Housing

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Detroit Still Offers $1,000 Houses

While there is little or no sign of the success of Detroit's program to sell homes for as little as $1,000, the opportunity continues. The Detroit Land Bank Authority may claim the ...
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foreclosure notice

Florida Tops List of Most Foreclosures

Homeowners in Florida suffered more than those of any other state when the housing bubble collapsed. The aftershocks have not entirely gone away. Florida had a higher foreclosure rate than any ...
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House for Sale

Mortgage Loan Rates Rise for Third Straight Week

The Mortgage Bankers Association (MBA) released its report on mortgage applications Wednesday morning, noting a week-over-week decrease of 1.5% in the group’s seasonally adjusted composite index for the week ending ...
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home building

Homebuilder Confidence Weakens on Soft Sales; Outlook Improves

The National Association of Home Builders (NAHB)/Wells Fargo housing market index for May decreased from a prior reading of 56 in April to 54. The reading came in below a ...
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Townhouses

Detroit, Miami Metro Areas Lead in Cash Home Sales

In February of 2015, cash sales comprised 37.9% of all home sales, down from 40.6% in February of 2014 and marking the 26th consecutive monthly year-over-year decline. Cash sales fell ...
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House for Sale

Mortgage Loan Rates Edge Toward Year-to-Date Highs

The Mortgage Bankers Association (MBA) released its report on mortgage applications Wednesday morning. It noted a week-over-week decrease of 3.5% in the group’s seasonally adjusted composite index for the week ...
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New home

Most and Least Expensive Home Markets in America

In a report issued Monday morning, the National Association of Realtors (NAR) revealed that the median price for an existing single-family home rose in 85% of the 174 U.S. metropolitan ...
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House for Sale

Best Markets to Flip a Home

In the first quarter of 2015, a total of 17,309 homes were sold as part of an arm's-length sale for the second time in a 12-month period. The common term ...
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House for Sale

Mortgage Loan Rates Rise Near Year-to-Date High

The Mortgage Bankers Association (MBA) released its report on mortgage applications Wednesday morning. It noted a week-over-week decrease of 4.6% in the group’s seasonally adjusted composite index for the week ...
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Home Prices Rising Fastest in Colorado and South Carolina

Home prices in the United States rose for the 37th consecutive month in March, and the monthly increase ticked up at a higher rate. Compared with March of 2014, home ...
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House for Sale

Buying a House Causes More Anxiety Than Getting a Root Canal

As the spring home-buying season shifts into a higher gear, survey results released last week from Chase indicate that just 24% of Americans plan to research or consider buying a house in ...
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Townhouses

Pending Home Sales Higher for Third Consecutive Month

The National Association of Realtors (NAR) Monday morning released its data on pending sales of existing homes for March. The pending home sales index rose 1.1% from an upwardly revised ...
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House for Sale

Mortgage Loan Rates Mixed Last Week as Buyers Start to Appear

The Mortgage Bankers Association (MBA) released its report on mortgage applications Wednesday morning, noting a week-over-week decrease of 2.3% in the group’s seasonally adjusted composite index for the week ending ...
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Distressed Home Sales Continue to Decline

U.S. sales of distressed homes totaled 13.5% of all homes sold in February of this year according to data from CoreLogic Inc. (NASDAQ: CLGX) and published on the company’s blog. ...
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Housing development

Denver, Miami, Dallas Post Largest Gains in Case-Shiller Index

In 17 of 20 U.S. cities included in the S&P/Case-Shiller home price index, February house prices increased from a year earlier. The largest year-over-year gains came in Denver (10.0%), Miami ...
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