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Las Vegas Underwater
Las Vegas may be in the middle of a desert, but right now it’s underwater. Fully two-thirds of the once fast-growing city’s housing stock is underwater, meaning that the owners owe more on their...
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Home Sales, Values on the Rise; Consumer Confidence Down
Sales of new and existing homes rose in June for the third straight month, due primarily to low prices and attractive mortgage rates. Home sales also rose 11 percent over the previous month. The...
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Federal Mortgage Modification Program Hits Target
The federal government’s program to help homeowners facing foreclosure has reached its target of 500,000 mortgage modifications by November 1. “There is a lot of work left to do,” said Shaun Donovan,...
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