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Negative Equity Remains A Drag On Housing Market
latimes.com 1 week 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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Washington Metro Area Foreclosures Down 7.9 Percent In April
washingtonpost.com 2 weeks agoNational April foreclosure activity decreased 5 percent from March and was down 14 percent from April 2011, according to a report by RealtyTrac released Thursday. One in every 698 U.S. housing units had a foreclosure filing during the month. Read full article >>










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