Banks are agreeing to more short sales, and for the first time, short sale transactions are exceeding foreclosure deals, according to the most recent housing data from Lender Processing Services (LPS) Inc.
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Nationwide inventory levels are down and median list prices are inching up, but where are home shoppers looking most online? Realtor.com, in its latest monthly housing data of 146 markets, releases its top-searched housing markets for March. Chicago and Detroit continue to hold onto the top spots.
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As the number of people living in a household expands, builders are responding and tweaking home designs to meet the growing needs of multigenerational households.
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About 8 million children have been hurt by foreclosure, according to a newly-released report by First Focus, a bipartisan advocacy group for families.
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Following a violent storm or tornado, home owners are left to pick up the pieces and find ways to put their homes back together. And insurance executives and legislators are warning storm victims to beware of contractors who try to get home owners to sign costly contracts before the insurance adjusters arrive.
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Existing-home sales dipped in March, but continued to outpace last year’s levels. At the same time, inventory tightened and home prices showed further signs of stabilizing, according to the National Association of REALTORS®.
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