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Summer Short Sales Increase

Coming soon to a neighborhood near you: A late-summer wave of short sales, as homeowners, mortgage bankers and potential buyers all race to settlement on bargain-priced homes that are worth less than the mortgages written on them.

Phoenix Bounces Back – Real Estate Recovery Underway

The Phoenix metro housing market is seeing a rise in home prices and a decline in the number of houses on the market, putting the area ahead of most other U.S. cities on the road to recovery, according to real estate experts. Economists say the upward trend in the Phoenix area may serve as a beacon of hope for other cities across the nation that suffered when the housing bubble burst.

How to get a 3% Mortgage

Mortgage rates are at record lows, with 30-year fixed-rate mortgages—the most popular choice among home buyers—averaging in the 3 percent range for the last several weeks.

Good News – Home Prices Increase

Home prices rose in April for the first time in seven months, though they are still near record lows, according to a report out Tuesday.

Average home prices increased 1.3% in April in 20 major markets, according to the S&P/Case-Shiller home price index. This comes after prices hit new post-bubble lows in March.

10 Mistakes Homebuyers Make

Some home buyers fall for common pitfalls when purchasing a home. How can you help make sure your clients don’t fall for one? Credit.com recently featured some of the biggest mistakes home buyers often make. Their list included:

Shadow Inventory Drops to 2008 Lows

Shadow inventory dropped nearly 15 percent year-over-year in April and is at about a four-month supply—reaching its lowest level in nearly three years, real estate data provider CoreLogic reports.

Home Sales Up – Way Up

The housing market surged in April, with home affordability at record levels.

Sales hit 4.62 million homes during the month on an annualized basis, a rise of 3.4% compared with a month earlier and up 10% from April 2011, according to the National Association of Realtors.