California home sales increase in October

Home sales increased 8.5 percent to a seasonally adjusted annual rate of 493,240 units in October compared with a year earlier, C.A.R. reported.  On a month-over-month basis, home sales in the state rose 0.9 percent. “Based on preliminary analysis, it appears that the lower conforming loan limits has had a cooling effect on home sales …

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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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The newest threat to home prices

FORTUNE — The rancorous debate about how to address our escalating national debt has dominated the conversation in Washington lately. What isn’t getting much attention inside the Beltway — but should — is a looming event that could have major consequences not only for your home’s value but also for the overall economic recovery. Barring …

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Congressman Suggests Extension of Conforming Loan Limit

Congressman Gary Ackerman (D-New York) sent a letter to House Appropriators Thursday urging them to extend the temporarily increased conforming loan limit that will otherwise expire October 1. Ackerman was joined by 36 members of Congress in his request. Ackerman suggested the conforming loan limit extension be built into the continuing resolution that will keep …

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