Industry Insiders Weigh in on Case-Shiller Uptick

In what Standard & Poor’s analysts described as a “welcome shift from recent months,” the closely watched S&P/Case-Shiller index showed its strongest positive movement since June of last year with the release of Tuesday’s report. The 20-city composite reading posted a 0.7 percent increase in April versus March. The 10-city composite was up 0.8 percent. …

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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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Is recovery in sight for the housing market?

It looks as if the housing market is repeating history.  Turns out that like the stock market, real estate is relative and everything is cyclical, just like every other type of economics.  Prices and sales go up, and they go down.  And then they do it all over again. Although it’s a volatile market right …

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Mortgage Rates Head Higher This Week

For the second week in a row, mortgage interest rates have edged up, according to data released Thursday by Freddie Mac. The GSE’s chief economist attributed the rise to positive news on the economic front that suggests the recovery is gaining some traction and consumers are more confident in the job market. According to Freddie …

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