Consumer optimism may bump into housing market reality

Consumer optimism may bump into housing market reality More than half of U.S. consumers expect home prices in their local market to return to their bubble-era highs within the next 10 years, according to the latest American Dream survey from real estate search and marketing site Trulia. Market research firm Harris Interactive conducted the biannual …

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REOs: Where Are They Now?

Five years into the housing crisis, and foreclosures remain elevated. We’ve seen temporary lulls in home repossessions that coincided with the implementation of new state and municipal mediation efforts, moratoria enacted as federal programs ramped up, and suspensions of filings as lenders initiated paperwork reviews last fall. But by all accounts, the foreclosure tide has …

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Urgency Sells Homes

After the tech bubble burst, people were leery about putting money into the stock market, and instead poured money into housing. It was easy to get financing — too easy, as it turned out. The inventory of homes for sale was low, and demand was high. When the demand is high and supply is low, …

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All-cash home sales hit record highs

All-cash home buying is surging across the United States, including in Orange County, as lenders tighten mortgage standards, middle-class buyers are sidelined and investors see opportunity. Nationwide, cash buyers grabbed 33 percent of all used homes sold in February, the National Association of Realtors reported March 21. The figures, based on agent reporting, do not …

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