States Craft Programs for Stressed Owners
Arizona, Florida, and Michigan propose using federal funds to subsidize mortgage payments for struggling borrowers.
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Economist Says It’s Time to Raise Rates
Ken Rosen of the University of California Fisher Center for Real Estate says the financial crisis is over and that it’s time for the Fed to increase interest rates.
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Mortgage Scams Continue to Grow
According to the Mortgage Asset Research Institute, mortgage fraud is still on the rise.
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Housing Analyst says ‘Worst Is Over’
Metrostudy, a real estate research firm, says demand is up in certain cities while inventory levels decrease.
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Vacancy Rates Slip Slightly
The U.S. Commerce Department reports that vacancies have declined since 2009, a positive sign for the market.
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Reverse Mortgage Trend Line Drops
Limited by the amount they can borrow against the value of their house, fewer seniors are opting for a reverse mortgage.
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