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Homebuyer demand took a step down in July, with the month posting fewer home tours and less home offers, Redfin’s Real-Time Demand Pulse report found.

Many key indicators in housing are showing signs of strengthening, from home prices to purchases of new homes and sales of existing homes, according to the Obama Administration’s July Housing Scorecard. The Department of Housing and Urban Development cited the positive news as a good place to start to scale down the government’s involvement in housing finance.

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Despite recently filing for a foreclosure, all Detroit Multiple Listing Service sales for July were up by 4.6%, from 6,468 units to 6,763. Additionally, the median sale price for all MLS sales rose 38.9% year-over-year to $125,000, according to data from RealComp. With more homes being listed up 11.9%, up from 11,548 to 12,926, homes are spending more time on the market. The average days on-market for the entire MLS dropped by 18 days, from 76 to 58 days. Of the 6,763 sales closed in July, 6.3%  or 428 sales  […]

The Federal Housing Finance Agency is the latest agency to step in and threaten lawsuits to try to stop municipalities from using eminent domain to purchase underwater mortgages. The agency says they have “serious concerns” about any municipality that adopts such a plan, and they will consider legal action against any city that does. The agency’s announcement follows shortly after a group of the nation’s largest bondholders filed a lawsuit against the city of Richmond, Calif., which is trying to move forward with using eminent domain to seize mortgages. Fannie […]

As a transplant from the midwest who moved to Phoenix 12 years ago I know how overwhelming it can feel when trying to find the right neighbhorhood in this large metro area, especially when you are GLBT. I have worked with many buyers, in many parts of the Phoenix valley and I look foward to helping you find your way home ~ Contact me today for a Free No Obligation Consultation! Specialties: The long and winding road that leads to the door of your new home can be confusing and […]

President Obama spoke Tuesday about how far housing has come from its pit in the middle of the crisis. The latest housing scorecard from the Obama Administration only strengthened the presidents statements, yet serves as a reminder that there is still a long ways to go. As the July housing scorecard indicates, the Obama Administration’s efforts to speed the housing recovery are continuing to build upon the progress that has been made over the last four years, said U.S. Department of Housing and Urban Development Deputy Assistant Secretary for Economic […]

Many buyers are still seeing plenty of opportunities with buying a vacation home,  says Tom Gilmore, chief executive and founder of VacationHomeRentals.com. The home can even turn into a money-maker for those who choose to rent them out. Twenty-three percent of buyers said they plan to rent out their recently purchased second home, according to a National Association of REALTORS® survey on the second home and vacation home market. MarketWatch reports that the following are some of the best vacation home hot-spots, based on the potential return from renting, provided […]

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HomeVestors, professional home-buying network of independently owned and operated franchisees, announced Friday its largest number of new franchisees in a single quarter.