Home Sellers Step Up as Last-Resort Lender to Poor-Credit Buyers (Bloomberg)

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By Prashant Gopal – May 10, 2011 9:00 PM PT Financing provided by home sellers, popular in the 1980s when mortgage rates reached 18 percent, is making a comeback in markets such as Michigan that have been hit hard by foreclosures. Sue and Douglas Reed knew no bank would give them a mortgage — not… Read More

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Mortgage Rates at Lowest Level of the Year!! (MSN)

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Mortgage rates at lowest level of the year By MSN Money partner on Thu, May 12, 2011 1:05 PM This post comes from Amy Hoak at partner site MarketWatch. Meanwhile, foreclosures and other distressed homes are holding home prices down in many areas. Mortgage rates fell for the fourth week, with rates on the 30-year… Read More

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Homes sale up as prices hold steady (CNN Money)

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By Les Christie, staff writer February 10, 2011: 11:09 AM ET NEW YORK (CNNMoney) — Home sales volume rose sharply in the final three months of 2010, aided by more stable prices on a year-over-year basis, a real estate industry group said Thursday. Sales jumped 15.4% in the fourth quarter to an annual rate of… Read More

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Tacoma and Seattle both are in the top five cities to rebound in 2010 (MSN Real Estate)

The 5 best markets for 2010 It won’t be a high bar to be considered a top performer in this year’s housing market. By Lisa Scherzer of SmartMoney Tacoma, Wash., tops Moody’s list of cities where home prices will perform the best in 2010. After a dour year when housing prices fell more than 12%… Read More

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Foreclosures affect on appraisals (Associated Press)

Foreclosures weigh on home appraisals It appears that in neighborhoods with high foreclosure rates, values for all homes are being pulled lower than in areas where there are few or none. By Alex Veiga The Associated Press LOS ANGELES — It wasn’t the first time that Katherine Scheri ruined a real-estate agent’s day with a… Read More

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