Home sales are mostly “stuck” this spring, due to the limited number of homes available to buy, says NAR’s chief economist.
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A new report finds that borrowers who had their mortgage payments reduced as part of the Home Affordable Modification Program are still failing at an “alarming rate” to stay current on their mortgage.
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As housing values rise, home-equity loans and lines of credit are staging a comeback, MSN Money reports.
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Single-family and multi-family housing starts are predicted to post double-digit gains this year over last year, but plenty of obstacles still stand in the way.
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“[A]fter stabilizing in 2012, both new- and existing-home prices are now accelerating much more rapidly than in the 1990s cycle,” an analyst with Barclays notes.
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An immigration bill filed last week by a handful of bipartisan senators could trigger widespread change for the housing market if passed.
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