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Half-Point Drop In Interest Rates Boosts Homebuyers’ Budgets

October 28, 2014
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Interest rates have fallen below 4 percent, meaning buyers can get a more expensive home for the same monthly payment. Since the beginning of the year, the 30-year fixed mortgage rate on Zillow has fallen by more than a half point, from 4.3 percent to 3.8 percent. A half point may not seem like a […]

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These Real-Estate Agents Walked Into Real-Life Houses Of Horror

October 28, 2014
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It doesn’t have to be Halloween for real-estate agents to stumble into some truly creepy houses. In some cases, sellers haven’t taken the care to stage their home properly before listing. Foreclosures also often yield some rather odd showings. Here are some of their stories. In Colorado Springs, real-estate agent Willi Ellis, with ERA Shields, […]

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Consumer Confidence In U.S. Increases To A Seven-Year High

October 28, 2014
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Consumer confidence advanced in October as Americans enjoyed further price drops at the gas pump and the job market continued to improve. The Conference Board’s index climbed to 94.5 this month, the highest since October 2007, from a September reading of 89 that was stronger than initially estimated. The gauge exceeded the most optimistic projection […]

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Why Do People Move: Jobs or Housing?

October 28, 2014
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It’s often assumed that people move to get better jobs. But Census data show the main people reason move is to gain access to better housing. The issue is sometimes posed as a chicken-and-egg question: What comes first, people or jobs? A new study published in the journal Urban Studies takes a close look at the […]

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Pending Home Sales Inch Up In September As Housing Market Normalizes

October 27, 2014
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The number of contracts signed to buy previously-owned homes inched up slightly in September, reaching its second-highest level since August 2013. The numbers are another indicator that the housing market is past the rapid recovery phase and is beginning to normalize. The Pending Home Sales Index, which tracks contract signings (as opposed to closed sales), […]

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Reframing Rays: Solar Companies Seek New Ways To Sell Panels

October 27, 2014
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When Michelle Rose went hunting for a new home, she was looking for three bedrooms and baths, a nice floor plan and granite countertops. Solar panels weren’t on the list. Still, there they were on the model home in the Table Rock Ridge development being built by Lennar Homes in Golden, Colorado – at no […]

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At Six-Year High, New-Home Sales Remain On Upward Track

October 24, 2014
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Sales of new homes in September rose slightly and hit a six-year high even though purchases earlier in the summer were not nearly as strong as initially reported. The pace of new home sales edged up 0.2% last month to an annual rate of 467,000, compared to a revised 466,000 in August, the government said […]

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U.S. Existing Home Sales At One-Year High, Prices Up

October 22, 2014
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U.S. home resales raced to a one-year high in September, the latest indication the housing market recovery is gradually getting back on track. The National Association of Realtors said existing home sales increased 2.4 percent to an annual rate of 5.17 million units, the strongest reading since September of last year. That was above economists’ […]

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The Need For Multigenerational Housing: The Numbers Are Growing

October 21, 2014
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In a recent article, Forbes highlighted the growing need for multigenerational housing in America today. Now, boomers have more attractive living options for sharing households, whether it’s to provide housing for their parents or to move in with their grown children and grandkids. The idea of multigenerational housing is as old as humanity. But mostly […]

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Nationwide Housing Starts Top 1 Million For Third Time This Year

October 21, 2014
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For the third time this year, nationwide housing starts surpassed the million-mark, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Total housing production in September rose 6.3 percent to a seasonally adjusted annual rate of 1.017 million units. “These numbers show starts returning to […]

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