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Home Prices Highest Since April 2006

Home Prices Highest Since April 2006

Creatas/Thinkstock(NEW YORK) — Home prices in cities around the country surged 10 percent in the past year to highs that haven’t been seen since the end of the housing bubble.Prices around the country rose the most since April 2006, though in most pla…

Home Repossessions Drop to Six-Year Low

Home Repossessions Drop to Six-Year Low

iStockPhoto/Thinkstock(IRVINE, Calif.) — The number of U.S. homes seized by lenders last month fell to a 65-month low last month, according to a new report released Thursday by RealtyTrac.The foreclosure listing firm says bank repossessions in Februar…

Foreclosure and Short Sales Made Up 43 Percent of Home Sales in 2012

Foreclosure and Short Sales Made Up 43 Percent of Home Sales in 2012

(Ryan McVay/Thinkstock)(IRVINE, Calif.) — Though we’ve been hearing encouraging news about the state of the housing market in recent weeks, a new review of foreclosure sales and short sales in 2012 shows that there may still be a ways to go.
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Home Construction Falls 8.5 Percent

Home Construction Falls 8.5 Percent

iStockphoto/Thinkstock(WASHINGTON) — Housing starts fell 8.5 percent in January, a surprising drop after they jumped 15.7 percent during the previous month, according to the Commerce Department.Though the housing market has recovered since 2008, priva…

Foreclosure Filings Fall to Lowest Rate Since 2007

Foreclosure Filings Fall to Lowest Rate Since 2007

Hemera/Thinkstock(NEW YORK) — After six years, the national foreclosure crisis may soon be nearing an end. According to listings firm RealtyTrac, the number of foreclosure filings reported in January 2013 dropped 7 percent from the previous month and …

Boca Mansion Squatter Releases Music Video

Boca Mansion Squatter Releases Music Video

ABC News(BOCA RATON, Fla.) — The Florida man who gained notoriety from claiming he had a legal right to squat in a $2.5 million home in Boca Raton has produced a music video, shot against a backdrop of the mansion, days after police ejected him from t…

Home Loan Delinquencies Plunge

Home Loan Delinquencies Plunge

Hemera Technologies/Thinkstock(NEW YORK) — Mortgage delinquency rates are down to their lowest level in five years. Credit reporting firm TransUnion says only 5 percent of people with home loans were at least two months behind with their payments in t…

Buying a Foreclosed Home in NY, Fla. Can Save You 30% or More

Buying a Foreclosed Home in NY, Fla. Can Save You 30% or More

iStockPhoto/Thinkstock(NEW YORK) — If you’re in the market for a new home this year, you may want to check out Florida and New York, suggests a new report from RealtyTrac.”There’s a lot of cities in Florida and New York where there’s a lot of foreclos…

New Jersey Town Gives People Property Tax Break for Shopping

New Jersey Town Gives People Property Tax Break for Shopping

Creatas/Thinkstock(MARLBORO, N.J.) — The township of Marlboro, N.J., is giving residents a break on their property taxes if they shop at local stores.“Every local elected official has to do their part to help us get out of this recession and hel…

California Home May Be Second Most Expensive Property Ever Sold

California Home May Be Second Most Expensive Property Ever Sold

Creatas/Thinkstock(NEW YORK) — The $117.5 million estate of a financier in Northern California may be the second most expensive property ever sold in the U.S., according to SF Luxe.SF Luxe reported that financier Tully Friedman, the previous owner, so…

California Home May Be Second Most Expensive Property Ever Sold

California Home May Be Second Most Expensive Property Ever Sold

Creatas/Thinkstock(NEW YORK) — The $117.5 million estate of a financier in Northern California may be the second most expensive property ever sold in the U.S., according to SF Luxe.SF Luxe reported that financier Tully Friedman, the previous owner, so…

Bank of America Takes Florida Squatter to Court Over $2.5 Million Mansion

Bank of America Takes Florida Squatter to Court Over $2.5 Million Mansion

Jin Lee/Bloomberg via Getty Images(BOCA RATON, Fla.) — Bank of America is taking a Florida man to court after he attempted to use an antiquated state law to legally take possession of a $2.5 million mansion that is currently owned by the bank.Andre “L…

Home Sales Jumped to Five-Year High in 2012

Home Sales Jumped to Five-Year High in 2012

Comstock/Thinkstock(NEW YORK) — Home sales slipped by 1 percent in December to a pace of 4.94 million, according to the latest figures released Tuesday by the National Association of Realtors.  But despite the drop, numbers for all of last year w…

Home Prices on the Rise

Home Prices on the Rise

iStockphoto/Thinkstock(NEW YORK) — Have you checked the value of your home recently?  For the first time in years it could be worth more than you think. Home prices are bouncing back from their lows in all but a few local markets.  Fewer hom…

Foreclosure Activity Dropped by 3% in 2012, But Rose in 25 States

Foreclosure Activity Dropped by 3% in 2012, But Rose in 25 States

iStockPhoto/Thinkstock(NEW YORK) — A total of 1,836,634 U.S. properties received a foreclosure filing last year, according to the latest report from RealtyTrac, marking a 3 percent drop from 2011.The latest figure is also down 36 percent from 2010, wh…

CFPB Unveils New Mortgage Rules to Protect Borrowers

CFPB Unveils New Mortgage Rules to Protect Borrowers

Digital Vision/Thinkstock(WASHINGTON) — The Consumer Financial Protection Bureau (CFPB) announced on Thursday new rules for mortgages designed to protect consumers and banks from the kind of lending that contributed to the 2008 housing collapse.The ne…

Banks Reach $8.5B Settlement with Regulators on Foreclosure Abuses

Banks Reach $8.5B Settlement with Regulators on Foreclosure Abuses

Hemera/Thinkstock(NEW YORK) — Ten banks have reached an $8.5 billion foreclosure abuse settlement with regulators.  This is not the first or the biggest of such settlements, but another in a series of settlements and lawsuits coming out of the no…

Lumber Prices Jump with Housing Market Recovery

Lumber Prices Jump with Housing Market Recovery

iStockphoto/Thinkstock(NEW YORK) — With lumber prices on the rise, analysts are watching whether the commodity could cause a logjam in the recovery of the housing market.Housing prices have risen for six months in a row, according to the latest data f…

Foreclosure Filings Drop 3% in November; Bank Seizures Jump 11%

Foreclosure Filings Drop 3% in November; Bank Seizures Jump 11%

iStockPhoto/Thinkstock(NEW YORK) — Foreclosure activity dropped 3 percent in November from October, marking the 26th month in a row with an annual decrease, according to the latest report from RealtyTrac.The foreclosure tracking firm says 180,817 U.S….

Foreclosure Sales Jump 21% in Third Quarter

Foreclosure Sales Jump 21% in Third Quarter

iStockPhoto/Thinkstock(NEW YORK) — The number of foreclosed homes that were sold in the third quarter shot up by 21 percent, RealtyTrac reports.The foreclosure tracking firm says a total of 193,059 U.S. properties in some stage of foreclosure or bank-…

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