Mac reports in its weekly mortgage market survey. Here’s a closer look at rates for the week ending Jan.
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Wednesday, December 28, 2011 1:41 PM

What's in Store for Housing in 2012?

The worst for the housing market may finally be over, according to housing experts in a recent article in Kiplinger. After median home price have dropped nearly 40 percent nationwide, a rebound is taking shape -- although, housing experts say, the market
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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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Tuesday, December 27, 2011 10:09 AM

Americans Eager to Buy, Sellers Aren’t Happy?

Nearly 80 percent of home buyers say now is a great time to buy a home, but sellers say it’s not a great time to sell, according to a new study, “The Great Recession and Attitudes Toward Homebuying,” released this week by the Mortgage
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Tuesday, December 27, 2011 10:07 AM

Existing-Home Sales Continue to Climb in November

--> Existing-home sales rose again in November and remain above a year ago, according to the National Association of Realtors ® . Also released today were periodic benchmark revisions with downward adjustments to sales and inventory data since 2007,
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Friday, December 16, 2011 2:22 PM

Current Market Statistics in Golden isles

In the Golden Isles there have been a total of 1483 closed sales from January 1 st to December 12th 2011 compared to 1230 from January 1 st to December 13th 2010. The average selling price for that period in 2011 is $211,077 compared to an average selling
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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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Tuesday, December 13, 2011 2:03 PM

Foreclosure Alert: Banks Clearly Preparing For REO Avalanche

It is not unusual to see foreclosures slow for the holidays, and the this year is no exception. Foreclosure starts were up slightly in Nevada and Washington, but the increases were insignificant given the recent declines in those states due to legislative
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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 2:05 PM

Mortgage Rates Stay Low Again This Week

For the third week, 30-year fixed-rate mortgages, the most popular choice among home buyers, averaged at or below 4 percent, Freddie Mac reports in its weekly mortgage market survey. "Mortgage rates were little changed this week just as the economy
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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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