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Category Archives: Mortgage

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HUD offers disaster relief to California wildfire victims

Source: Housing Wire Grants immediate foreclosure relief The U.S. Department of Housing and Urban Development announced Thursday it will offer relief to disaster victims of the recent California wildfires. As of Wednesday, wildfires that...

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What happened to black homeownership?

Source: Mortgage News Daily   Homeownership by black Americans has "declined to levels not seen since the 1960s when private race-based discrimination was legal." Like most demographic groups, black Americans saw homeownership gains...

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9 home-buying myths to stop believing

Source: Realtor.com When you’re ready to make the jump from renter to homeowner, beware of the most common misconceptions about home buying such as thinking looking for homes is the first step. Instead, before homebuyers get started, they...

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Sales of million dollar homes swoon

Source: CNBC Sales of homes priced above $1 million fell 4 percent in July from a year ago, according to the National Association of REALTORS®. Activity is far more robust at the entry level and middle of the market, thanks to a drop in mortgage...

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This is the best time in history to invest in real...

Source: MarketWatch If you’re an investor, there’s never been a better time in history to get into real estate, according to a MarketWatch contributor. Prices continue to increase, with median home prices rising to new all-time highs in some...

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Tax relief bill for distressed California homeowners deep-sixed

Source: Sacramento Bee Senate Bill 907, authored by Sen. Cathleen Galgiani (D-Manteca) died in the Legislature earlier this month. The bill would have extended through 2016 a tax break for millions of Californians with underwater homes. These...

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Homeowners overestimate their home values

Source: Housing Wire To be sure, home prices are rising and even hitting highs in some markets but they are not rising quite as high as homeowners may think, according to the National Home Price Perception Index (HPPI) release by Quicken Loans....

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Homeownership Rate in the U.S. Tumbles to the Lowest Since 1965

Source: Bloomberg The share of Americans who own their homes was 62.9 percent in the second quarter, the lowest since 1965, according to a Census Bureau report just released. As rising prices put buying out of reach for many renters, it was the...

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