Liz Sheffield

Liz Sheffield

The Biggest rise in home prices in more than 2 years!

. NEW YORK (CNNMoney) In another sign of a housing market rebound, home prices posted the biggest percentage gain in more than two years in the third quarter, according to the closely followed S&P/Case-Shiller index. The 3.6% increase from a year earlier is more than three times the rise
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12 Straight Months of Increases in Home Values

National home values rose by 1.1% in October from September, the largest monthly gain in seven years, according to a report released Wednesday by Zillow, the online real-estate information company. It’s the first time housing markets have posted 12 straight monthly gains in the Zillow survey
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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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A Housing Boom Could be Coming

NEW YORK (CNNMoney) -- The long-battered housing market is finally starting to get back on its feet. But some experts believe it could soon become another housing boom. Signs of recovery have been evident in the recent pick ups in home prices, home sales and construction. Foreclosures are also
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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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New home sales hit a two year high

NEW YORK (CNNMoney) -- In another sign of a housing market recovery, new-home sales rose in September to the highest level in more than two years, according to a government report released Wednesday. Sales sold at an annual rate of 389,000 homes in the month, according to the Census Bureau
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Foreclosures fall in 62% of the nation’s 212 largest markets

NEW YORK (CNNMoney) -- Foreclosures fell in nearly two-thirds of the nation's largest metro areas during the third quarter, according to RealtyTrac Thursday. With 62% of the nation's 212 largest markets seeing foreclosure activity shrink during the latest quarter, the ongoing decline is yet
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Five Smart moves for first time homebuyers

As a first-time real estate buyer, you probably have no idea how the overall purchasing process works or how to make sure you’re making a smart decision to purchase. And you’ll probably be very surprised to learn how much work it really is just to buy a home. To get you started in the right
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