Headlines in Real Estate for week ending June 22nd 2012

Where are all the homes for sale? Foreign buyers ramp up and forecasts of a housing recovery. Here are the real estate headlines you may have missed:

Taking advantage of low rates (via The New York Times)
Mortgage rates continue to set new record lows, leaving many home buyers and refinancers wondering how low rates can go and how to capture the best rates now. Read Full Story

Cheap homes lure foreign buyers (via CNNMoney)
Lured by bargain home prices, foreign buyers stepped up their purchases of U.S. homes by 24 percent over the past year, according to the NATIONAL ASSOCIATION OF REALTORS®. Read Full Story

Why aren’t there more homes for sale? (via The Wall Street Journal)
It’s no secret to anyone who has watched the real estate market over the past year that the number of homes for sale has dropped sharply. Read Full Story

UCLA forecasts California housing recovery next year (via The Los Angeles Times)
Despite quickening home sales and rising prices in some parts of California, the state’s housing market won’t begin a full-fledged recovery until next year, economists at UCLA predict. Read Full Story

Foreclosures spike 9 percent in May (via CNNMoney)
Foreclosure filings in May spiked 9 percent compared with a month earlier, according to RealtyTrac. Read Full Story

Americans see biggest home equity jump in 60 years (via Bloomberg News)
Home equity in the first quarter rose to $6.7 trillion, the highest level since 2008, as homeowners taking advantage of record-low borrowing costs to refinance their loans brought cash to the table to pay down principal.  The 7.3 percent gain was the biggest jump in more than 60 years, according to an analysis by Bloomberg of Federal Reserve data. Read Full Story

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About Daniel Di Matteo

Realtor at CENTURY 21 Award, Daniel was Voted U-T San Diego’s Best Real Estate Agent in 2014. A Husband, Father, and most recently, accomplished Blog writer, which explains your visit today.