Home Prices Down in 2011, but Market Stability Forecast for 2012

While year-over-year home price measurements notched down in 2011, prices are expected to see a slight uptick in 2012, according to Clear Capital. Should the valuation company’s predictions ring true, it would be the first time since 2006 that the change in annual home prices has landed in positive territory. Data released by Clear Capital …

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Foreclosure Filings Down 3%

Foreclosure activity slipped 3 percent in November when compared to the previous month, but filings at various stages of the process showed starkly different movements, according to RealtyTrac’s latest market report. Scheduled auctions hit a nine-month high following the default surge that began in August. At the same time, RealtyTrac says REO activity is at …

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All-cash buyers pump up the local market

Cash is king in the real estate market throughout Southern California in general and in Orange County in particular, where thanks to falling home prices, more people with the means seem interested in plunking down a lump sum and getting a home free and clear. But many of these buyers aren’t just people in search …

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Existing Home Sales Still On The Rise

Existing home sales rose again in January, for the third consecutive month, with the annual rate of 5.36 million marking the first time in seven months that sales activity was higher than a year earlier. The National Association of Realtors (NAR) released their monthly report on existing home sales on Wednesday. Home sales are now …

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