Monthly Archives: July 2011

The industry continues struggling to sell homes

Two of the nation’s largest home builders reported quarterly financial results that were weaker than the year before, showing that the industry continues struggling to sell homes as the housing crisis drags through its fifth year. The pre-market results from … Continue reading

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To help pay for the costs of growth in Raleigh

RALEIGH — To help pay for the costs of growth and to ensure that there will parks and recreation for newcomers, Wake County requires subdivision developers to set aside land for recreational use or to pay a fee in lieu … Continue reading

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Raleigh’s had a housing boom during the last ten years.

Raleigh’s had a housing boom during the last ten years. The 2010 Census data shows the city’s housing units increased an incredible 45.9 percent since 2000. Although today’s nationwide housing market is impacted by foreclosures and a lack of affordable … Continue reading

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Cash buyers are being seen more frequently

Cash buyers are being seen more frequently as investors snap up properties at lower rates, according to several Raleigh realtors, but for those with more modest means other options exist. If you make less than 50 percent of the Area … Continue reading

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The new Census shows the number of vacant homes rose

Vacant Housing The new Census shows the number of vacant homes rose from 6.7 percent to 7.5 percent, compared to a national average of 11.4 percent. Part of the vacancy can be attributed to foreclosures, although foreclosures on homes in … Continue reading

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“Problems are the price of progress.”–Charles F. Kettering, American inventor

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Better News

After weeks of coming in higher than expected, initial jobless claims settled back to more recovery like levels last week, and payroll processor ADP reported a net gain of 157,000 jobs in the private sector, the only place job growth really … Continue reading

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Changes Won’t Put Crimp in FHA’s Task?

Lowering the Federal Housing Administration’s current loan limits will not prevent the agency from helping to provide home financing to first-time and low- to moderate-income borrowers, according to a study just released by George Washington University. The report finds that … Continue reading

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OBAMA NOW SAYS YOU MAY NOT HAVE TO PAY YOUR MORTGAGE FOR A FULL YEAR

The Obama administration is making it easier for out-of-work homeowners to stay in their homes, as it tries to revamp its troubled foreclosure-prevention program. Starting Aug. 1, the Federal Housing Administration will extend the period for unemployed homeowners to miss … Continue reading

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New-home sales down 26 percent in DFW

New-home sales in Dallas-Fort Worth continue to decline, according to the latest quarterly market report from Metrostudy, released Wednesday. Builders closed sales on 3,505 new homes from April to June, 26 percent less than the second quarter of 2010, when … Continue reading

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