Archive | May, 2013

Sellers calling the shots on home deals

According to the survey, 42% of the people shopping for homes placed offers in the past six months, yet only 11% of the bids were accepted. NEW YORK (CNNMoney) In a dramatic about-face for the housing market, sellers are now calling the shots. A survey of more than 2,000 Americans found that 33% of the […]

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Desert Winds Summer Concert – Rancho Mirage Library June 8, 4 PM

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March home price gains biggest since April 2006

Posting the biggest gain in seven years, home prices rose 10.9% in the 12 months ending in March, a closely watched housing index said Tuesday. From February, prices were up 1.4% for the 20-city composite, as measured by the monthly Standard & Poor’s/Case-Shiller index. Phoenix and San Francisco are the hottest markets with prices up […]

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Home prices post strongest gains in 6 years

NEW YORK (CNNMoney) U.S. home prices posted their strongest gains since 2007, as prices rose 10.2% in the first quarter, according to the S&P/Case-Shiller national index. That marked the fourth consecutive quarter of year-over-year gains, says David Blitzer, head of S&P’s index division. But the strong gains over the past year may be a bit […]

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Don’t be clueless about mortgages

NEW YORK (CNNMoney) The housing market is heating up, yet many house hunters are not prepared to take on the biggest purchases of their lives. When it comes to mortgages, homebuyers answered basic questions about terms, how to choose a lender and financing wrong nearly one-third of the time, according to an April survey of […]

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Secret ‘pocket listings’ return in hot housing markets

NEW YORK (CNNMoney) The housing rebound has given new life to an old, but little-known sales practice called “pocket listings,” where agents reserve homes for serious buyers only. Most homes that are put up for sale are posted on databases called multiple listing services (MLS), on which agents share information with one another in order […]

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