Daily Real Estate NewsReady for Your Open House? Nationwide Event Starts April 28The REALTOR® Nationwide Open House event takes place April 28 and 29, and real estate professionals are preparing to open the doors to buyers and sellers across the country with thousands of open houses.
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Short Sales to Reach Record Numbers This Year?"We believe 2012 could be a record year for short sales," says a vice president of RealtyTrac.
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Having Good Schools Nearby Improves Home ValuesLiving near the best public schools can bump up your home values. A new study from Brookings Institution finds how much of an impact it can have.
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Real Estate Agent Among Best Business JobsReal estate agents earned a place on U.S. News and World Report's recent compilation of the best business jobs, alongside such other professions as human resources specialists and meeting, convention, and event planners.
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Mortgage Rates Inch Up for the WeekAfter reaching or hovering near all-time lows last week, fixed-rate mortgages edged up slightly.
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Philadelphia Plans Publicly Funded Gay-Friendly HousingA gay-friendly affordable housing development is scheduled to break ground in the fall in Philadelphia, noted as the first of its kind to be financed completely with public money.
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February Existing-Home Sales Slip But Up Strongly From a Year AgoWhile February existing-home sales dipped slightly from January, many other indicators rose, pointing to strong fundamentals.
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FHFA to States: Stop the Roadblocks, Speed Up Foreclosures"Simply permitting home owners to stay in their homes for five or six hundred days or longer while not paying their mortgages, costs neighborhoods, costs lenders and, ultimately, costs taxpayers and future borrowers," testified an FHFA spokesman at a House panel this week.
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10 States With Highest Foreclosure Rates in FebruaryForeclosures continue to weigh on several real estate markets, despite drops over the last few months in foreclosure filings in some of these hard-hit states.
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Large Banks Chip Away at Commercial Real Estate DebtBanks have been making big strides in getting sour commercial real estate loans off their books, and are even starting to increase their lending in the sector.
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Oprah Sells Penthouse in Less Than a WeekOprah has been known to have the magic touch in getting products sold, and apparently that extends to real estate too.
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Free Mobile Apps May be Draining Your BatteryDoes a quickly draining phone battery keep getting the best of you while on the job? The free mobile apps you use may be to blame, according to a new study.
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Short Sales Rise, More Banks View it as a Better OptionExpect more lenders to agree to short sales this year as it increasingly becomes banks' prefered method for handling properties in default, rather than letting the homes fall into foreclosure.
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Bernanke: Economy Improves, Threats LoomFederal Reserve Chairman Ben Bernanke told lawmakers Wednesday that the economy is improving, and the Fed plans to carry on with its policy of holding key interest rates low -- at least for now.
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Fannie Needs $4.6 Billion More in Bailout MoneyAfter posting steep fourth quarter losses, and depending on how a disagreement with Bank of America plays out, the government-sponsored enterprise says it may need more federal aid.
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Florida Lawmakers Seek to Speed Up ForeclosuresThe state has been bogged down by a backlog of foreclosures stuck in its court system, but a new bill hopes to change that.
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Mortgage Applications for Purchases Jump 8%With mortgage rates continuing to hover around all-time lows, mortgage applications for purchases soared more than 8 percent last week, while applications for refinancing dropped 2.2 percent during the same period.
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4 Tips for Working with Foreign BuyersSales to international investors represent a huge opportunity for real estate practitioners in the U.S., where domestic purchases have slumped due to tight lending conditions.
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