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Negative Equity Remains A Drag On Housing Market
latimes.com 6 days, 3 hours agoNearly 1 in 3 homeowners with a mortgage in L.A. County owes more than the property is worth, new data show. These underwater loans hinder mobility and hurt prices because they tend to stymie the important move-up market.Even as a tentative housing recovery in the Southland appears underway, a big stumbling block remains: the vast number of underwater homeowners.
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Homeowners Personalize Their Home Rather Than Move - NARI NYC LI Reveals New Trend During National Home Improvement Month
pr.com 2 weeks, 3 days agoIn honor of National Home Improvement Month this May, the NYC LI Chapter of the National Association of the Remodeling Industry (NARI) reveals that homeowners are personalizing their space during a remodel as the tough housing market forces more people to stay, rather than move. According to a poll on NARI.org, 26 percent of respondents are planning to stay an additional 16 to 20 years in their homes because their home [PR.com]


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