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Fannie Mae’s chief economist on housing market outlook

Housing Wire

However, a silver lining in the subdued housing market is the strength in new-home sales. On the production side, the mortgage business is in recession because the levels of existing-home sales are back where they were at the end of the great financial crisis at around 4 million units. That’s very low historically.

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Hope and homebuyers return to Paradise

Housing Wire

After the fire, the price of PG&E’s shares tumbled and in early 2019 the company, which provides gas and electricity to the vast majority of Northern California homes, filed for Chapter 11 restructuring bankruptcy. In 2020, as part of its plan to exit bankruptcy , PG&E agreed to fund a $13.5

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Opinion: How did homeowners get into home equity prison?

Housing Wire

For those individuals that are considering selling in the current real estate market , it is important to stress to them that they have several paths that can be taken to find their new home while also not breaking the bank. If they have the ability to work remotely, that flexibility expands their potential search area for a new house.

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Why an Economic Downturn Represents the Best Time to Invest in Real Estate

The Close

According to the National Association of Realtors’ latest existing-home sales data , sales are down 23.2% This retail market is reflective of a sale between a seller who is not in financial or personal distress and a buyer who is not being influenced to buy due to their circumstances. and prices are down 1.7%

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How Smart Investors Decipher & Respond to Real Estate Market Cycles

The Close

Real estate sales by unit. Distressed sales will create a downward force on sales prices, especially for sellers who are forced to move. Further out, suburban areas begin to lose value as homebuilders continue to overbuild because new construction timelines are longer. Some areas may not recover in our lifetimes.

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How to Find Out Who Owns Property in Your Neighborhood (Or Anywhere!)

HomeLight

Births and deaths, marriages and divorces, tax liens, bankruptcy rulings, and census data are just a few examples of information available to anyone who is willing to look it up. When it comes to property records , you can find out about a home’s sales history, tax history, liens, easements, zoning information, lot size — all of it.

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How Much Does a Home Appraisal Cost in Florida?

HomeLight

With the median sale price of a single-family home in Florida coming in at about $395,000 , both buyers and sellers in the Sunshine State want the most value for their money. Lots of lenders want me to look at (at least) two sales under ninety days. That was easy when sales were blowing up, but it’s not so easy anymore,” she says.