Existing-Home Sales and Prices Continue to Rise in February

WASHINGTON (March 21, 2013) – February existing-home sales and prices affirm a healthy recovery is underway in the housing sector, according to the National Association of Realtors®. Sales have been above year-ago levels for 20 consecutive months, while prices show 12 consecutive months of year-over-year price increases.   Total existing-home sales, which are completed transactions […]

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10 Million Homes Upside-Down

About 1.7 million homes that were worth less than the mortgages on them regained equity as home prices rose in 2012, according to a report by CoreLogic. This is certainly another sign that the housing market continues to improve. But remember, there are still 10.4 million homes underwater nationwide and more than 2 million homeowners […]

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Survey: Americans Dream Big About Home Ownership

Still the American Dream… It seems that Americans are continuing to dream of homeownership, at least according to JPMorgan Chase’s recent survey. A total of 87% of those surveyed said owning a home is something they dream about. “Owning a home is at the heart of most Americans’ dreams,” said Kevin Watters, CEO of mortgage […]

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Refinance Programs Give Underwater Owners a Lift

HARP Surpasses 2012 Estimates on Homeowner Refinances States that were the hardest hit by foreclosures and have the highest number of underwater home owners are now leading the nation in refinancing as more borrowers look to decrease their monthly mortgage payments. Following the government’s expansion last year of its refinancing programs, more underwater home owners […]

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Single Family Homes Market Report

Real estate inventories are diminishing all over the country and the same effect is seen on the Lake Tahoe real estate market. To be more exact, since November 1st, 2012 there was a 39% inventory drop on Residential properties, from 157 Active Homes on November 1st, 2012 to only 96 Active Homes today. The Condominium […]

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