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Neither jobs nor rich people are fleeing California—but the middle class and the poor are. The exodus slowed down during the recession, but now that home prices are rising again, more people will leave the state.
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Phoenix, Las Vegas, and San Jose post largest year-over-year price gains in December. Las Vegas and Seattle are 2012’s biggest turnaround markets.
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What a difference a year makes. 2012 was the year the housing recovery came to life – with the market now stronger than anyone dared hope for a year ago. Here’s what 2013 has in store.
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Refinancing, new mortgage regulations, and the mortgage interest deduction all won on Tuesday. But the best shot at more principal reductions might have been lost.