Archive for April, 2012

Home Prices Slashed in Ireland

The Irish housing market has suffered more than many as various regions around the world react to persistent global financial insecurity, and now many homes in Ireland are being sold at auction for as much as 80% less than pre-crisis values. Seaside vacation homes can be found for far less than €100,000…

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Sales Up, Listings Down in New Zealand

Real estate agents in New Zealand are reporting that sales are up across the country; however, listings are not keeping up with the rate of interest among buyers. Sales volume has been rising since the first quarter of 2011 when sales increased 7%, followed by an 18% the next quarter and a 22% gain…

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US Housing Market Bottom Forecasted … Again

Real estate experts have been speculating on when the U.S. housing market will reach bottom for years now, and the most recent Zillow Home Value Forecast is once again making a bet on the numbers. The research firms’ first quarter Real Estate Market Report recorded a 0.5% increase in home values..

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US Foreclosures Ramping Up

RealtyTrac reports a returning wave of foreclosures is breaking in the struggling U.S. housing market despite banks’ efforts to pursue alternatives. It was once thought that the $25 billion settlement between states and the country’s largest banks for their involvement in unscrupulous foreclosure…

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US Housing Market Rebounding, Says NAR

The National Association of Realtors (NAR) has announced the beginning of recovery for the U.S. housing market, based on a 4.1% increase in its Pending Home Sales Index and a slight jump in home values. NAR analysts say increased sales are lowering inventory and helping establish more balance in the…

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US Housing Market Rebounding, Says NAR

The National Association of Realtors (NAR) has announced the beginning of recovery for the U.S. housing market, based on a 4.1% increase in its Pending Home Sales Index and a slight jump in home values. NAR analysts say increased sales are lowering inventory and helping establish more balance in the…

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Homeowners may nominate themselves for election to association board

California law sets rules for election procedures for a homeowners association board of directors. Question: I want to be elected to serve on my homeowners association’s board but my board won’t let me nominate myself. They dominate election advertising, edit and control candidate statements and qualifications, limit access to the common areas during campaigning, and control the election in such a way that it favors incumbent directors.

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Development’s name alone can change home prices

Most builders think naming their subdivisions ranks up there in importance with high-quality construction.

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New federal rules could speed up short-sale process

Homeowners can expect a response from their bank on a short-sale offer within 30 business days, with a final decision taking no more than 60 days, if their loan is owned by Fannie Mae or Freddie Mac. WASHINGTON — If you’re one of the estimated 11 million homeowners burdened with an underwater mortgage, a new federal policy change could be good news: Starting in June, when you want to do a short sale to shed your mortgage and avoid foreclosure, you may not have to wait for months to hear back from your bank when you submit an offer from a potential purchaser.

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Home of the Week: Pacific Palisades compound with ocean views

The property features a contemporary three-story main house with five bedrooms and nine bathrooms, unobstructed coastline views and a guesthouse with a claim to fame.

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