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The Office of Federal Housing Enterprise Oversight (OFHEO) today announced it has temporarily increased limits on conforming loans offered by government-sponsored enterprises, Fannie Mae and Freddie Mac, from $417,000 to as high as $729,750 in fourteen counties in California for loans originated between July 1, 2007 and Dec. 31, 2008. Fannie ...
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The Boards of Directors of the Contra Costa and Bay East Associations of REALTORS® have signed Statements of Intent to participate in a statewide Multiple Listing Service (MLS) being created by the California Association of REALTORS®. Both organizations have been working with neighboring MLSs for over three years to expand access to ...
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Although the national foreclosure rate rose 79 percent between December 2006 and December 2007, the rate was still only 1.033 percent of all homes. This is a regional problem, not reflective of the overall real estate market.
MAKING SENSE OF THE STORY FOR CONSUMERS
Foreclosure statistics are rarely presented in context. Because about 30 percent ...
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Housing Inventory Snapshot Febuary 28, 08 Average List PriceMedian List PriceAverage Days On MarketSanta Clara County, CASingle Family under $1M$628,249$605,00077Single Family over $1M$2,083,382$1,500,00072Condo/Townhome under $600K$403,229$399,00076Condo/Townhome over $600K$789,552$719,95059San Mateo County, CASingle Family under ...
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More than half of C.A.R. members have never been through a down cycle, and many find the current housing slump deeply disconcerting.
To navigate this market, it’s helpful to know a little bit about how people behaved during the last market downturn in the early 1990s, and during the recession of 2001. Even REALTORS® who were ...
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To navigate this market, it’s helpful to know a little bit about how people behaved during the last market downturn in the early 1990s, and during the recession of 2001. Even REALTORS® who were working then should tread carefully, though, because much about this cycle is uncharted territory.
“The experience we’re ...
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To navigate this market, it’s helpful to know a little bit about how people behaved during the last market downturn in the early 1990s, and during the recession of 2001. Even REALTORS® who were working then should tread carefully, though, because much about this cycle is uncharted territory.
“The experience we’re ...
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