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New sales of single-family homes soared to a seasonally adjusted annual rate of 369,000 in May, reaching their highest point since April 2010, according to the government. Sales were 7.6% above April's 343,000 rate and 19.8% above the 380,000 level
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Knowing the difference between getting prequalified for a loan, and preapproved for a loan equips you to have the right information at the right time. Getting pre-qualified for a loan gives you an idea of how much you might qualify to borrow. You have
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Can housing upsize and downsize at the same time? Absolutely. Despite the sluggish real estate market, two age groups continue to be active: Younger buyers are bent on upsizing, while older empty-nesters are keen on downsizing. Here's who's buying
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Warm weather doesn’t always bring good news. An unusually toasty winter may have poached sales of previously owned homes from March, denying it the expected springtime boost. Consumers bought 2.6% fewer existing homes – pushing the seasonally
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While the pace of California home sales declined in March, the median home price in the state increased for the first time in 16 months. Sales of existing, single-family detached homes, seasonally adjusted, was 505,360 in March, a 4.5% drop from February
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FHA has financing for homeowners who are short selling their home and wants to repurchase another home after the short sale is approved and completed thru their current lender. There are a number of home owners who will qualify for this program by meeting
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County Name Single Family Duplex Tri-plex Four-plex ALAMEDA $625,500 $800,775 $967,950 $1,202,925 OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION ALPINE $463,450 $593,300 $717,150 $891,250 NON-METRO AMADOR $332,350 $425,450 $514,300 $639,150 NON-METRO
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Home ownership rates in America continue to increase at a steady rate due in a large part to the implementation of FHA home loans more than seventy years ago. Over the years, FHA has helped Americans gain the financial independence that comes with owning
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The mortgage engine seems stuck in low. For five straight weeks, Freddie Mac 's survey of the rates offered by home lenders for 30-year loans has averaged at or below 4%. The most recent Freddie survey came out Thursday at an even 4% — a level
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Reporting from Washington— How big a whack did your credit scores take during the grim years of economic distress after the housing bust? Was it 20 points, 50 points, 100 points — or maybe no drop at all? These are key questions for millions
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Tracking the local real estate market is practically a hobby for Yetta Levitt of central Florida. And she has always bought and sold houses by owner, saving thousands in commissions. But even the formidable talents of Levitt were challenged by the merciless
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Mortgage rates tumbled to the lowest level in the history of Freddie Mac's weekly survey, with 30-year fixed-rate home loans being offered this week at an average 4.15%, down from last week's 4.32%. Freddie Mac said in its weekly report that loans
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House values continue to fall, so who cares if top loan limits drop accordingly? Well, agents and homebuilders care. Right now, about $729,000 is the biggest mortgage that will ‘conform’ to the cookie-cutter standards for the secondary market
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This post has been corrected. See the note at the bottom for details. A closely watched index of home prices in America’s largest cities ticked up in April over March, the first such improvement in eight months, though experts attributed the increase
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Amid mixed economic news, long-term mortgage rates are little changed for the fourth week in a row, with lenders offering 30-year fixed-rate home loans to solid borrowers at an average of 4.51%, according to the latest Freddie Mac survey. That compared
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