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Phoenix Finds Its Way Out of the Downturn: A Model for Recovery 05/02/2012 By: Carrie Bay The Arizona capital of Phoenix was one of the hardest hit markets by the housing crisis, with home values plunging nearly 60 percent from 2006 through mid-2011 and
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Pending Sales of U.S. Existing Homes Increased 4.1% in March By Lorraine Woellert - Apr 26, 2012 11:34 AM ET Signed contracts to buy U.S. homes rose more than forecast in March as low interest rates drew buyers back into the market. The index of pending
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Economists Respond to March's Fall in Existing Home Sales 04/19/2012 By: Esther Cho The National Association of Realtors ( NAR ) reported Thursday that existing home sales decreased 2.6 percent, in March, to a seasonally adjusted annual rate of 4.48
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BofA Makes Changes to Trim Short Sale Timeline 04/09/2012 By: Carrie Bay Bank of America is making changes to its short sale procedures and introducing an improved task flow within the short sale technology module from Equator , BofA’s short sale
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Credit Scores Rising, LTVs Dropping on New Mortgages: Report 04/06/2012 By: Carrie Bay Mortgage lenders remain cautious in terms of credit quality, down payments, and valuations, as evidenced by the findings outlined in the new Origination Insight Report
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Spring Outlook: Reports From the Field Suggest Better Days Ahead 04/02/2012 By: Carrie Bay Despite the fact that key market indicators released in recent weeks have shown declines in home sales, anecdotal reports from real estate agents in the field suggest
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Spending Growth Outpaces Income in February, Savings Rate Declines 03/30/2012 By: Mark Lieberman, Five Star Institute Economist Consumer spending grew 0.8 percent in February, the Bureau of Economic Analysis ( BEA ) reported Friday, fueling expectations
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Experts Expect to See Broad Improvements, Home Prices to Rise in 2013 03/28/2012 By: Esther Cho The Urban Land Institute released its Real Estate Consensus Forecast Wednesday morning, and overall, the 38 real estate economists and analysts surveyed projected
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Sales in California Up in February, Median Prices Down 03/16/2012 By: Esther Cho Home sales in California showed signs of improvement for February compared to the previous month of January and year before in February 2011, according to data from the California
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Mortgage Rates Head Higher on Positive Economic Data 03/15/2012 By: Carrie Bay Rates for all mortgage loan products headed higher this week as positive employment indicators rolled in, with job growth over the last six months the strongest it’s
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BofA to Offer Principal Reductions of More than $100K 03/12/2012 By: Krista Franks Brock Some Bank of America borrowers may be in for principal reductions in amounts exceeding $100,000, according to the latest developments in the settlement the bank and
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Home Affordability Index Reaches Record-High Level 03/07/2012 By: Esther Cho Home affordability has reached the highest peak since 1970, which is when the data was first recorded, according to National Association of Realtor’s (NAR) housing affordability
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Foreclosures Spike in January: Is the Backlog Clearing? 03/06/2012 By: Carrie Bay Data through the end of January shows significant movement in both foreclosure starts and sales, and it has some market watchers saying the lull in foreclosure activity
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Report: 22.8 Percent of U.S. Homes Are Underwater 03/01/2012 By: Esther Cho The number of homes with negative equity, also known as underwater homes, went up for the 2011 fourth quarter to 11.1 million, or 22.8 percent, CoreLogic revealed in a release.
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Housing Crisis to End in 2012 as Banks Loosen Credit Standards 01/24/2012 By: Krista Franks Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit. The analytics firm
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