California housing on the rebound?

California housing rebound picks up speed, Realtors report | article by the OC Register “California’s housing rebound is picking up steam. Homes in May moved statewide at their fastest pace – and enjoyed their biggest year-over-year gain – in three years, according to the California Association of Realtors. The Realtors’ May report noted these statewide trends for single-family …

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Americans More Optimistic About Housing, Economy

Americans’ concerns over housing and the economy are subsiding, according to Fannie Mae’s National Housing Survey from February. An improving job market is a big part of what’s behind Americans feeling more confident about the housing market and the direction of the economy, according to the survey. “The pickup in the pace of hiring over …

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Foreclosure backlogs persist

The improving job market and economy is helping push mortgage delinquencies and foreclosure starts down, but the percentage of loans in the foreclosure process remains stubbornly high, especially in states most affected by robo-signing issues, according to a quarterly survey of lenders by the Mortgage Bankers Association. Since peaking at 10.1 percent in March 2010, …

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Five bright spots in real estate recession

The real estate market meltdown was much more severe and has lasted much longer than even the most bearish housing market observer would ever have predicted. Rather than values taking a dip, they’ve taken a double dip in many places; and the housing sector drama has infected the job market and the entire world’s economy. …

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