Wednesday, July 1, 2009

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July 1, 2009

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Pending Home Sales Rise Again
This forward-looking indicator has been up for four consecutive months, according to NAR.
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Mortgage Applications Hit 8-Month Low
Though interest rates declined, loan demand fell last week because of economic concerns and problems with appraisals coming in too low.
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Construction Defects May Have Risen During Boom
Building-inspection firm says that 17 percent of homes built in 2006 had at least two significant defects, up from 15 percent in 2003.
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Long & Foster Exec Moves Closer to FHA Job
David H. Stevens, president of the Washington, D.C., real estate firm Long & Foster, is a step closer to being head of the Federal Housing Administration.
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More Owners Walk Away When Underwater
A study finds that home owners begin to walk away from a mortgage after price declines of 15 percent or more, even if they can afford to pay their mortgage.
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Is Mortgage Forgiveness the Answer?
Some housing experts say the next logical step for helping home owners with negative equity is loan forgiveness.
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How I Sold It: Pricing Strategy Stirs Demand
Video: Watch a Second-Home Specialist in Action
Buyer's Guide: Build Better Web Sites
Have You Sold a Tough Listing Lately?
If you've used unique sales and marketing techniques to sell a challenging property, we want to hear from you.
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Share Your Best Low-Cost Prospecting Idea
Got a good prospecting technique that doesn't break your budget? We want to hear about your most effective ideas.
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