Archive for May, 2011

Homes prices hit new lows in March

The Standard & Poor’s/Case-Shiller index of housing prices in 20 metropolitan areas declines 3.6% from March 2010, falling past the bottom reached two years ago and confirming a ‘double dip’ in home values. Home prices hit new lows in March, falling past the bottom reached two years ago and renewing concerns about the economy’s ability to fully recover from the grip of recession.

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Short Sale vs. Foreclosure Webinar on June 1

%excerpt% More here: Short Sale vs. Foreclosure Webinar on June 1

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EXPO early bird pricing extended to June 3

%excerpt% Read more: EXPO early bird pricing extended to June 3

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Case-Shiller home-price index hits new low

An index of home prices in the nation’s largest American cities plumbed new depths in March, pushing past a low set during the worst of the Great Recession.

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On the Market: Torrance

Address: 2521 Sonoma St., Torrance 90503

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IRS does poor job of handling homeowner tax credit programs

An audit showed the IRS was unable to verify key requirements for eligibility. Many people who claimed tax credits for installing energy-saving equipment and materials in their houses showed no evidence of owning a home

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West Hollywood Craftsman no longer shows its age

The West Hollywood home looked scruffy when Welly Yang first saw it.

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Pending home sales plummet in April

The National Assn.

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Charlie Sheen lists his Beverly Hills home

The Mediterranean-style home includes spacious public rooms, screening room, outdoor kitchen, five bedrooms and seven bathrooms. Former “Two and a Half Men” star Charlie Sheen has listed his residence in Beverly Hills’ gated Mulholland Estates for $7.2 million.

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Big Market for Foreclosed Homes

National sales of foreclosed homes remains high and steady at 28% in the first quarter of 2011, which analysts say is good for the housing market. Depressed properties, whether they are owned by the bank, in default or waiting for auction do not contribute to growth and must be moved back into the stream..

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