United States Home Prices Decline Over Last Year
Home prices in the U.S. dropped 1.4% in the 1st quarter compared with one year ago.
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Tougher Lender Regulations Keep Some Home Buyers Out of Market
As a result of the recent need for tougher lending standards, some lenders are tightening the rules. These changes
can make the loan application process much more difficult for potential home buyers to obtain a loan.
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Mortgage Applications Rise along with Rates
More people applied for mortgages last week despite an increase in interest rates. This activity increased the Mortgage Bankers Association Market
Composite Index up 1.6% to a level of 686.2 on an adjusted basis compared to last week's activity.
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Stricter Lending Slows Sales in Southern California
There has been a decrease in
home sales in Southern California neighborhoods that cater to first time buyers and also offer affordable housing options. The drop
is due to tougher mortgage loan standards, which has decreased the number of eligible buyers.
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Owners Who Restore Historic Homes See Little Profit from Efforts
According to experts n the field of home restoration, the process of restoring a historic home can be very involved. The process is consumes a large amount of money, time and energy. Home
owners which enter into the process expecting to profit from their efforts can find themselves disappointed.
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San Diego County Market Slow, yet Home Resales show Strength
The
San Diego real estate market continued at a slower pace in April; however resales of exiting homes showed some strength.
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Appraisers Feel Pressure to Boost Home Values
A recent survey of appraisers finds that they are feeling increased pressure by lenders to boost their estimates of
home values.
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California Foreclosures show Slight Decrease
The real-estate data firm Realty-Trac has reported that home foreclosures fell slightly in April from a 2-year high which was set in March.
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La Jolla Homes - Sales Report for April 2007
Quite a month for
La Jolla real estate, with the final tally ending with 34 homes sold for the month of April 2007. More than
half of the La Jolla homes sold were under $2,000,000. Seven homes sold for over $3,000,000 and the highest priced home sold for
over $6,000,0000. We have listed some of these homes, along with details, starting with the lowest and ending with the highest.
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New Investors Take advantage of Foreclosure Auctions in Southern California
Newbie investors are currently crowding the housing market in Southern California. They are drawn by the
increase in foreclosure auction opportunities to purchase a home at a great price.
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Top Ten Cities with lowest Tax Rates
The Government of the District of Columbia recently conducted a survey of tax rates around the country.
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Companies Offer Garages Intended for Storage
Do you know the man who has everything? How about a new garage?
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One Couple's Fixer-Upper Nightmare
A young couple's dreams literally collapsed in San Francisco this past weekend, when their home caved-in.
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Federal Reserve Board Leaves Interest Rate Unchanged
The Federal Reserve Board May 9 left the key interest rate at 5.25% This rate has been at this level since June of 2006.
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San Diego County Housing may have hit Bottom
The worst may be over for the San Diego County housing market, despite the recent surge
in home foreclosures.
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New Home Owner Insurance Danger
In the aftermath of such natural disasters as Hurricane Katrina and other serious storms, insurance
companies are now adding clauses to policies upon renewal. Residents
of the Gulf coast and other hard-hit areas are seeing these changes appear on their policies.
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Bank of America to Offer No-Fee Mortgages
On May 8, 2007, B of A will begin to offer a no-fee mortgage at all of it branches nationwide. The new mortgage program
will cut out all the charges that in the past would have added thousands of dollars to the overall cost of borrowing money.
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$5 is all it takes to make a Home More Appealing to Buyers
Real estate professionals say it only takes a small $5 investment to some quick and easy makeovers
that can make your home more attractive to potential home buyers.
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Numbers show Small Home Price Drop
Home values in the United States have dropped slightly for two consecutive quarters when compared with prices in 2006.
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Higher Rates Have no Effect on Loan Application Volume
Mortgage applications were up last week in spite of slightly higher interest rates. The Market Composite Index was up .6% on a seasonally
adjusted basis. Applications rose 1.4%, on an unadjusted basis, compared to last week and were up 1.4% compared to 2006.
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Del Mar Condos - Sales Report for April 2007
The
Del Mar Real Estate report for condos sold in the month of April ended with a total of four. We have listed these condos along
with details, starting with the lowest priced condo and ending with the highest.
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Larger Banking Institutions reach out to Illegal Immigrants
Some of the largest banks in the nation are currently developing plans to offer
mortgages to illegal immigrants.
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Del Mar Homes Sales Report for April 2007
The
Del Mar Real Estate report for homes sold in the month of April ended with a total of twelve. We have listed these homes along
with details, starting with the lowest priced home and ending with the highest.
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Voters Show they want Housing to be a Focus in Presidential Race
A majority of voters in the U.S., 9 out of 10, want affordable housing to be of the top priorities of
this election. Many believe that this issue is not being properly addressed.
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Increasing Number of Home Owners Appeal Assessments
Across the country, home owners are beginning to file record amounts of appeals for property tax assessments. The increase comes at a time when community governments are increasing assessment
amounts that are based on sales data that is up to two years old, at a time when current property values are falling.
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Number of Vacant Homes on Market Hits Record
The U.S. Census Bureau reports that the number of vacant homes that are for sale has risen for the tenth
consecutive quarter, hitting a record of 2.8% of total
homes available for sale.
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The Over-40 Set is not to be Underestimated
High numbers of the over-40 set are more prone to go to use
online real estate resources for information. They are also proving to be one of the strongest groups for word-of-mouth advertising.
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