Real Estate Blog

Underwater Homeowners Become A Smaller Slice Of The Pie

More than 1.96 million homeowners to be freed by next year Even as home values continue to recover, millions of homeowners remain so far underwater that it will take years for them to regain equity in their properties. However, the latest data from Zillow (Z) reveals that underwater borrowers are becoming a smaller and smaller piece of the...

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Pending sales of US homes slip from 6-year high

WASHINGTON (AP) — The number of Americans who signed contracts to buy homes dipped in June from a six-year high in May, a sign that sales could stabilize over the next few months. The National Association of Realtors said Monday that its seasonally adjusted index for pending home sales ticked down 0.4 percent to 110.9 in...

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Home flipping frenzy returns to Southland real estate market

With Southern California home prices rising in a fast-paced recovery, home flippers have returned to the market in force. Like most real estate agents,Tarek El Moussa saw much of his livelihood evaporate in the housing bust. But with prices beaten down, El Moussa also started seeing bargains everywhere. He bought a Santa Ana condo for $115,000 in...

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