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31 August, 2010 13:18
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USA > Real estate
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Home prices gain 3.6% in past year
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"While the numbers are upbeat, other more recent data on home sales and mortgages point to fewer gains ahead," said David M Blitzer, chairman of the Index Committee at Standard & Poor's "Even with concerns about near term developments, we recognize that the housing market is in better shape than this time last year"Of course,...
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30 August, 2010 11:18
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USA > Real estate
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Surprise! Banks help more homeowners than Obama
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Banks have realized that foreclosing on home after home after home may not be in anyone's best interest -- least of all their own So they've ramped up the number of loan modifications they're handing out to their delinquent clientsBanks are doing nearly twice as many modifications under their own foreclosure prevention initiatives than under the Obama...
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27 August, 2010 09:39
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USA > Real estate
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Remodeling your home? Get online
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Follow these tips to avoid glitches and get the most for your money To find a contractor: Sites that are driven by consumer ratings are your best bet That's because you get to see what as many as hundreds of prior customers say about all the pros in your area Just watch for sites with anonymous postings and ads that appear in search results that look...
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26 August, 2010 09:49
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USA > Real estate
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Say goodbye to the McMansion
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"Home buyers are asking for less, cutting back on options and reducing square footage," said Steven Pace of the North Carolina-based Pace Development Group, which builds both custom and tract houses ranging in price from below $250,000 to more than $2 million"They're saying, 'Maybe we don't need that 5,000 square footage;" he said...
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25 August, 2010 14:16
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USA > Real estate
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New home sales drop 12.4%
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Commerce started tracking new home sales in 1963Sales were forecast to tick higher to an annual rate of 334,000 in July, according to a consensus estimate of economists surveyed by Briefingcom "The report shows the housing industry is still nursing a bad hangover," said Mitchell Hochberg of Madden Real Estate Ventures in New York "With...
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25 August, 2010 09:57
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USA > Real estate
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The best moves for home buyers and sellers
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Take such unreasonable expectations, multiply by two, and what do you get? "A standoff," says Glenn Kelman, CEO of real estate brokerage Redfin With the busy summer home-sale season drawing to a close, there's little time to waste Whether you're trying to unload your place or land a new one, follow these dos and don'ts to negotiate the best...
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24 August, 2010 21:00
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USA > Real estate
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10-year yield at 19-month low
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The yield on the 2-year note dropped to 048%, holding near an all time-low, while the 5-year yield slid to 133% The yield on the 30-year bond was 356%, down from 366%The flight to safety boosted demand for the $37 billion worth of 2-year notes that the government sold Tuesday, with investors submitting bids totaling $115 billion for the notes The bid-to-cover...
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24 August, 2010 14:19
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USA > Real estate
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Existing home sales plunge 27%
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Analysts surveyed by Briefingcom were looking for resales in July to fall to an annual rate of 472 million unitsThe sales pace of all homes -- single-family homes, townhomes, condominiums and co-ops -- is at the lowest since NAR began tracking the figure in 1999 Sales of single-family homes, which account for a bulk of the transactions, are at the lowest...
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23 August, 2010 19:22
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USA > Real estate
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The latest real estate rip-off?
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But in some new developments, homebuilders are including in contracts a 1% fee to be paid to them every time the house is sold -- for 99 years And the money doesn't go for improvements or upkeep: It's just money in the builders' pocketsThat has the real estate industry and consumer protection groups up in arms"It's of no benefit to consumers,"...
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20 August, 2010 16:07
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USA > Real estate
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Foreclosure program losing its punch
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A month ago, 51,205 delinquent borrowers were given long-term assistanceThe number of people falling out of the program, however, is on the rise Some 12,912 homeowners had their permanent modifications canceled in July, 272 of whom paid off their loansObama officials acknowledge that the foreclosure rescue program will not help every troubled homeowner...
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18 August, 2010 07:00
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USA > Real estate
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New Phase Now Available at Trellis at Windingwalk
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() New opportunities to buy and up to $20,000 in incentives on select home sites have been announced by builder Brookfield Homes at the Chula Vista new-home neighborhood Trellis at Windingwalk Seven homes in Phase 7A at Trellis were released for sale Saturday Current pricing starts at $440,900, and California new home tax credit eligibility of...
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17 August, 2010 13:22
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USA > Real estate
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New home construction rises, but outlook weakens
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Economists were expecting housing starts to rise to 555,000, according to a consensus estimate from Briefingcom On a year-over-year basis, starts fell 7% from July 2009"Activity in the housing market is likely to remain depressed for several years," Paul Ashworth, US economist at Capital Economics, said in a research note "Housing is...
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16 August, 2010 16:45
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USA > Real estate
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Fed to protect consumers from abusive mortgages
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Under the new rules, lenders will also have to disclose how borrowers' payments could change over time, including the maximum amount that could be owed under an adjustable rate loan Homebuyers will also have to be told about any balloon payments due at the end of the loan's termThe Federal Reserve has been tightening mortgage lending regulations in...
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16 August, 2010 09:19
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USA > Real estate
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The wasted 4.44% mortgage rate
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Last week, US mortgage rates fell for the eighth consecutive week to a record low after the Federal Reserve said it would buy more government debt to help the economy recover A 30-year fixed-rate mortgage in the week ending Thursday dropped to 444% from 449%, according to Freddie Mac, which noted it was the lowest since the mortgage finance company...
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16 August, 2010 07:00
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USA > Real estate
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A LOCAL RETAILER IS EXPANDING IN ARLINGTON, TEXAS
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() Arlington, TX- Lincoln Court Shopping Center is pleased to announce that Texstar Installs will be joining the shopping center’s tenant roster Texstar Installs specializes in the retail sale, installation and maintenance of swimming pools, spas and billiard tables Texstar Installs currently has a warehouse location in Fort Worth, but chose...
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11 August, 2010 18:21
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USA > Real estate
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Home prices slowly creeping up
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"All year we've been seeing relatively flat national home prices, which appear to be supported by market fundamentals," he said "We don't expect any consequential movement in home prices for the foreseeable future," said YunThe biggest year-over-year gains were in an odd mix of cities Akron, Ohio, for example, an old city where foreclosures...
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12 August, 2010 18:23
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USA > Real estate
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30-year mortgage rate lowest since 1971
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The 15-year fixed rate fell to 392% this week, the lowest since Freddie Mac began tracking it 1991, down from 395% last week and from 468% a year agoAdjustable-rate mortgages also declined, with the 5-year rate falling to 356% this week, the lowest since 2005 when the lender began tracking itMortgage tracker Bankratecom, which surveys large lenders...
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