Category Archives: Mortgage
Sales of million dollar homes swoon
Source: CNBC Sales of homes priced above $1 million fell 4 percent in July from a year ago, according to the National Association of REALTORS®. Activity is far more robust at the entry level and middle of the market, thanks to a drop in mortgage...
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This is the best time in history to invest in real...
Source: MarketWatch If you’re an investor, there’s never been a better time in history to get into real estate, according to a MarketWatch contributor. Prices continue to increase, with median home prices rising to new all-time highs in some...
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Tax relief bill for distressed California homeowners deep-sixed
Source: Sacramento Bee Senate Bill 907, authored by Sen. Cathleen Galgiani (D-Manteca) died in the Legislature earlier this month. The bill would have extended through 2016 a tax break for millions of Californians with underwater homes. These...
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Homeowners overestimate their home values
Source: Housing Wire To be sure, home prices are rising and even hitting highs in some markets but they are not rising quite as high as homeowners may think, according to the National Home Price Perception Index (HPPI) release by Quicken Loans....
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Homeownership Rate in the U.S. Tumbles to the Lowest Since 1965
Source: Bloomberg The share of Americans who own their homes was 62.9 percent in the second quarter, the lowest since 1965, according to a Census Bureau report just released. As rising prices put buying out of reach for many renters, it was the...
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