Foreclosures Rise from 6yr Low
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Foreclosures Are Up

Foreclosure activity accelerated in July rising off of the 78 month low it reached in June, RealtyTrac said today. There were 130,888 foreclosure filings – including default notices, scheduled auctions, and bank repossessions – in June, the Irvine, California company reported, a 2 percent increase from the previous month but a level 32 percent below that in July 2012. One in every 1.


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Southland prices flat in July
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Southland Homes Prices

[dropcap style=”1″ size=”3″]S[/dropcap]outhern California home prices are the same in July from June as more houses went on sale and interest rates rose.The median sales price in the six-county region was $385,000 last month, unchanged from June, DataQuick said Wednesday.


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Affordability drops again
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Housing Affordability Drops

The affordability of California homes is dropping rapidly as prices continue to soar and now higher interest rates are compounding the problem.
The California Association of Realtors® (C.A.R.) reported today that its Home Affordability Index (HAI) dropped 8 percentage points from the first quarter of 2013 to the second.


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