Monthly Archives: June 2012

Pending Home Sales Up in May

Pending Home Sales Up in May, Continue Pattern of Strong Annual Gains WASHINGTON (June 27, 2012) – Pending home sales bounced back in May, matching the highest level in the past two years, and are well above year-ago levels, according … Continue reading

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Low Appraisals do not Reflect the Rising Market

Low appraisals that don’t reflect rising markets are ruining deals By Kenneth R. Harney June 24, 2012 WASHINGTON — Are some appraisers failing to see the improvements in real estate values underway in local markets that have recently bottomed out … Continue reading

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30-year Fixed Mortgage 3.66%

30-Year Fixed-Rate Mortgage Averages 3.66 Percent MCLEAN, Va., June 21, 2012 /PRNewswire/ — Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average mortgage rates easing amid worsening economic indicators. Both the 30-year … Continue reading

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When is a trivial defect trivial

Whether A Defect is Trivial Is Not A Trivial Matter by Bob Hunt June 19, 2012 There is nothing trivial about a person tripping, falling, and sustaining injuries that required six surgeries and physical therapy over a two and one-half … Continue reading

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Fixed Mortgage Rates Reverse Course

Average Fixed Mortgage Rates Reverse Course MCLEAN, Va., June 14, 2012 /PRNewswire/ — Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates ending their six week streak of record-setting lows. … Continue reading

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California May Home Sales

California May Home Sales June 14, 2012 – An estimated 41,790 new and resale houses and condos sold statewide last month. That was up 9.3 percent from 38,241 in April, and up 17.6 percent from 35,536 in May 2011. Last … Continue reading

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Inventory drops to lowest in 3 years

California May Home Sales June 14, 2012 – An estimated 41,790 new and resale houses and condos sold statewide last month. That was up 9.3 percent from 38,241 in April, and up 17.6 percent from 35,536 in May 2011. Last … Continue reading

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Foreclosure of Rental Properties

Currently, treatment of holdover tenants in a foreclosure property is governed by provisions in federal law, which pre-empts state law.  This law, which will sunset on December 31, 2014, states that if a rental property is sold in a foreclosure … Continue reading

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International Sales Climb in U.S.

International Sales Continue to Climb in U.S. Market, Realtors® Report June 11, 2012 WASHINGTON – Due to low prices and the relative weakness of the dollar, international buyers continue to identify the U.S. as a desirable place to own property … Continue reading

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Historic Lows for Fixed Mortgage Rates

Historic Lows for Fixed Mortgage Rates Hold Steady MCLEAN, Va., May 24, 2012 /PRNewswire/ — Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the record lows for average fixed mortgage rates holding steady … Continue reading

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