In March, for the second straight month, home resales slipped nationwide. According to the National Association of REALTORS®, March 2012 Existing Home Sales fell to 4.48 million units on a seasonally-adjusted annualized basis -- a 3 percent drop from February. An "existing home" is a home that's
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04/22/2012
According to foreclosure-tracking firm RealtyTrac, foreclosure filings fell to 199,000 in March 2012, a 17 percent decrease from March 2011. Last month marks the first time since July 2007 that foreclosure filings numbered less than 200,000 on a monthly basis -- a span of nearly 5 years. The gen
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04/19/2012
Tuesday, the government released its March 2012 New Residential Construction report. The report is made up of three sections, each related to a phase of the "new home" market. The report's first part is Building Permits; the second is Housing Starts; the third is Housing Completions. Of the thre
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04/18/2012
Last Friday, in its Non-Farm Payrolls report for the month of March, the Bureau of Labor Statistics announced 120,000 net new jobs created, plus combined revisions in the January and February reports of +4,000 jobs. The March report marks the 18th straight month of job growth nationwide -- the fi
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04/13/2012
If you're out shopping for a home this week, or trying to lock a mortgage rate, with Friday comes home affordability risk. Consider locking your mortgage rate today. The March Non-Farm Payrolls report is due for release Friday morning and mortgage rates are expected to move. Unfortunately for the
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04/05/2012
After a brief run-up two weeks ago, mortgage rates are back below 4 percent. It's good news for home buyers and mortgage rate shoppers of Palm Desert Real Estate because with lower mortgage rates come lower mortgage payments. According to Freddie Mac's weekly Primary Mortgage Market Survey, the n
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04/02/2012
The housing market took a step back in February, but remains near post-recession highs. According to data from the National Association of REALTORS®, February's Pending Home Sales Index slipped 0.5 percent from the month prior, to 96.5. The Pending Home Sales Index is a monthly report which measu
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04/02/2012
