Archive | September, 2013

Four Factors to Watch in Housing’s Rebound

By  NICK TIMIRAOS For the past year, more U.S. housing markets have had the feel of a blowout flea-market sale. Prices were low and financing—while hard to get—was cheap for those who could get it. Once it was clear prices had found a bottom, bidding wars broke out as buyers competed over a shrinking supply […]

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Young homeowners sidelined by employment woes

Unemployment up to 7.8% among Gen Y Megan Hopkins September 6, 2013 12:18PMYoung adults between the ages of 25 and 34 are still struggling in the job market, bad news for the housing industry that is relying on first-time homebuyers to bring the recovery into full fruition. According to Friday’s report from the Bureau of Labor […]

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Homebuilder Confidence in U.S. Holds at Highest Level Since 2005

By Shobhana Chandra – Sep 17, 2013 7:00 AM PT Homebuilder confidence held in September at the highest level in almost eight years, a sign housing will remain a bright spot for the U.S. economy. The National Association of Home Builders/Wells Fargo confidence index registered 58 this month, matching August’s revised reading as the strongest since November 2005, a report […]

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Consumer watchdog completes work on sweeping mortgage rules

By Vicki Needham – 09/13/13 03:01 PM ET The nation’s top consumer watchdog wrapped up work Friday on sweeping mortgage rules designed to ensure that borrowers can repay their loans. The Consumer Financial Protection Bureau (CFPB) said that it has finished making suggested changes to its qualified mortgage (QM) rules, which provide specific guidelines for lenders and borrowers, with the […]

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False Alarm. First-time Buyers are Not Declining

Written by: Steve Cook   Wed, September 11, 2013 Are the numbers of first-time buyers shrinking, victimized by cash-bearing investors, credit-tight lenders mounting mortgage interest rates and soaring home prices? Are they “increasingly getting left behind in the real-estate recovery” as the Journal reported n July? Well, not exactly, argue two economists from the Atlanta Federal Reserve. Reports […]

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Senate Banking panel sets goal to approve housing finance bill this year

By Vicki Needham – 09/12/13 03:09 PM ET The Senate Banking Committee is aiming to complete a bipartisan housing finance reform bill this year. Chairman Tim Johnson (D-S.D.) and Sen. Mike Crapo (Idaho), the panel’s top Republican, said Thursday that they would hold several hearings this fall to hammer out the final details of a measure […]

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SOLD – $550,000 – Lakefront Home – Rancho Mirage

  LAKE FRONT LIVING IN THE PALM SPRINGS VALLEY!?! YES, YOU’VE GOT IT ALL HERE! DESERT, LAKE, COUNTRY CLUB LIFESTYLE… PLUS A GREAT LOCATION IN A DESIRED GATED COMMUNITY IN RANCHO MIRAGE! LOOK NO FURTHER, SOUTHERN BACKYARD WITH MOUNTAIN AND LAKE VIEWS ARE HARD TO FIND… AND WITH 4 BEDROOMS INCLUDING A CASITA! THIS IS […]

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SOLD – $177,500 – 2br Villa – Central Palm Springs

CHECK OUT THIS TWO BEDROOM VILLA IN CENTRAL PALM SPRINGS’ PLAZA VILLAS! SOLD TURNKEY AND BOASTING UPSCALE FURNISHINGS, IT IS READY FOR IMMEDIATE USE WITH PATIO FURNITURE, THREE FLAT-SCREEN TV’S AND GAS GRILL, TOO! CUSTOM WINDOW COVERINGS AND UPDATED FLOORING THROUGHOUT! TWO STRATEGICALLY PLACED PATIOS FOR YOU TO FOLLOW THE SUN AS IT CROSSES THE […]

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SOLD – $170,000 – 2Br/2Ba Condo – South Palm Springs

Welcome to Casa Canyon on Fee Land in desirable South Palm Springs! This 1st floor spacious condo features 2 large bedrooms, 2 remodeled baths, and an open floorplan with tile floors & spacious patio with mountain views. Buyers will appreciate the 1345 sq ft of living space & ample storage along with a single carport […]

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