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Monthly Archives: November 2012

Five Reasons Home Prices Have Been Rising

Home prices rose by 0.1% in September from the prior month and by 3.6% from one year ago, the largest such gain in six years, according to a report released Monday by Lender Processing Services. Compared with one year ago, prices are up by 17.7% in Phoenix, the largest gain among the nation’s 40 largest Read More

Single-Family Rental Demand Is Outstripping Supply

Demand for single-family rental housing is outstripping the available supply of homes, and some housing markets that have been hit hardest by the foreclosure crisis have seen rental demand jump by more than 25% in the past year, according to a report to be released Tuesday by real-estate firm CoreLogic . It shouldn’t be surprising Read More

New Short-sale Program Offers Relief For Underwater Homeowners

Though there are still some snares and drawbacks for participants, one of the federal government’s most important financial relief efforts for underwater homeowners started operating Nov. 1. It’s a new short-sale program that targets the walking wounded among borrowers emerging from the housing downturn — owners who owe far more on their mortgages than their Read More

Appraisal Can Complicate Selling, Refinancing A Home

Joanna Zimring Towne thought refinancing her Altadena home would be simple. When Zimring Towne and husband Andrew Towne, a 48-year-old television lighting technician, bought the two-bedroom home for $535,000 in 2006, the appraiser valued it at about $600,000. During the November 2011 inspection, Towne walked around the property with the appraiser. The couple were being Read More

Deals On Foreclosed Homes Dwindling

The days of deals on foreclosures appear numbered, one analysis indicates. A new look at foreclosure discounts by the website Zillow found that the price difference between a foreclosed house and one sold outside of foreclosure was just 7.7% nationally in September. That foreclosure discount fell from 9.1% in September of last year. It’s also Read More