Housing Market

Housing Market

Homes Sales Fall As Housing Becomes Less Affordable

Well it shouldn’t necessarily come as a surprise. Sales of previously owned homes fell 1.9% in September from a month earlier, according to the National Association of Realtors, as the summertime spike in mortgage rates pressured activity and housing affordability
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High-end house flips and Investors

Rising home prices and short supply have investors setting their sights on a new real estate play. Home flipping, loosely defined as buying and selling the same home within six months, fell out of favor during the housing recession, as falling prices left no prospect for profit. Now the market is
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7 Things To Do You Want to Buy or Sell in 2013

True Confession: I set a handful of New Year’s Resolutions every single year. Why? They work for me - I’ve got probably a 75 percent success rate. Some of this is in the science of setting the Resolution the right way in the first place, including the preparation. Here’s my secret: I
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5 Types Of Buyers Will Be Rushing Into The Housing Market In 2013

With the housing market bottoming in 2012, economists and other experts are becoming increasingly optimistic about the U.S. housing market in 2013. From John Burns Real Estate Consulting: "Assuming our leaders in DC come to some sort of agreement that keeps the economy growing and interest rates
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J.P. Morgan Says in 2013 Home Prices Could Jump 9.7%

Home-price forecasts for 2013 are on the rise. J.P. Morgan Chase & Co. expects U.S. home prices to rise 3.4% in its base-case estimate and up to 9.7% in its most bullish scenario of economic growth. Standard & Poor’s, which rates private-issue mortgage bonds, on Friday said it expects
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Biggest Annual Jump in Two Years on Home prices

The recovery in the housing market continues to pick up steam, as home prices posted the biggest percentage gain in more than two years in the latest reading of the closely followed S&P/Case-Shiller index. The index showed prices up 4.3% in October compared to a year earlier. That's the best
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Mortgage rates are falling to record lows again

NEW YORK (CNNMoney) -- The nation's extremely favorable mortgage rates sank even lower this week, setting records for both the 30-year and 15-year fixed rate loans. The 30-year fell to 3.31% from 3.34% last week, according to Freddie Mac (FMCC, Fortune 500), the government controlled mortgage
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Home Owners Feel It’s a Good Time to Sell

Last month the largest percentage of Americans since the housing bust said they believe it’s a good time to sell a house, according to the latest Fannie Mae National Housing Survey. Results from the survey show Americans’ optimism about the recovery of the housing market, and that
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Housing Is Finally Giving the Economy Some Love

Friday’s report on U.S. economic growth confirms two emerging trends about the long-ailing housing sector: It is finally delivering a lift to the economy, but it is not delivering anywhere near the kind of boost that it traditionally has during a period of economic expansion. Housing has now
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Real Estate Agents Suggest Banks May Be Holding onto REOs

A sharp drop in distressed sales is one of the main drivers behind the steady rise in home prices seen in certain areas throughout the country, according to the monthly Campbell/Inside Mortgage Finance HousingPulse survey. The survey includes responses from about 2,500 real estate agents through
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