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Home prices finally bottoming out, analysts say

by countyproperties | Mar 26, 2012 | Latest News, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news

Things look better on the home front now compared to late last year, notes Bank of America Merrill Lynch, which revised its home price forecast Thursday to say “prices are bottoming now.” In November, BofA Merrill Lynch analysts forecast home prices would...

Foreclosure shadow inventory levels are dropping

by countyproperties | Mar 26, 2012 | Latest News, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news

The nation’s shadow inventory remained flat in January compared to October figures but shrunk about 10% from levels seen a year earlier, according to new data from CoreLogic. Shadow inventory totaled 1.6 million units in January, a six-month supply, down from...

Happy St. Patrick's day and the history behind it

by countyproperties | Mar 16, 2012 | Latest News

St Patrick is known as the patron saint of Ireland. True, he was not a born Irish. But he has become an integral part of the Irish heritage, mostly through his service across Ireland of the 5th century. Patrick was born in the later half of the 4th century AD. There...

Settlement will make Banks home short sales faster and easier

by countyproperties | Mar 16, 2012 | Finance, Latest News, Real Estate news, Riverside Short Sales, San Diego Short Sales

Settlement starts the clock on short sales Mortgage servicers will be kept to strict short sale timelines agreed to under the state Attorneys General foreclosure settlement this week. Along with the penalties and relief for borrowers, the five largest mortgage...

Top Foreclosure Myths for 2012

by countyproperties | Mar 16, 2012 | Latest News, San Diego Foreclosure news, San Diego Real Estate

Beginning in 2007, foreclosures rocked the real estate world. Like an out-of-control freight train, they began decimating the market, peaking in 2009. Myths and rumors began propagating like mushrooms as consumers struggled to understand the new reality. Although many...

Mortgage rates inch up on positive economic data

by countyproperties | Mar 16, 2012 | Finance, Latest News, Real Estate news

Mortgage rates rose across the board this past week on positive jobs data and increasing bond yields, Freddie Mac said Thursday. The 30-year, fixed-rate mortgage hit 3.92% for the week ending March 15, up from 3.88% the previous week and down from 4.76% a year ago,...
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