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Outlook for Condo Market Not as Bleak

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Recent news has highlighted the severity of the renewed downturn in prices of single-family homes, but Capital Economics says although condominiums will not escape altogether, over the next year or so condo prices are likely to fall by less than their single-family counterparts. According to a market analysis released recently by the research firm, demand […]

Fewer Americans Struggling to Pay Their Mortgage

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Fewer Americans are having trouble paying their mortgages now compared to a year ago, according to a new Harris Interactive poll. About 22% of those surveyed last month said they had difficulty making their mortgage payments, down from 29% a year earlier. Additionally, 21% of respondents believed they were “under water” on their mortgage, meaning […]

Existing-Home Sales Fall Again

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Existing-home sales, or completed residential real estate transactions for properties including single-family homes, townhouses, condos and co-ops, showed a renewed decline last month. February’s number of existing-home sales dropped 9.6% to 4.88 million when compared to 5.4 million in January.  Sales were down 2.8% year-over-year as well, from 5.02 million sales in February of 2010. […]

August Housing Starts Jump 10.5%

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According to the Commerce Department, new construction of U.S. houses is estimated to have surged in August. Starts rose 10.5% in August to a seasonally adjusted 598,000 annualized units, much stronger than the 535,000 pace expected by economists surveyed by MarketWatch. This is the highest level since April. Starts in July were revised down slightly […]

More Tax Relief for Home Owners and Home Buyers?

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The Obama administration’s top housing official says several new programs are in the works to help try to revive the housing market. Housing and Urban Development Secretary Shaun Donovan said in an interview recently that his department in the coming weeks will roll out an FHA refinancing program to help borrowers whose mortgages exceed the […]