Builders Prepare to Work on New Developments in 2012

Builders Prepare to Work on New Developments in 2012 Daily Real Estate News | Thursday, January 12, 2012 Although 2011 was among the slowest years ever for single-family construction starts, observers say builders across the country are preparing to commence work on new developments. The National Association of Home Builders’ Chief Economist David Crowe says…

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Foreclosures Post Big Drop, reaching 2007 Levels

Foreclosures Post Big Drop, Reaching 2007 Levels Daily Real Estate News | Thursday, January 12, 2012 Foreclosure filings posted a 33 percent drop in 2011, falling to their lowest levels since 2007, RealtyTrac reports. During 2011, one in every 69 homes received a foreclosure filing and 804,000 homes were repossessed — compared to 1.05 million…

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Mortgage Applications Soar 4.5%

Mortgage Applications Soar 4.5% Daily Real Estate News | Wednesday, January 11, 2012 Mortgage applications for purchase — a gauge of future home buying — increased 8.1 percent last week, the Mortgage Bankers Association reports. The purchase index on an unadjusted basis now stands at 41.9 percent higher than last year, signaling more people taking…

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Home Affordability Offering Up 40-Year Deals

Home Affordability Offering Up 40-Year Deals Daily Real Estate News | Wednesday, January 11, 2012 Home affordability is at 1971 levels, due to falling home prices and record low mortgage rates, pushing home ownership in reach to more families, according to the U.S. Department of Housing and Urban Development (HUD). Home owners are bringing in…

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Free Radon Awareness Seminar

Free Radon Awareness Seminar Thursday, January 12 from 6pm – 7:30pm In an effort to raise awareness and encourage people to check radon levels in their homes, El Paso County Public Health has organized a free radon seminar for the public. This Radon Awareness Seminar is free to the public and will be held Thursday,…

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Increased Lending, Loan Modifications Key to Recovery

Increased Lending, Loan Modifications Key to Recovery Daily Real Estate News | Friday, January 06, 2012 Stabilizing and restoring the health of the housing market is critical to a broader economic recovery, according to a white paper released yesterday by the Federal Reserve Board. Many of the issues and recommendations outlined in the paper support…

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Mortgage Rates Match Record Lows This Week

Mortgage Rates Match Record Lows This Week Daily Real Estate News | Friday, January 06, 2012 With signs of an improving housing market, mortgage rates took another dip this week, matching at or near the all-time record lows, Freddie Mac reports in its weekly mortgage market survey. For the fifth consecutive week, 30-year fixed-rate mortgages…

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3 Predictions for Distressed Properties in 2012

3 Predictions for Distressed Properties in 2012 Daily Real Estate News | Thursday, January 05, 2012 It’s hard to know exactly what will happen with foreclosures, REOs, and short sales in the coming year. Factors such as employment, home values, and consumer confidence will determine whether they go up or down. The one thing that’s…

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