Monthly Archives: February 2014

Rising Home Prices Hurting Housing Affordability

Housing Affordability Strong year-over-year price gains are starting to take a bite into housing affordability, particularly in the West, according to the NAR. The median single-family home price rose in 73 percent of the markets, or 119 out of 164 … Continue reading

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When Unmarried Couples Are Home Buyers

When Unmarried Couples Are Home Buyers More couples these days are home buyers together before they marry, and some do not intend to marry at all. Unmarried couples need to determine how to hold the title: whether the home will … Continue reading

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Real Estate Market On The Mend

Real Estate Market The real estate market is on the mend with existing-home sales and prices up, but government officials caution the economy is still fragile in the Obama Administration’s January 2014 Housing Scorecard, an overall look at the nation’s … Continue reading

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Short Sellers Must Pay Attention To Credit Reports

Credit Reports And Short Sales Those who have undergone a previous short sale need to pay careful attention to their credit report to make sure it was reported accurately by the lender, especially if they want to apply for a … Continue reading

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Wells Fargo Lowers Credit Scores to 600

Lower Credit Scores Wells Fargo has announced that it will accept lower credit scores for loans backed by the Federal Housing Administration. “We have dropped our FICO minimum for FHA from 640 to 600,” says Wells Fargo Executive Vice President … Continue reading

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Young Adults Still Living With Parents

Young Adults Living With Parents The percentage of young adults ages 18 to 34 living with parents or parents-in-law has risen sharply since the late 2000s, according to the most recent American Community Survey. One in three young adults – … Continue reading

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Allowing Home Buyers to Sleepover?

New Way to Sell a Home Some home buyers are making an unusual request: They’re asking to spend the night at a home before they make an offer on it. Allowing home buyers to sleepover? HGTV’s “Sleep On It,” which … Continue reading

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No Housing Bubble At This Time

No Housing Bubble Though home prices are projected to grow at a 3 percent to 5 percent appreciation rate, economists at Clear Capital are saying there should be no worries about a housing bubble brewing any time soon. In fact, … Continue reading

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Florida Still #1 In Foreclosures

Florida Still #1 In Foreclosures. As the foreclosure crisis continues to recede, some parts of the country remain at elevated levels. Five states now account for nearly half of all the completed foreclosures in the nation —Florida, Michigan, California, Texas, … Continue reading

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