Distressed home sales rising

Pending home sales rose in February, as did the share of distressed properties sold, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported this week. MAKING SENSE OF THE STORY Pending home sales in California increased in February, according to C.A.R.’s Pending Home Sales Index (PHSI)*.  The index was 112.1 in February, rising 20.6 percent from January’s …

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Slowing Improvement in Mortgage Delinquencies

TransUnion has released its findings and analysis on mortgage delinquency for the fourth quarter of 2010, which found that the national mortgage loan delinquency rate dropped to 6.41 percent. This statistic, which is traditionally seen as a precursor to foreclosure, reflects a decrease of 0.47 percent from the company’s third quarter reading of 6.44 percent. …

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What is Title Insurance?

The purchase of a home is for many, the single largest investment you’ll make in your lifetime.  It is only prudent to safeguard your rights and investment.  Title insurance assures your rights and interests to the subject property, transfer of ownership, and protection from future claims against the property.  It is the most effective and …

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Boomer Expectations Set To Affect Home Markets Over The Next 10 Years

American housing in the next decade is expected to be shaped by the changing values of adults ages 46 to 64, a study by the Urban Land Institute indicates. The people in this demographic are healthier than the previous generation of home buyers and expect to work, at least part-time, past the typical retirement age. …

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