“People come in, and they think the market is 2008 or 2009, when sellers were desperate,” says one real estate agent. “They’re not desperate. Not at all.”
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After six consecutive weeks of reaching all-time record lows, fixed-rate mortgages reversed course this week and inched upwards, Freddie Mac reports.
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Some cities that have seen population decreases, high foreclosures, and job losses are faced with the problem of what to do with the abandoned homes that were left behind.
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Chicago continues to dominate the search traffic on Realtor.com. Find out what other housing markets potential buyers were eyeing the most at Realtor.com last month.
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The most recent Federal Reserve Survey of Consumer Finance shows that Americans lost both income and wealth from 2007 to 2010 due to declines in asset values across most categories, including housing.
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An annual report from Harvard University’s Joint Center for Housing Studies offers optimistic data on residential market recovery, such as growth in home resales, a drop in supply, and favorable interest rates.
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