Smaller Percentage of Homeowners Underwater in Q2

The percentage of borrowers underwater on their mortgage declined during the second quarter, but that welcome change of pace could come to an abrupt end as home values are again beginning to fall in markets across the country. The real estate data provider Zillow reported Monday that negative equity — which refers to the percentage …

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Home prices rise despite fewer sales

Following the expiration of the federal home buyers tax credit, sales of existing, single-family homes in California declined 4.2 percent during the month of June compared with the prior year, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) June sales and price report.  Meanwhile, the median price of existing homes in California rose 13.6 percent …

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Road to recovery: Local housing market showing signs of strength

From the San Gabriel Valley Tribune: Both the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) and the NATIONAL ASSOCIATION OF REALTORS® (NAR) released monthly housing reports this week. However, each report told a different story about the housing market.  Nationally, home sales declined but in California home sales rose 14.1 percent in May compared with April and …

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Did real estate rally spring a leak?

The following article is from the OCRegister: “We hate to be party spoilers, but just as the real estate ball gets rolling this spring … some storm clouds appear. Take homebuilders, who are enjoying a noteworthy resurgence after their worst sales drought since World War II. One measure of developer psyche in the West tossed …

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