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Home | Search Results for: 159

Search Results for: 159

Report: Home Values Recaptured $1.9 Trillion in 2013

Based on early estimates of home values, properties nationwide are expected to gain almost $1.9 trillion in cumulative value in 2013, according to ""Zillow"":http://www.zillow.com/. By the end of the year, analysts for the real estate marketplace ""predict"":http://zillow.mediaroom.com/index.php?s=159&item=403 home values will be a cumulative $25.7 trillion, up 7.9 percent from the end of 2012 (which in turn was up 3.9 percent from 2011)....

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RealtyTrac Names 10 Best Beach Towns to Buy Foreclosures

...2012, with 530 foreclosure-related sales during that time. Discounts in Charleston averaged 34 percent compared to non-foreclosures. Hilton Head Island, South Carolina was number six on the list. In the first quarter of 2012, 159 foreclosure-related sales took place. The average sales price for foreclosure-related sales was $202,454, a 31 percent discount compared to non-distressed transactions. According to the 2010 Census Bureau numbers, there...

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Bank Failure Tally Rises to 10 After Two Weekend Closings

This year's bank failure tally rose to double digits over the weekend with the collapse of two more federally insured institutions. [IMAGE] ""FDIC"":http://fdic.gov/ announced the closing of Parkway Bank in Lenoir, North Carolina, and Douglas County Bank in Douglasville, Georgia, bringing the total number of bank closings this year to 10. ""CertusBank, N.A."":http://www.certusbank.com/, of Easley, South Carolina, will assume all of Parkway's...

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Initial Unemployment Claims Slip Again

Initial unemployment insurance claims fell 7,000 for the week ending March 2, closing the week at an advance estimate of 340,000, the ""Labor Department"":http://www.ows.doleta.gov/unemploy/ ""reported Thursday"":http://www.ows.doleta.gov/press/2013/030713.asp. [IMAGE] The decline represents the fourth drop in the last five weeks, indicating a downward trend in layoffs. Economists surveyed by ""Briefing.com"":http://briefing.com/ had projected...

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Case-Shiller Indices Show Midwest Price Weakness

...istinct regional pattern, with prices falling in four Midwest cities--the only Midwest cities in the survey. Prices also fell in two of the six Southern cities and in one of the eight Western cities. The 10-city index rose to 159.24, while the 20-city index improved to 146.57--the highest level since September 2010 for both composites. [COLUMN_BREAK] The year-over-year price gains were led by Phoenix, where prices rose 23.0 percent, consistent...

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‘Government Intervention’ Drives Down Distressed Sales in California

Distressed property sales have declined drastically in California over the last year, according to a recent report from ""PropertyRadar"":http://www.propertyradar.com. [IMAGE] In June, sales for distressed homes and condominiums plunged 46.5 percent year-over-year in June. On the other hand, non-distressed property sales shot up by 31.3 percent during the same time period. Government intervention is the main driving force behind the declines in...

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Interthinx: Mortgage Fraud Risk Climbs to Highest Level Since 2009

...level since 2009, ""Interthinx"":http://www.interthinx.com/ reported Tuesday. [IMAGE] According to the company's ""Mortgage Fraud Risk Report"":http://www2.interthinx.com/MFRR_2012Q4, the mortgage fraud risk index climbed to 159, representing a 16 percent increase from Q3 2012 and 9 percent increase from Q4 2011. Interthinx pinpointed the source of the increase to a surge in property valuation fraud risk, which rose 25 percent from Q3. Property...

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Existing-Home Sales, Prices Jump in May

Existing-home sales rose a solid 4.2 percent in May to an annual sales rate of 5.18 million, the highest level since November 2009, the ""National Association of Realtors"":http://www.realtor.org/news-releases/2013/06/existing-home-sales-rise-in-may-with-strong-price-increases (NAR) reported Thursday. [IMAGE] Economists had expected existing home sales to hit 5.0 million. The median price of an existing home jumped $16,200 (8.4 percent) for the...

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Housing Starts Up in October, Completions Soar

...66.4 percent of all starts in October, down from 68.9 percent in September and 69.7 percent a year ago. Total starts rose in two of the four census regions, improving 34,000 in the West to 232,000 and 13,000 in the Midwest to 159,000 while dropping 11,000 in the South to 431,000 and 5,000 in the Northeast to 72,000. Single-family starts also improved in the West and Midwest while falling in the South and Northeast. Total permits rose...

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Walmart’s Positive Impact on Home Prices: NBER

...uestion of Walmart's impact on home prices and found that the opposite appears to be true. For the study, which was authored by Devin G. Pope and Jaren C. Pope, NBER assessed over one million housing transactions located near 159 Walmarts that opened between 2000 and 2006 to test the assumption that opening a Walmart lowers home prices. The results from the analysis suggested that a new Walmart store actually increases nearby home prices. The...

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