Monthly Archives: May 2013

Short Sales Show Up On Credit Reports As Foreclosures

Short sales routinely show up in credit reports as foreclosures Because of this glitch, borrowers who might be able to qualify for a new mortgage two or three years after a short sale find themselves shut out of the market.

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April California Sales

May 15, 2013 An estimated 39,051 new and resale houses and condos sold statewide last month. That was up 3.4 percent from 37,764 in March, and up 2.1 percent from 38,241 sales in April 2012, according to San Diego-based DataQuick.

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Private home sales surge – “Pocket Listings”

Private sales of homes, known as ‘pocket listings,’ are surging Top brokers in some highly competitive markets say pocket listings are becoming a significant factor in the business. By Kenneth R. Harney

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Mortgage Rates Moving Higher

MCLEAN, VA–(Marketwired – May 9, 2013) – Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey(R) (PMMS┬«), showing average fixed mortgage rates reversing their recent trend and moving higher for the first time in six … Continue reading

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March Pending Homes Sales Improve

March Pending Home Sales Improve but Overall Pace Leveling April 29, 2013 WASHINGTON (April 29, 2013) – Pending home sales increased in March and remain above year-ago levels, but contract activity in recent months shows only modest movement, according to … Continue reading

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