Foreclosure Backlogs Starting to Clear

Foreclosure Backlogs Starting to Clear, Report Says Daily Real Estate News | Wednesday, March 07, 2012 Foreclosure starts rose 28 percent while foreclosure sales soared 29 percent in January compared to the previous month, according to the latest Lender Processing Services’ January Mortgage Monitor report. The rise in foreclosures in January is a sign that…

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Housing Affordability Soars to Record High

Housing Affordability Soars to Record High Daily Real Estate News | Wednesday, March 07, 2012 Low mortgage rates and falling home values have brought housing within reach to more families than ever before, according to the latest National Association of REALTORS® housing affordability index. Housing affordability in January reached its highest level since NAR began…

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Housing Affordability Soars to Record High

Housing Affordability Soars to Record High Daily Real Estate News | Wednesday, March 07, 2012 Low mortgage rates and falling home values have brought housing within reach to more families than ever before, according to the latest National Association of REALTORS® housing affordability index. Housing affordability in January reached its highest level since NAR began…

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Home Prices Stabilize Despite Increase in REO’s

Home Prices Stabilize Despite Increase in REOs Daily Real Estate News | Tuesday, March 06, 2012 An increase in distressed properties on the market is no longer chipping away at overall home prices, an “unusual and encouraging” sign, a new report suggests. In fact, the report found that in the top 15 metro areas REOs…

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Home Prices Stabilize Despite Increase in REO’s

Home Prices Stabilize Despite Increase in REOs Daily Real Estate News | Tuesday, March 06, 2012 An increase in distressed properties on the market is no longer chipping away at overall home prices, an “unusual and encouraging” sign, a new report suggests. In fact, the report found that in the top 15 metro areas REOs…

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Investors Buy Up Homes in Bulk

Investors Buy Up Homes in Bulk Daily Real Estate News | Monday, March 05, 2012 Investors aren’t just wanting one home, they may want a dozen. “As the greatest real estate fire sale in the history of the United States rages on, the bulk buy is the dead hot deal of the moment,” Reuters News…

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When Will the Housing Supply Normalize?

When Will the Housing Supply Normalize? Daily Real Estate News | Monday, March 05, 2012 The housing supply is expected to normalize in two to four years, Barclays Capital projects, assuming that household formation rates increase to 1.1 million and construction remains slightly above 2011 levels. Household formation–which is a reflection of population growth and…

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Buffett: ‘I’d Buy Up a Couple Hundred Thousand’ Homes

Buffett: ‘I’d Buy Up a Couple Hundred Thousand’ Homes Daily Real Estate News | Wednesday, February 29, 2012 Warren Buffett, the billionaire investor and Berkshire Hathaway CEO, said on CNBC’s “Squawk Box” recently that he’d “buy up a couple hundred thousand” single-family homes if it was practical. Buffett said that’s because he believes purchasing a…

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