NAR: 2012 home sales will be strongest in past 5 years

The NATIONAL ASSOCIATION OF REALTORSĀ® is predicting existing-home sales will jump 7 to 10 percent in 2012 to the highest level in five years, based on an “uneven but higher sales pattern” so far this year. Pending home sales fell a seasonally adjusted 0.5 percent from January to February, which was up 9.2 percent from …

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International buyers in U.S. real estate markets

10 U.S. real estate markets drawing international buyers Inman News report features data trends, analysis, commentary on popular areas By Inman News Affluent international buyers, attracted by fire-sale prices, are snapping up real estate in some U.S. markets. In a report released today, Inman News identifies 10 markets where public records indicate foreign buyers make …

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FHA mortgages are poised to get more expensive

The Federal Housing Administration (FHA) plans to impose significant restrictions on the amount of money that sellers can contribute at closing in the near future. The FHA also will be raising its mortgage insurance premiums during the coming weeks, increasing charges for new purchases across the board. Making sense of the story: One reason for …

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Another Drop in Home Prices in 2011

Home prices in 2011 fell by 4.7 percent, according to CoreLogic–for the fifth straight year.Ā  However, that decrease is due in large part to distressed sales, since once CoreLogic excluded short sales and REOs, prices declined only by 0.9 percent. Year-end data from CoreLogic shows home prices fell by 4.7 percent over 2011. It marks …

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