The three cities that are posting some of the strongest price growth year-over-year are also seeing fastest job growth.
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The attorneys for a Mississippi man who was at one point charged with sending letters laced with ricin to the president and other government leaders is pushing federal authorities to repair or replace the man’s home, which was left unlivable after investigators’ extensive search of it.
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Completed foreclosures rose in March, but the big drop in the number of distressed properties entering the pipeline remains encouraging, analysts say.
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Housing analysts blame the drop on tight credit conditions, constrained inventories of for-sale homes, and the rising number of single-family rental homes.
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“As the economy continues to stabilize, more young adults will wean off of mom and dad and start to live on their own, spurring added economic growth,” HousingWire reports.
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President Obama is due today to announce his nomination of U.S. Rep. Mel Watt (D-N.C.) to run the Federal Housing Finance Agency.
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