O.C. homebuying surges 22%

Highlights of DataQuick’s Orange County homebuying report. For the 22 business days ending October 12 — the latest numbers — Orange County’s real estate market saw total Orange County sales of 3,113 residences closed in the latest period — that is up 21.8% vs. a year ago. Median selling price for all residences of $455,000 …

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Home Prices Have Been Rising for Three Months

Home Prices Have Been Rising for Three Months: Report Standard & Poor’s reported Tuesday that it’s closely watched Case-Shiller index declined in January for the fifth straight month. But according to John Burns Real Estate Consulting (JBREC), that’s stale news and doesn’t reflect what’s actually happening in the market right now. In fact, the independent …

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Housing market strengthening slowly

The year 2011 is ending on a high note as economists anticipate some signs of recovery ahead. Prices appear to be reaching their trough, visible supply is on the decline, and banks are beginning – just slightly – to loosen lending standards, according to a fourth-quarter report from Capital Economics. However, Capital Economics warns these …

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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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