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LOS ANGELES - The CEOs of some of the nation's biggest homebuilding companies said Thursday that they feel the housing market has stabilized.
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WASHINGTON - The average rate on the 30-year fixed mortgage fell this week to a record low, the ninth time that has happened in the last year.
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WASHINGTON - The number of people seeking unemployment benefits fell last week to a level that signaled a steadily improving job market.
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The year as a whole, however, was down 2% from 2010.
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As foreclosures heat up again, prices in hard-hit cities such as Atlanta and Chicago are taking a hit.
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Median asking rent prices spiked at the end of 2011 to a median of more than $700 a month, Census figures show.
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Based on analysis of housing, economic, and demographic data for metro areas nationwide, these markets are showing signs of strength in several key metrics.
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Jan. 31--After holding steady during most of 2011, single-family house prices in the city fell 2.4 percent in the fourth quarter, an analysis by economist Kevin Gillen shows.
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The year closed on a low note with sales reporting a 2.2% decline in December.
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WASHINGTON - The average rate on the 30-year fixed mortgage rose this week for the first time this month, though it remained below 4 percent for the eighth straight week.
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After a strong showing in previous months, contract signings were down 3.5%.
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The oil-rich West South Central division outperformed the rest of the country on both a monthly and yearly basis.
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Jan. 24--BOSTON -- Home sales in Massachusetts in 2011 hit their lowest levels since 1990, despite low interest rates and "soft" median sales prices that dropped 3 percent last year, real estate market analysts reported Tuesday.
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Jan. 24--Pittsburgh-area homebuyers have paid steadily higher prices for their slice of the American dream over the past decade, while the overall number of home sales continues to decline in the region.
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With a total of 4.26 million homes sold last year, sales were 1.7% higher than 2010.
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Last year set quite a few records for the home building industry—just not the kind anyone wants to celebrate.
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While the Housing Market Index remains low by historical standards, the monthly improvement brought it to the highest level seen in more than four years.
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Last year’s rate of filings was down 34% from 2010.
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Jan. 11--The Baltimore region's housing market posted the fourth straight year of average price declines in 2011 as the number of home sales hit a low not seen in at least a decade and a half.