Thursday, July 1, 2010

Real estate news update: 7-01

A daily dose of headlines for real estate agents, mortgage lenders and consumers.

Where home prices are strongest now
Smart Money:
While its difficult to call an absolute bottom for home prices, ├»¿½prices are still low enough├»¿½ that buyers dont need to worry about further declines.
Sellers and buyers disagree on home values
Real Estate Economy Watch:Three out of four homeowners think their homes are worth more, and 63 percent of agents and brokers say buyers think homes are overpriced.
Foreclosures sell at 30% discount
CNN Money: Part of the reason for the bigger price cut is many of them come to the market in poor condition, their previous owners either unable to or unwilling to maintain them.
DC area home prices gains in April best in U.S.
Washington Business Journal: Only four cities in the index posted better annual gains, led by San Francisco where prices advanced 18 percent in the last year.
What Wall Street reform means for your mortgage
CNN Money: Predatory lending would likely become a thing of the past and that may mean that mortgages get more expensive and more difficult to get, lenders warn.
Vacant DC properties on the chopping block
DC Mud
: Buyers can include only prospective home owners that will occupy the property, non-profits and Certified Business Enterprises CBE registered with the District.

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