Homes under contract hit 2.5-year high in November

Demand in the Northeast and West drove an increase in pending home sales in November to the highest level in 2 1/2 years. Pending home sales grew by 1.7 percent from October to November and were up 9.8 percent from a year ago, reaching their highest level since April 2010, when buyers were rushing to …

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Congress votes to restore FHA loan limits

House and Senate leaders signed off on a conference report for a “minibus” appropriations bill that included language restoring FHA’s ability to insure loans of up to $729,750 in high cost markets through 2013. Because the minibus appropriations package also contains a continuing resolution to avoid a government shutdown and continue federal operations until Dec. …

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Housing Markets Becoming Less Saturated with REOs

Housing Markets Becoming Less Saturated with REOs The nation’s REO stock fell 0.6 percent in May to 524,000 properties, according to analysis released by Barclays Capital. In addition, the research firm estimates that housing’s shadow inventory – which Barclays defines as the supply of homes that are 90 or more days delinquent or in the …

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Housing Markets Becoming Less Saturated with REOs

Markets Becoming Less Saturated with REOs The nation’s REO stock fell 0.6 percent in May to 524,000 properties, according to analysis released by Barclays Capital. In addition, the research firm estimates that housing’s shadow inventory – which Barclays defines as the supply of homes that are 90 or more days delinquent or in the process …

Continue reading ‘Housing Markets Becoming Less Saturated with REOs’ »