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Fewer Sellers Are Cutting Prices The prices on 19 percent of homes for sale as of March 1st have been reduced at least once, the lowest percentage in the last year, according to Trulia.com. In October and November, when the market was feeling the effect Read More...
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Home buyers hoping to snag a really good deal on a foreclosed home are finding it increasingly difficult because supply is shrinking. The number of foreclosures that are available for sale nationwide fell to 617,000 in December, down from 845,000 in November Read More...
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Daily Real Estate News | February 22, 2010 | Share The Internal Revenue Service has clarified which documentation taxpayers need to submit to claim the first-time and move-up homebuyer tax credit. While the IRS is still requiring the filing of Form 5405, Read More...
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The federal foreclosure prevention program has helped about 12 percent of borrowers who applied for help since the plans were announced a year ago, the Treasury Department says. About 1 million borrowers initiated the application process, and as of January, Read More...
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Credit Suisse home-building analyst Dan Oppenheim predicts in a note to clients that 2010 will be a strong year for home builders, but also points out these threats to the business: Expiring tax credits: Oppenheim writes, “Pulled-forward demand Read More...
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Home buyers who are eager to close the deal before the tax credit expires should be prepared to deal only with lenders who will respond to the need for speed. Even buyers without A-plus credit should be able to get a loan. "If you go to enough lenders, Read More...
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Vacant residential lots are looking better and better to real estate investors. The cost of a finished, ready to build lot, can cost a developer about 25 percent of the finished home price. There are a number of these ready-to-go lots on the market at Read More...
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Strong gains in existing-home sales were the predominant pattern in most states during the fourth quarter, with many more metro areas seeing prices rise from a year earlier, according to the latest survey by the National Association of Realtors ® Read More...
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East St. Cloud, St. Cloud - Sherburne County - Announcing a price reduction on 2262 Liberty Glen Loop, a 1,740 sq. ft., 2 bath, 3 bdrm 2 story. Now MLS® $94,900 - 2 Story Townhome. Property information Read More...
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Sartell, Benton County - Announcing a price reduction on 111 4th Ave SE, a 1,568 sq. ft., 2 bath, 3 bdrm bi-level. Now MLS® $150,000 - Nice quiet location. Property information Read More...
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Daily Real Estate News | February 3, 2010 | Share Lifeline Needed for Underwater Home Owners An estimated 4.5 million home owners owe 75 percent more than their homes are worth. That number is likely to peak at 5.1 million in June, affecting 10 percent Read More...
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Adjusted for inflation, housing prices are still 15 percent to 20 percent higher than they were in the mid-1990s, calculates housing economist Dean Baker, co-director of the nonpartisan Center for Economic and Policy Research. “There’s no Read More...
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Ten Inexpensive Ways to Wow Buyers Now is the time for home owners contemplating a spring sale to spruce up their properties in anticipation of what Mike Larson of Weiss Research calls a potentially vibrant home-selling season. "If you have been Read More...
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Big Lake, Sherburne County - Announcing a price reduction on 433 Eagle Lake Road S, a 1,530 sq. ft., 1 bath, 3 bdrm 4-level split. Now MLS® $129,900 - Beautiful 4 Level Home. Property information Read More...
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The number of consumer loans that are going bad is leveling off, reports Bank of America, Wells Fargo and other large banks, signaling that the worst could be over. Bankers reported that credit quality is stabilizing with lending losses expected to peak Read More...
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