California real estate market “struggling to gain momentum”

California home sales are expected to remain essentially flat this year and rise slightly in 2012, according to a housing market forecast from the CALIFORNIA ASSOCIATION OF REALTORS®. The trade group predicted California home sales this year will stay roughly flat compared with 2010, at 491,100 units — a relative improvement given the 10 percent …

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O.C. hottest housing? Easily, Newport Beach 92660

From the Orange County Register: If you want to understand Orange County’s housing slump at its simplest, please note that just one ZIP code of the county’s 83 major ZIPs enjoyed both rising sales and an increased median selling price in the first half of 2011 vs. the year before. And that ZIP was, according …

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Pending home sales rise again in March

Video is from www.Realtor.org. Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in March, rose 5.3 percent to 102.9 from 97.7 in …

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Counseling Improves Mortgage Payment Success

If you or someone you know is having trouble paying each month’s mortgage payment, you may want to consider foreclosure prevention counseling. Data released by NeighborWorks American finds that a homeowner working with a housing counselor is nearly two times more likely to avoid foreclosure than those who don’t.  Counseled borrowers also tend to lower …

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