Despite slowing economic growth, Fannie Mae says the housing market has “performed relatively well” as record affordability and low interest rates continue to bump up home sales.
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The Fed announced it will extend its Operation Twist program to the end of the year, pushing down long-term interest rates in another effort to spur home purchases and business investments.
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A bulk of the increase comes from the number of adult children moving back in with their parents, which grew from 1.2 million to 15.8 million between 2007 and 2010.
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The CEO of Oracle Corp. has reached an agreement to purchase 98 percent of Lanai from Castle & Cooke Inc.
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The owner of a Canadian-based brokerage helped police in an investigation involving one of his own realty agents, who had sold several homes that were later seized by police as marijuana grow operations.
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As home sales grow and available supply narrows, home values have held up or are beginning to rise in neighborhoods with good public school systems, low crime rates, and nearby transportation corridors.  However, other neighborhoods—especially in the exurbs—are not yet in recovery mode.
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