“When sellers see their neighbors’ homes selling quickly and for prices they never would have imagined a couple of years ago, they can’t help but be optimistic about the market,” says one real estate pro.
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More Americans are once again on the hunt to snag a home at bargain prices, fix it up, and then try to resell it for a quick profit, new data shows.
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“The housing market is getting a boost with mortgage rates hovering at or near record lows,” says Freddie Mac’s chief economist.
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The majority of home owners report know about flood insurance, yet only a small percentage actually add the extra coverage to their standard homeowner’s insurance policy.
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CoreLogic announced that it has acquired Case-Shiller, which will come with rights to publish the nationally known home price index.
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Congress should focus on doing no harm to housing and America’s 75 million homeowners by maintaining current tax laws for homeownership and real estate investment, NAR says.
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