2012 could be record year for short sales

2012 is on track to become a record year for short sales, according to a report from foreclosure data aggregator RealtyTrac. Sales of U.S. homes in the foreclosure process, typically short sales, rose 33 percent year over year, to 35,000, in January. A total of 32 states saw annual increases in short sales, and 12 …

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Mortgage Rates Reverse Course

Freddie Mac reported Thursday that mortgage interest rates have done a 180 and are now starting to climb, buoyed by positive housing data over recent weeks which show the market ended 2011 on a high note. Still, interest rates on home loans remain extremely low by historical standards. For the week ending January 26, the …

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O.C. hottest housing? Easily, Newport Beach 92660

From the Orange County Register: If you want to understand Orange County’s housing slump at its simplest, please note that just one ZIP code of the county’s 83 major ZIPs enjoyed both rising sales and an increased median selling price in the first half of 2011 vs. the year before. And that ZIP was, according …

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California home sales hit 7-month high in December

California home sales rose in December to their highest level since May, according to a report Friday from the California Association of Realtors, as the inventory of unsold homes dwindled. December’s sales were up 5.9 percent from November’s revised figure of 491,590 but were down 6.8 percent from the revised 558,840 of December 2009. The …

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