Effects of budget cuts on housing market

Posted: 3/04/2013

The US Congress failed to create a deficit reducing budget by the deadline of last Friday, which has caused automatic spending cuts to go into effect. The spending cuts, also known as Sequestration, will have a dramatic impact across all financial sectors {...}

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Shift from foreclosures to short sales

Posted: 2/11/2013

Foreclosures in California have dropped to the lowest levels seen since 2006 according to the newest data from real-estate tracking firm DataQuick. While this does not mean the real-estate market is healthy again, it indicates that the market may {...}

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Debt relief bill extended to help home owners

Posted: 1/07/2013

Underwater homeowners can breathe a sigh of relief with last week's financial cliff deal as the popular tax break on mortgage forgiveness was extended. The Mortgage Debt Relief Act, initially created in 2007 and set to expire December 31, 2012, {...}

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Settlement aid going to short sales

Posted: 11/19/2012

GavelThe landmark mortgage settlement that is giving billions of dollars towards helping distressed homeowners in California has mostly gone to helping those who wish to perform short sales. Under the settlement, which occurred in February, the {...}

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Report shows a still struggling market

Posted: 10/23/2012

The newly released Election 2012 Housing Health Check by RealtyTrac shows that 65 percent of the nation's housing markets are still worse off now than they were four years ago. The results were based off of five key points including average home {...}

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Values won't break even until 2026

Posted: 10/09/2012

Analytics firm Fiserv estimates that California will not see home prices back to their peak until after the year 2026. When the housing bubble burst, California home prices fell almost 46% between the years 2007 and 2012. California is among four of the worst hit states caught up in the speculative housing price boom between 2002 and {...}

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Home Prices Rise as Short Sales Increase

Posted: 9/11/2012

Revised data provided by the California Association of Realtors shows a shift in the housing market as foreclosures drop and short sales rise. Home prices during the first half of 2012 showed the strongest gains in six years, a clear sign that the US housing market has hit or is very near the bottom. The housing market remains far from {...}

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Has California truly bottomed out?

Posted: 8/20/2012

California's median home price has posted gains for the fifth consecutive month according to the newest data from real estate firm DataQuick. While sales fell 3.7%, which is attributed to a normal seasonal decline, the median home price rose 2.6% in July compared to the previous month of June. Even though the new numbers are {...}

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Older Americans Hit Hardest

Posted: 8/03/2012

A new report published by the AARP shows that older Americans have been the hardest hit during the sluggish economy and brutal housing market. More than 1.5 million older Americans have lost their homes to foreclosure, with roughly another {...}

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New Forecast Hints at Recovery Next Year

Posted: 6/20/2012

Economists at UCLA have released a new report forecasting that the housing market won't begin a full-fledged recovery until next year. A large increase in sales with a small jump in values is not enough to make economists believe that the market has already turned {...}

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