Archive | June, 2014

Housing on the Mend, Ever So Gradually

By FLOYD NORRIS ONE way to tell the housing market is beginning to show signs of health would be that builders of new homes are selling more houses than banks do. We are not there yet, but the gap is narrowing, even as overall home sales slow. According to calculations by Hanley Wood, a real estate […]

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Home prices rise at slowest yearly pace in 14 months

By Vicki Needham – 06/03/14 10:06 AM EDT Home prices rose at their slowest yearly pace since February 2013 as the slow down in homes sales holds back larger gains. CoreLogic said Tuesday that prices are 10.5 percent higher than a year ago while April’s prices were 2.1 percent higher than March levels, including distressed sales. The rise […]

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Buying a home? Bankers say do these 8 things first

  Manage your budget, check your credit, and more Ben Lane June 2, 2014 4:17PMMany first time homebuyers launch into the market, find the perfect home, and then decide to look at getting a mortgage. Imagine the disappoint when they are declined and the perfect nest slips from their grasp. That’s because the buyers have […]

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Cash Deals for Homes Reach Record With Boomers Retiring

By Kathleen M. Howley  Jun 1, 2014 9:00 PM PT Mike Trafton bought a house in a suburb of Boise,Idaho, where he plans to retire. He made the deal without signing a stack of mortgage papers. Trafton, 55, and his wife Cindy, 54, paid $400,000 in cash for the 3,200-square-foot house in Eagle after selling their 4,400-square-foot home […]

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Mortgage Rates Are Falling, So Where Are the Home Buyers?

By NICK TIMIRAOS Mortgage rates have fallen close to their lowest levels in nearly a year, but housing demand hasn’t budged much yet. Freddie MacFMCC -0.45% reported Thursday that the average 30-year, fixed-rate mortgage rose to 4.14% this week, up from 4.12% last week but down from 4.4% just two months ago. This puts rates at roughly the […]

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What do American homeowners really want?

  Size matters and other secrets you must know to compete for buyers Trey Garrison June 3, 2014 11:27AMResidential construction overall may have stalled out after a brisk 2013, but what is being built shows Americans haven’t lost their desire for a little more elbow room in their homesteads. According to just released data from […]

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North Palm Springs seeing new hotels, restaurants

Skip Descant, The Desert Sun11:33 p.m. PDT May 30, 2014 PALM SPRINGS – Denise Adams and her husband, Tom, were a bit surprised that what seemed to be the most obvious name for their new hotel was theirs for the taking. The couple double-checked The Palm Springs Hotel with city and county offices, genuinely shocked the name was […]

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