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Monthly Archives: April 2011
Five markets you wouldn’t expect are on road to recovery
April 28, 2011: While prospects for the housing market are moderate, at best, several markets are showing signs of improvement — even some that endured the brunt of the crisis. The National Association of Realtors released a report that found … Continue reading
Slower Growth For Now
April 28, 2011: America’s recovery slowed in the first quarter of 2011. At a seasonally adjusted annual rate, real GDP grew by 1.8% in the first three months of the year, down from the 3.1% growth performance in the fourth … Continue reading
Posted in Economic Trends, Uncategorized
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California
April 21, 2011: IN THE SWELTERING June of 1852, two years after California became a state and at the height of the Gold Rush, August Schuckman “came to the first sand desert” on the trail to the land of his … Continue reading
Posted in Economic Trends, Uncategorized
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FICO credit score predicts strategic default
April 21, 2011: A new way to predict the likelihood borrowers will default, even if they can afford their mortgage, just hit the marketplace. FICO Labs, a unit of Fair Isaac Corp. [FICO]], is releasing new technology that helps lenders … Continue reading
Las Vegas home sales up 8 percent from last year
April 19, 2011: March home sales increased by double-digits from a month earlier in nearly all U.S. metropolitan areas, according to the RE/MAX National Housing report released Tuesday. That’s an encouraging sign for the housing market as it enters spring … Continue reading
Posted in Real Estate Trends, Uncategorized
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Short sale bill sent to Congress
April 14, 2011: A bill was introduced in the House of Representatives this week, requiring mortgage servicers to respond within 45 days of receiving a short sale request. The bill was introduced by Rep. Tom Rooney (R-Fla.) and Rep. Robert … Continue reading
Housing problems leave workers stuck
APRIL 14, 2011: RECENTLY, a friend of mine who works in technology told me that he wanted to move to California for better job reasons, but the likely uncertainty about his house and mortgage in New England was holding him … Continue reading
Posted in Real Estate Trends, Uncategorized
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March foreclosure sales doubled in Nevada
April 12, 2011: The state of Nevada saw foreclosure sales jump 109.5% on a daily average basis. At the same time, foreclosure starts declined across the West Coast March even as the overall number of filings in California, Nevada and … Continue reading
Pre-approved short sales before an offer
April 12, 2011: This topic of pre-approved short sales has been coming up over and over in the past few weeks, and it deserves more attention. A pre-approved short sale generally refers to a short sale with a sales price … Continue reading
