Home Value Appreciation Strongest on West Coast

August 20, 2013 4:45 pm0 comments

The national rate of home value appreciation reached its highest mark in approximately seven years, Zillow said in its monthly real estate report. In July, year-over-year home prices increased by 6%, which also represents the 14th straight month of annual appreciation. Of the 393 metropolitans covered by Zillow in this […]

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New Home Construction, Sales Lose Momentum

4:44 pm0 comments

The new home market appears to be losing momentum due to rising mortgage rates, rainy weather and a limited supply of new homes. On Friday, the Census Bureau reported single-family starts fell 2.2% in July and the construction of new homes has been hovering around a 600,000 seasonally adjusted annual […]

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FHA cuts mortgage wait times after hard times

August 19, 2013 5:36 pm0 comments
FHA cuts mortgage wait times after hard times

The Federal Housing Administration is making it easier for once-struggling homeowners to qualify for a mortgage backed by the agency. For borrowers who meet certain requirements, the FHA is trimming to one year the amount of time that homebuyers must wait after a bankruptcy, foreclosure or short sale before they […]

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Re/Max brokerage files for IPO as U.S. housing shares rally

5:31 pm0 comments
Re/Max brokerage files for IPO as U.S. housing shares rally

Re/Max Holdings Inc., a franchiser of real estate brokerages, filed for a U.S. initial public offering as the nation’s property market rebounds and shares of housing-services companies surge. Re/Max, a Denver-based company that has more than 92,000 real estate agents globally, filed to raise as much as US$100 million, according […]

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