A leading company for economic and financial analysis and forecasting has released a first-quarter 2007 update of its House Prices in America study.
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More people in the state are having trouble paying their Virginia mortgage loans.
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Rates on 30-year mortgage loans, after rising for five consecutive weeks, edged down slightly as investors digested the news suggesting economic problems stemming from the housing market could last longer than hoped.
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It’s not just the 100-degree temps common around this time of year, either.
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Foreclosures increase, builders cut staff, mortgage rates tick higher… so, how is the housing market doing in your neighborhood?
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At least 42 percent of major housing markets are in decline, with some projected to fall by double digits over the next five years.
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Orange County is the sixth riskiest major housing market in the nation.
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Mortgage rates may be rising and defaults on bad credit home loans may be mushrooming, but don’t tell that to Midwestern home builders.
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On recent evenings, Pat Wendelken goes online and peeks at the posted mortgage rates. She winces at what she sees.
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The days of oceanfront property as a good investment might be a thing of the past.
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