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Fannie Mae Announces Deed for Lease Program

WASHINGTON, DC — Fannie Mae (FNM/NYSE) is implementing the Deed for Lease™ Program under which qualifying homeowners facing foreclosure will be able to remain in their homes by signing a lease in connection with the voluntary transfer of the property... (Continue reading)

Home prices across area ending decline, data show

San Diego County’s three-year slide in home prices is ending, neighborhood by neighborhood, according to a quarterly breakdown from MDA DataQuick. Eight out of 56 neighborhoods saw higher prices than a year ago, compared with only one or none in the... (Continue reading)

SoCal home sales up, prices hold steady

Southern California home sales rose unexpectedly last month as price declines moderated, MDA DataQuick reported Tuesday. There were 21,539 sales in the six-county region, including San Diego, up slightly from August’s 21,502, as low rates, federal tax credits and delayed closings... (Continue reading)

Take steps right now to rebuild your credit

WASHINGTON — The ideal of homeownership may have lost its attraction to the millions of underwater owners who have lost their castles during the housing meltdown. But it is never too soon for folks who have given up their homes... (Continue reading)

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Escondido Chargers?

By Joe Tash Could the “hidden valley” of Escondido have been the number one draft pick of the San Diego Chargers all along? In recent months, the Chargers’ search for a new “San Diego” stadium site has turned northward, following the implosion... (Continue reading)

Federal Index Shows Home Prices Rising

U.S. home prices rose 0.3 percent in July compared to June, the Federal Housing Finance Agency said Tuesday. The index is 4.2 percent below what it was in 2008 and 10.5 percent off its peak in April 2007. The index excludes most... (Continue reading)

More Waiting in Store Before Prices Head Up

Real estate forecasting service Local Market Monitor, which predicts housing market trends for investors and banks, forecasts that housing prices will decline an average of 5 percent through 2010. This prediction includes double-digit decreases in Phoenix, Miami, and Las Vegas. But... (Continue reading)

Don’t be among victims of foreclosure-prevention scams

WASHINGTON – How’s this for a business plan to make money during the housing bust? You buy or rent lists of recent default filings from across the country – thousands of people who have been notified by lenders that if... (Continue reading)

New Home Sales Surge 9.6% in July

New U.S. home sales surged 9.6 percent in July, rising for the fourth straight month and beating expectations as the housing market shows continuing signs of rebounding from its historic downturn. The Commerce Department said Wednesday that sales rose to a... (Continue reading)

Existing-Home Sales Rise 7.2%

WASHINGTON — Existing-home sales rose to their highest level in nearly two years from June to July as cheaper prices and the availability of tax credits continued to entice buyers. Home resales rose more than expected, bouncing 7.2% — the highest... (Continue reading)

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