Monthly Archives: July 2008

Schwarzenegger Praises New Federal Loan Guarantees

Sacramento, California – Governor Arnold Schwarzenegger today released the statement below after President Bush signed the Housing and Economic Recovery Act of 2008, which permanently raises federal home loan limits.   Aggressively promoted by the Governor and his Administration, the legislation … Continue reading

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California Home Sales up 18% – 41.9% Foreclosure Resales

Sales of existing homes rose nearly 18 percent across the state last month, a surprising show of strength driven in part by increasing purchases of priced-to-move distressed and foreclosed properties, according to an industry trade group.The number of resale, single-family … Continue reading

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U.S. Senate Passes Mortgage Relief Legislation

Congress completed work Saturday on the government’s most sweeping response yet to the nation’s housing crisis, sending to President Bush a bill designed to help homeowners avoid foreclosure, spur home buying and prop up struggling mortgage giants Fannie Mae and … Continue reading

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Californians Looking to Nevada? 1 in 43 Nevada Households = Foreclosure

IRVINE, Calif., July 25, 2008 /PRNewswire via COMTEX/ —-RealtyTrac(R: 64.12, +0.12, +0.18%) (http://www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its Q2 2008 U.S. Foreclosure Market Report(TM: 91.82, -1.37, -1.47%), which shows foreclosure filings were reported on 739,714 … Continue reading

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California Home Sales Up While Prices Down 3.7%

LOS ANGELES, Jul 25, 2008 (BUSINESS WIRE) — Home sales increased 17.5 percent in June in California compared with the same period a year ago, while the median price of an existing home fell 37.7 percent, the CALIFORNIA ASSOCIATION OF … Continue reading

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