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WASHINGTON - A new federal program to support state and local housing finance agencies is expected to involve more than $29 billion in government support, Fannie Mae and Freddie Mac disclosed Thursday.
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WASHINGTON - A rising proportion of fixed-rate home loans made to people with good credit are sinking into foreclosure, adding to concerns about the strength of the economic recovery.
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McLEAN, Va. - Rates on 30-year mortgages stayed below 5 percent this week but remained above the record set earlier this year, Freddie Mac said Thursday.
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NEW YORK - Shares of most homebuilders were mixed in Wednesday trading after two reports gave weak readings on the current housing market.
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Nov. 17--The development of housing geared to low- and moderate-income residents has come to a near halt in Silicon Valley because of state and local budget crises and the general economic meltdown, housing experts gathered in Santa Clara said Tuesday.
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Nov. 17--Camas home builder Matthew Clarkson holds no grand illusions about a rapid recovery from recession for his industry as he assumes the top leadership job with Washington's biggest home builders group.
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For Pat Roma, a carpentry student at Portland Arts and Technology High School, it makes sense to learn how to build an energy- efficient house.
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Nov. 13--Although the affordability of Inland Southern California's entry-level homes remains high, prices edged up in the third quarter and potentially eliminated some buyers as a reduced supply of bank-owned houses hit the market, the California Association of Realtors reported Thursday.
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Home's price sheds light on local market One of the top 10 home sales in September in the Richmond area was for a house with 12,870 square feet that sold for $931,900.
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Nov. 12--One month does not a trend make, but the number of housing permits issued by Waco in October at least has builders talking about a change for the better.
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Think a posh second home in a sunny spot is beyond your means?
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Nov. 11--Call it the first-time homebuyer bump.
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BIRMINGHAM, Ala. - The second-largest thrift in Alabama is suspending mortgage lending amid hefty third-quarter losses as real-estate values moved lower and foreclosure rates turned higher.
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Nov. 12--SANTA CRUZ -- The new townhome, one of four, is an upscale development with Silestone counters, stainless steel appliances and radiant floor heating keeping electric bills low.
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A real estate group says home prices fell in eight out of every 10 U.S. cities in the third quarter of this year as heavily discounted distressed sales made up 30 percent of all deals.
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Nov. 7--Sedalia-area real estate professionals believe the federal government's extension of tax credits for home buyers is a positive step to get more people into the housing market.
One California receiver doesn't see his role in competition with builders.
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Unless it reaches agreement with its lenders, the Bensalem, Pa.-based builder faces cash deficit by December.
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A simple narrative is often used to characterize the foreclosure crisis at the heart of America's Great Recession: While banks are at fault for approving risky loans, people who lived in the homes are as much to blame.
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Nov. 7--In the past decade, tragic events have befallen Dennis Temple of San Rafael much like dominoes, one after another, including a stroke, loss of loved ones and a divorce.