Are home prices near a bottom?
AP Photo/Jeff Roberson The average sale price of homes rose 4.6 percent in St. Louis city and county last month, but real estate pros aren't ready to call the end of the long downward trend of home prices. The St. Louis Association of Realtors said the …
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Home prices close to bottoming, to rise in 2013
By Lucia Mutikani | WASHINGTON (Reuters) – The relentless decline in home prices is nearing an end and prices should rise for the first time in seven years in 2013, but a possible new wave of foreclosures could threaten the recovery, …
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Home values fall in half of Santa Ana
That's a highlight of what the online real estate tracker saw in Santa Ana for February. Zillow Home Value Index pegged median home values at $ 290700 — that's down 2.2% in a year. Countywide? Down 7.0% in a year. Five-year price change?
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Question by William P: Anyone familiar with financing a home mortgage with “premium pricing”?
I will be closing on a new home in November. Because I will pay off the entire mortgage within 19 months of closing, one mortgage company suggested that we finance the mortgage with “premium pricing” in order to minimize closing costs, etc. I just wondered if this option is available today given the current interest rates and is this a good approach for me to take. Thank you.
Best answer:
Answer by v b
You will have to compare the numbers, but the “premium” is designed to make the lender money even though you plan to pay the loan off quickly and he won’t make any interest income after you do.
According to one web article, lenders generally do not make money on a loan until the second year, which is right when you want to pay of the loan.
http://books.google.com/books?id=4KYEZ1VeBzQC&pg=PA141&lpg=PA141&dq=%22premium+pricing%22+mortgage&source=bl&ots=YW-ChsSU4b&sig=EfeSWjFcE8rI50D6yJWy8n_7I_8&hl=en&ei=u1u4StCLM5Kntgffh8T5Dg&sa=X&oi=book_result&ct=result&resnum=7#v=onepage&q=%22premium%20pricing%22%20mortgage&f=false
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China Home Prices Extend Drops
January 5 — Average home prices in 100 cities in December fell 0.25 percent from November to 8809 yuan per square meter, reports Economic Information, citing the China Real Estate Index System. Average home prices in the 100 cities has now fallen …
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As home sales rise, prices tumble
The Pierce County housing market ended the year on a sour note as median home prices once again fell by a double-digit margin in the year-over-year December period, according to data released Wednesday by the Northwest Multiple Listing Service. …
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