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The Government Wants out of the Housing Market

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The Government Wants out of the Housing Market The US federal government is looking to get out of the housing market whether we are prepared for it or not. Actually, the scheduled date of the fed pull out has been narrowed down to be within a few months time. By this happening there will be […]

7.2 Million U.S. Homes Now Behind on Payments

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7.2 Million U.S. Homes Now Behind on Payments According to the latest January 2010 Mortgage Monitor Report by Lender Processing Services, home loan delinquency rates in the U.S. have now surpassed 10 percent. Factoring in foreclosures in process, the total non-current rate sits at 13.3 %. When extrapolated to reflect the entire mortgage industry, this […]

New Proposals to Protect Homeowners

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New Proposals to Protect Homeowners The federal government is proposing new steps to try to protect people who may be struggling with their mortgage payments. According to a recent announcement from the Federal Trade Commission, it has proposed a rule that would prohibit companies from charging up-front fees for mortgage modification services. Under the proposal, […]

Pending Home Sales Showing Improvement

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Pending Home Sales Showing Improvement Recent data finds that pending home sales are holding steady over the past couple of months, while indicating that market conditions have improved considerably since the height of the recession. According to the National Association of Realtors, its pending home sales index increased to 96.6 in December, marking a 1 […]

New Home Construction Cooled by Winter Weather

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New Home Construction Cooled by Winter Weather Ice storms in the Midwest, blizzards in the nation’s capitol and northeast, and a wet El Nino weather pattern out west has brought some wild winter weather across the United States. This arctic chill explains why building construction has been falling this winter. According to the Commerce Department, […]

Home Price Reductions Drop Again

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Home Price Reductions Drop Again According to a report released by Trulia.com, 21 percent of the homes for sale as of January 1, 2010 have experienced at least one price cut. This makes the second consecutive month that price reduction levels have decreased and the lowest level since Trulia started tracking price reductions in April […]

Fewer Homes on the Market in December

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Fewer Homes on the Market in December According to a report issued by ZipRealty there were 17,741 fewer homes listed for sale in December with reduced prices which represents a decline of 7.1 percent compared to November. This data is from a monthly survey of Multiple Listing Services (MLS) in 27 major U.S. markets conducted […]