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Viewing by month: January 2012

Jan 31 2012

Home Prices Decline for Third Consecutive Month...

Home prices often fall during the winter months as more purchases are done in the spring and summer months. But the three consecutive downward drops mean prices are likely to continue to keep falling in 2012.

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61 comments - Posted by Suzanne Baker at 5:03 PM - Categories:

Jan 26 2012

Foreclosures Made Up 20% of Home Sales in Third Quarter

NEW YORK (CNNMoney) -- Sales of homes in foreclosure comprised 20% of all U.S. residential sales during the third quarter, according to RealtyTrac.

That share is a significant decline from the same period in 2010, when foreclosed homes made up 30% of residential sales, but it's still a far cry from levels seen during healthier housing markets when foreclosures comprised less than 5% of sales. In total, 221,536 distressed properties were purchased during the quarter, down 11% from the previous quarter and 5% lower than the same quarter a year earlier, RealtyTrac said.

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51 comments - Posted by Suzanne Baker at 4:01 PM - Categories:

Jan 25 2012

Americans Feel Safer About Finances...


Consumers' financial security rose for the second month in a row in January, but many - led by low-income workers and retirees - say they feel less confident than a year ago, according to a survey released today by Bankrate.com, a Web-based financial information provider.

Even though feelings about job security, savings, debt, net worth and overall financial security improved over the past month, "there is ample room for improvement," said Greg McBride, Bankrate’s senior financial analyst.

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46 comments - Posted by Suzanne Baker at 3:43 PM - Categories:

Jan 23 2012

New Home Construction Gathers Momentum...

The Census Bureau reported that housing starts fell to 657,000 on an annual basis, down just 4.1% compared with a strong November. Building permits, which are less affected by weather than starts, came in at a 679,000 annual rate, about the same as a month earlier.

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49 comments - Posted by Suzanne Baker at 5:01 PM - Categories:

Jan 20 2012

Rate for 30-year Mortgage Down to Record 3.88%

Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year fixed mortgage dipped to 3.88 percent this week, down from the old record of 3.89 percent one week ago.

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49 comments - Posted by Suzanne Baker at 11:20 AM - Categories:

Jan 18 2012

Growing Interest Leaves Homeowners Less Gloomy

U.S. homebuilders are growing a little less pessimistic about the depressed housing market after seeing more people say they might be open to buying a home this year.

The National Association of Home Builders/Wells Fargo builder sentiment index rose four points to 25 in January. That's the highest level since June 2007.

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133 comments - Posted by Suzanne Baker at 3:28 PM - Categories:

Jan 13 2012

Home Seizures May Jump 25% this Year...

Banks may seize more than 1 million U.S. homes this year after legal scrutiny of their foreclosure practices slowed actions against delinquent property owners in 2011, RealtyTrac said.

About 1.89 million properties received notices of default, auction or repossession last year, down 34 percent from 2010 and the lowest number since 2007, the data seller said Thursday. One in 69 U.S. households received a filing.

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70 comments - Posted by Suzanne Baker at 9:32 PM - Categories:

     
   
 
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