After months of tense negotiations, the nation’s five largest banks and state and government officials have agreed to a $26 billion settlement aimed at holding banks accountable for the mishandling of some foreclosures.
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Foreclosures decreased by 8.4 percent — or 130,000 — in 2011, according to research by CoreLogic.
“The pace at which properties are entering foreclosure is slowing,” Mark Fleming, chief economist with CoreLogic, told CNNMoney. “And servicers nationwide stepped up the rate at which they were able to process distressed assets.”
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That property photo you choose for the profile of your listing is critical. A blurry photo — or no photo at all — may translate into fewer clicks for your listing online and, ultimately, fewer showings.
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Silicon Valley in California is already known as a high-priced area, but an anticipated crop of new Facebook millionaires is expected to send housing prices even higher.
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For buyers who want new construction, be sure to educate them about some differences in buying “old” versus “new.”
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Housing affordability conditions improved in most metropolitan areas from softer existing-home prices and record-low mortgage interest rates in the fourth quarter, with rising sales and lower inventory creating more balanced conditions, according to the latest quarterly report by the National Association of REALTORS®.
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