Archive | June, 2013

Mortgage rates soar to 4.46% – biggest jump in 26 years

By Les Christie @CNNMoney June 27, 2013: 11:21 AM ET NEW YORK (CNNMoney) Rising interest rates have hit mortgages big time. Rates on 30-year, fixed-rate home loans spiked 0.53 percentage points to an average of 4.46% this week — the largest weekly increase in more than 26 years, mortgage giant Freddie Mac said Thursday. The 30-year loan, […]

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Home prices jump 12%, new home sales hit a five year high

By Chris Isidore @CNNMoney June 25, 2013: 10:46 AM ET NEW YORK (CNNMoney) The housing recovery continues to pick up steam, as home prices jumped in April, and new home sales hit a five year high in May. But a recent increase in mortgage rates could soon put the brakes on housing. The S&P/Case-Shiller home price index […]

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SOLD – $515,000, Beautiful view home in Rancho Mirage

Welcome to Mirage Cove, a beautiful hillside, gated community in South Rancho Mirage with close proximity to dining, shopping & entertainment in a wonderful mid-Valley location!  This lovely home features 3 bedrooms, 3 baths with 2260 square feet of luxury living.  Buyers will appreciate the indoor/outdoor lifestyle with fantastic North & South mountain views!  Highly […]

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Coachella Valley resorts cater to locals who want a quick holiday close to home

Written by Skip Descant, The Desert Sun For locals living in the Coachella Valley, getting away could be little more than a drive across the town. “Look at this. Where does it feel like you’re standing?” marveled Joseph Alegre, director of sales and marketing at the Hyatt Regency Indian Wells Resort and Spa one recent afternoon, walking across the […]

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The Downsides of Cash

Cash home buyers need to guard their interests By JUNE FLETCHER Q. I am selling my home, where I have lived for many years and have built up a lot of equity. I plan to buy a less expensive one for cash. I realize that cash buyers usually have an advantage over someone who must […]

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Inventory Situation Improves in June Compared to Start of 2013

BY: TORY BARRINGER While the number of for-sale listings nationwide remains down from last year, June saw a promising lift compared to the start of this year, Zillow revealed in a new report. The overall number of listings on Zillow was down 12.2 percent year-over-year at the start of June, an improvement from the 17.5 percent shortfall […]

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Trulia: Asking Prices Accelerate in Least Affordable Housing Markets

BY: ESTHER CHO Asking prices are rising at an especially fast pace in the least affordable housing markets, according to Trulia. Nationally, asking prices increased 9.5 percent year-over-year in May, but in the ten least affordable metros, asking prices spiked 16.3 percent during the same time period. Trulia also found out of the 100 largest metros, […]

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CoreLogic: Nearly 1 million houses float back into positive equity

By Brena Swanson • June 12, 2013 • 4:00am Approximately 850,000 more residential properties returned to a state of positive equity during the first quarter of 2013, according to the CoreLogic first quarter home equity report. The total number of mortgaged residential properties with positive equity stands at 39 million, the research firm found. “During the past […]

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Bolstered by strong sales in higher-priced regions, California median home price records largest year-to-year gain since 1980, C.A.R. reports

LOS ANGELES (June 17) – Strong sales growth in higher-priced markets and continued housing supply shortage pushed up California’s median home price in May, resulting in the largest year-over-year price gain in at least the last 33 years, the CALIFORNIA ASSOCIATION OF REALTORS ® (C.A.R.) reported.  “It’s encouraging to see median home prices across most parts of the state […]

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2013 Mid-Year Outlook: Economic Growth On the Road to ‘Normal’

Strengthening Housing Market Pushing Economy Forward Pete Bakel 202-752-2034 WASHINGTON, DC – The U.S. may be well into a prolonged period of steady economic growth, but it hasn’t yet reached its full potential, according to Fannie Mae’s (FNMA/OTC) Economic & Strategic Research Group. Fiscal headwinds are expected to keep growth to below 2.0 percent for […]

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