Vacation-Home Sales Increased in 2009
While vacation-home sales climbed 7.9 percent from 2008, investment sales fell 15.9 percent, according to an NAR survey.
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Mortgage Applications Hit 6-Month High
The Mortgage Bankers Association’s Weekly Survey shows a rise of 6.8 percent in mortgage applications to purchase homes, the largest figures since October 2009.
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How Did Some Markets Avoid the Bust?
Many areas avoided both the housing boom and the bust because they didn’t have a great deal of nonprime lending, a report from the New York Federal Reserve says.
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Economists Give Housing Mixed Reviews
Some economists say home prices are on their way up, while others believe foreclosures will continue to hold back recovery.
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Practitioner’s Records Help Win Suit
A jury rejected a “failure to disclose” claim against a Massachusetts real estate professional. The practitioner was charged by a condo buyer who claimed she should have notified about a smoking neighbor.
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The New Face of House Flipping
Wealthy entrepreneurs and overseas investors are scooping up blighted homes and making fast and professional flips.
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