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L.A.-O.C. housing market is least affordable in U.S., Zillow says

Los Angeles and Orange counties are the least-affordable housing market in the country. And it’s likely to only get worse. That’s according to new figures due out Thursday from real estate website Zillow, which found that renters here need to pay more of their income to afford a place to live than anywhere else in […]

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Short sales in California surpass sales of foreclosed homes

When housing prices first went off the cliff, most mortgage lenders refused to cut deals with homeowners, choosing instead to repossess homes on a grand scale. Five years and billions of dollars in losses later, many banks can’t cut those deals fast enough, writing off large chunks of mortgage debt and even paying homeowners to […]

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Tight inventory driving higher prices

Sales of previously owned homes fell slightly in December from the previous month, an industry group said, but the national median home price rose the most in seven years. Sales fell 1.0% from November and were up 12.8% from December 2011, the National Assn. of Realtors said. In total, the group estimated that 4.65 million […]

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Crunching the numbers on competing purchase offers. Don’t assume higher bid is better.

Sellers are inclined to go with the highest-priced offer when they receive more than one. But, price is only one factor to consider. An offer with a lower purchase price but a large down payment and a quicker close could be best. The terms of a purchase offer can make or break a deal, particularly […]

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FICO to release new “Mortgage Score”

FICO and CoreLogic Announce Availability of More Predictive Mortgage Credit Score Designed to Enable Growth in Mortgage Lending Market Innovative predictive score can help lenders safely grow mortgage origination volumes SANTA ANA, CA—July 10, 2012—CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, and FICO (NYSE: FICO), the leading provider of predictive […]

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Recent Events

Rising new home sales point to a strengthening housing market May sales of new single-family houses reached the highest level since April 2010, adding to evidence that the industry is no longer a drag on the broader U.S. recovery. By Alejandro Lazo and Tiffany Hsu, Los Angeles Times June 25, 2012, 5:52 p.m. Sales of newly […]

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