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Irvine housing market speeds up 9%

“The housing market in Irvine sped up 9% in two weeks.”

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Pending home sales fall by most in a year but improve from 2011

“Pending home sales — the measure of how many Americans signed contracts to buy previously owned homes — tumbled last month in the steepest fall in more than a year.”

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Lack of Distressed Supply Continues to Hit Home Sales

“The unexpected drop in signed contracts to buy existing homes in April should have come as no surprise. It is all about price point, supply, and where the action is/has been.”

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Demand for O.C. homes at 7-year high

“Demand for local housing slipped in two weeks but is still at a 7-year high for late May.”

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O.C. hit by 7th deepest construction-job cut

“Orange County construction bosses cut 4,100 workers in the year ended in April, the 7th biggest drop in the nation, by one analysis.”

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1st gain for L.A.-O.C. home prices in 8 months

“The widely discussed (but kind of late) S&P/Case-Shiller home-price indexes confirmed what we already knew: local home prices firmed as the spring home-shopping season began.
The S&P index for Los Angeles and Orange County moved ahead a slim 0.13% from February to March — first month-to-month gain since July. Year-over-year for March, the L.A./O.C. index was -4.8% — the smallest annualized decline since September.”

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HUD, PUERTO RICO CONDO ASSOCIATION REACH $1 MILLION DISCRIMINATION SETTLEMENT CALLING FOR EXTENSIVE REPAIRS

“WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) announced today that it has reached an agreement valued at $1 million with Condominium Association Isleta Marina in Puerto Real, Puerto Rico, settling allegations that the property’s inoperative elevators violated the federal Fair Housing Act based on disability. The resident who filed the complaint with HUD alleged that because of the non-working elevators, she was forced to climb up and down four flights of stairs when leaving and returning to her home, aggravating her mobility disability.”

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Home Prices Hit Lows, but ‘We See Signs of Hope’

“All three “headline composites” of the latest and widely watched S&P/Case Shiller home price indices ended the first quarter of 2012 at new post-crisis lows.”

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NAR Tech Edge Helps Realtors® Expand, Develop Their Tech Use

‚ÄúWASHINGTON (May 29, 2012) – Technology has transformed the way Realtors¬Æ do business, and the National Association of Realtors¬Æ is helping members keep up with the latest trends that can enhance business and client relations. NAR Tech Edge, a new one-day technology conference hosted by NAR, will give attendees the chance to learn about cutting edge technologies that are changing the real estate industry.‚Äù

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Affordable housing summit reflects better times for Valley homeownership

‚ÄúThe San Joaquin Valley Housing Collaborative has jump-started discussions about the region’s housing problems after a quiet year of co-sponsoring foreclosure recovery workshops.‚Äù

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