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Category Archives: Real Estate
Mortgage lenders – took back fewer properties
The number of U.S. homeowners who were put on notice for being behind on their mortgage payments fell in May to the lowest level since 2006, the result of a slowing housing market and lingering delays in banks’ foreclosure process. … Continue reading
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Foreclosures on North Carolina
Foreclosures on North Carolina homes fell 38.3 percent in May from a year ago according to RealtyTrac Inc. — good news for an industry still struggling to recover from the bursting of the financial and housing bubbles during the Great Recession. … Continue reading
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New Residential Construction Report
New Residential Construction Report showed slight increases to both single family permits and starts from last month and notable declines from last year while the new home market remains historically distressed. Single family housing permits, the most leading of indicators, … Continue reading
Posted in Home Building, Ping.fm, Real Estate
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New home permits rise, but headwinds persist
New home permits increase 2.5 percent, but remain below levels of a year ago. New home permits are down nearly 80 percent from their 2005 peak.
Posted in Home Building, Ping.fm, Real Estate
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What’s Changed About Homeownership (And What Hasn’t)
The for-sale market’s competition also has changed such that there are more housing options and alternatives. Excess inventory, vacancies, and foreclosures are making for fierce competition against for-sale housing and, more specifically, new homes. http://www.bigbuilderonline.com/post.asp?BlogId=yaussisblog&postid=631234§ionID=1939
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Fixed Mortgage Rates Drop For 7th Straight Week
Fixed mortgage rates slid for the seventh consecutive week, but the lowest rates of the year have done little to lift the struggling housing market. Most people are unable to take advantage of the lowest mortgage rates because they can’t … Continue reading
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Rent vs. Buy
2011’s Ultimate Showdown: Rent vs. Buy By most accounts, it’s a terrible time to be in for-sale housing. There are pricing pressures and credit constraints and little urgency among buyers. It’s a lethal combination, one that kills sales volumes. New … Continue reading
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Charlotte-area home sales fell again in April
-Charlotte-area home sales fell again in April after ticking upward the month before, the latest sign of continued challenges in the market, a new report shows. About 1,880 houses, townhouses and condos sold in the Charlotte region last month, down … Continue reading
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If you thought the housing crisis was bad, think again.
It’s worse. New data just out from Zillow, the real-estate information company, show house prices are falling at their fastest rate since the Lehman collapse. Average home prices are down 8% from a year ago, 3% over the quarter, and … Continue reading
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Home Improvement Trends Looking Up
Trends in home remodeling are showing their greatest improvement in over four years, although tight credit and a lack of home equity continue to restrain demand. The National Association of Home Builders reports that its Remodeling Market Index rose a full … Continue reading
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