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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As Americans consider the best candidates for the 2012 presidential and congressional elections, housing is at the forefront of the debate for many. About 70 percent of Americans say a candidate’s position on housing could sway their vote, according to a survey released Tuesday by Move, Inc. However, Americans differ in their views of what …
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PMI Says Risk of Home Prices Heading Lower Diminished Slightly The chances of home prices falling further lessened in the first quarter of 2010 compared to the previous quarter, according to a new study from mortgage insurer the PMI Group. The company’s U.S. Market Risk Index – which assesses the probability (ranging from zero to …
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The percentage of borrowers underwater on their mortgage declined during the second quarter, but that welcome change of pace could come to an abrupt end as home values are again beginning to fall in markets across the country. The real estate data provider Zillow reported Monday that negative equity — which refers to the percentage …
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