Many would-be home sellers are waiting for home prices to post stronger gains before they sell. But their reluctance could be tightly constraining inventories in many markets.
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Home prices rose in August by their largest amount since July 2006,  CoreLogic reports in its August Home Price Index, which includes distressed sales.
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On Oct. 20, Fannie Mae will tighten some of its underwriting standards for condo buyers and home owners wanting to refinance. The changes have some in the industry concerned.
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“We’re seeing the signs of a pulse in a sector that has been flat-lined for a number of years,” says one economist.
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Following a lawsuit initiated against Bear Stearns this week, federal investigators warned that more lawsuits are coming against banks stemming from their sales of mortgage-backed securities.
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More and more developers of urban condos and town homes are giving buyers an increasing amount of say in the look and layout of their homes.
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