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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The case for home ownership is looking stronger

According to a recent article in the Wall Street Journal, despite the gloom you hear, there are growing indications that it is a good time to buy. Mortgage rates, which fell to 4.55% for the week ending June 2, according to Freddie Mac, are near 50-year lows. Homes have become more affordable than they have …

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Fannie Mae sees slight housing market improvement

Fannie Mae’s latest market outlook continues to call for a “modest improvement” in housing activity this year, although the prevalence of distressed properties on the market has led to renewed weakness in home prices and the industry’s shadow inventory looms large. The GSE’s chief economist notes that as the economic recovery approaches its two-year anniversary …

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Sales of Existing Homes Gain Ground in November

Existing-home sales got back on an upward path in November, resuming a growth trend since bottoming in July, the National Association of Realtors (NAR) reported Wednesday. Sales of previously owned homes rose 5.6 percent last month to a seasonally adjusted annual rate of 4.68 million, according to the trade group’s market study. That follows a …

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