Mortgage Employment Cut in Half in Last Five Years

More than a half million people worked in mortgage lending as of October 2005 — the highest month on record. Five years later, fewer than half are left. Headcount in real estate finance fell by another thousand during the third quarter of this year, according to industry data released Monday. During the July-September period, 3,216 …

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California housing prices on the rebound

The national housing market is shrouded in uncertainty. But in California, there are glimmers of stability. Home prices are rising in virtually every corner of the state. They’ve climbed for nine consecutive months, and in July posted a 10.4% gain year-over-year. That puts the state’s median price at $315,000 — nearly twice the national median …

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Both Stabilization and Frailty in Housing Market Conditions

Both Stabilization and Frailty in Housing Market Conditions Housing conditions continued to show signs of stabilizing during the second quarter of this year, following a downward trend that began to reverse itself in mid-2009, HUD says in a new report. The federal agency immediately follows that assessment, though, with “the housing market’s recovery remains fragile.” …

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