‚ÄúWASHINGTON — Spring buying pushed home prices up for a third straight month in most major U.S. cities in June. But the housing market remains shaky, and further price declines are expected this year.‚Äù
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“(MCT)—Fannie Mae and Freddie Mac are publicly traded companies that guarantee the majority of new mortgages in the U.S. They are key players in the government’s foreclosure-prevention initiative—most notably, the Making Home Affordable program.”
“Home prices in the U.S. increased in July for the fourth consecutive month, inching up 0.8 percent on a month-over-month basis, according to a report Tuesday from financial information company CoreLogic Inc. (NYSE: CLGX), of Santa Ana.”
“San Diego housing prices inched up in June for the summer season but remain more than 5 percent below levels seen in June 2010.”
“Question: I live in a rental unit managed by a large realty company. The flat is in a very desirable location and I have lived there for 15 years. I have been an excellent tenant – always pay rent on time, no problems, etc.”
“In the more than four years of the real estate recession, many wanna-be homeowners have been hunting for houses way above their realistic price range, banking on the hope that they can make a lowball offer and get it accepted.”
“DataQuick’s freshest homebuying stats show these trends in Surf City for the 22 business days ending August 10:”
“Where is housing stronger: Orange or Villa Park?
‚ÄúWhere’s housing doing better this summer: Placentia or Yorba Linda?
“Authorities have arrested seven people, including some in the United States illegally, on suspicion of posing as owners of at least 20 homes they were renting, taking out $5.9 million in home-equity loans and pocketing the cash.”
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