Archive of posts tagged U.S. economy

NAR: 2012 home sales will be strongest in past 5 years

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The NATIONAL ASSOCIATION OF REALTORS® is predicting existing-home sales will jump 7 to 10 percent in 2012 to the highest level in five years, based on an “uneven but higher sales pattern” so far this year. Pending home sales fell a seasonally adjusted 0.5 percent from January to February, which was up 9.2 percent from …

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Federal refinance plan in the works for underwater borrowers?

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It looks as if a federal plan is in the works to help underwater borrowers with mortgages not backed by Fannie Mae or Freddie Mac.  The proposal, outlined in President Obama’s State of the Union address, would help millions of homeowners in America.  Borrowers would need a minimum credit score of 580 to be eligible.  …

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