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2/1 duplex, northeast
6302 B Betty Cook,cute duplex with vinyl plank flooring, very affordable $750 rent ,coming soon |
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New mortgage affordability rules offer hope
The Consumer Finance Protection Bureau has done a creditable job in an incredibly difficult situation regarding its new rules. The rules cover a lot of territory, but those pertaining to borrower affordability probably have attracted the most attention.
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Six tips for buying a fixer-upper
Several years ago, when the housing market was mired in the worst recession since the Great Depression, buyers shied away from houses that needed work. The buyers who weren't put off from buying completely were interested only in turnkey homes that were in move-in condition.
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Closing delays costly when buying new home
Q: I have signed a contract to purchase a newly built home. The homes have been on the market for 420 days. My lender is having issues meeting the closing date agreed upon, and now the builder is charging me $300 per day for each day closing is delayed. Do I have any legal recourse to back out of the purchase?
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Fannie Mae: Housing is “on a sustained growth path”
While impending fiscal cuts at the federal level will likely put a damper on economic growth in the first half of this year, home-price growth and an increase in homebuilding suggest housing is "on a sustained growth path," according to a monthly economic outlook released by Fannie Mae's Economic & Strategic Research Group.
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Real estate is still local -- and cyclical
Homes prices were up nationally in 2012 from a year ago. According to the S&P/Case-Shiller Home Price Indices, home prices continued to rise in the third quarter of 2012, marking six months in a row of increases.
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