Real estate in California is on the move

2 reports show Calif. real estate on a roll Two reports show California real estate on a roll. California home sale prices came close to a 4-year high in July, with the pace of sales year-over-year growing for the fourth month in a row, the California Association of Realtors says. “It’s hard to generalize the …

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CoreLogic: Number of Completed Foreclosures Down for February

The number of completed foreclosures in February 2012 was down on a monthly basis and slightly on a year-over-year comparison, but overall, foreclosure inventory has decreased compared to a year ago, according to CoreLogic’s National Foreclosure report for February. Completed foreclosures are counted as properties that get auctioned off and purchased by a third party, …

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Is housing looking up?

USA Today posted an article entitled: “Housing outlook is more upbeat.”  Apparently, it’s believed that the housing market is finally nearing the bottom for good.  According to the article, both home sales and home building are expected to rise this year–after the steep decrease in both the past five years.  Here are just a few …

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Thirty-Year Fixed-Rate Matches All-Time Low

Fixed mortgage rates started the year at or near their all-time record lows, according to market data published by Freddie Mac Thursday. The GSE reports the interest rate on a 30-year fixed mortgage averaged 3.91 percent (0.8 point) for the week ending January 5, 2012. That’s down from 3.95 percent the previous week and matches …

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