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Homes “Seriously Underwater” Down in Second Quarter

Homes “Seriously Underwater” Down in Second Quarter

In a positive sign for the housing market, RealtyTrac reported Thursday a decrease nationwide in homes that were classified as “seriously underwater”, down to 9.1 million homes in the second quarter of 2014, representing 17.2 percent of all homes nationwide. The number is a decrease from the 17.4 percent of underwater homes recorded in the first quarter

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CoreLogic: Student Loans Not Depressing Home Ownership

CoreLogic: Student Loans Not Depressing Home Ownership

One of the pet reasons for explaining the lack of demand for houses among millennials is the presence of ever-escalating student loan debts. The thinking goes that college graduates are so mired in debt that they either cannot afford to buy or are too afraid to run up more debt, and so they stay living with their parents or find cheap places to rent.

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Existing Home Sales Reach Highest Peak in 8 Months

Existing Home Sales Reach Highest Peak in 8 Months

Existing-home sales in June touched their highest level so far this year as the supply of available homes for sale continued to improve. The National Association of Realtors (NAR) reported a 2.6 percent month-over-month rise in existing-home sales last month to a seasonally adjusted annual rate of 5.04 million. May sales were revised slightly upward to a rate of 4.91 million.

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Texas Job Growth Slows

Texas Job Growth Slows

The old adage “everything’s bigger in Texas” really does ring true sometimes. The nation’s second most populous state leads the nation in job growth and is consistently ranked as the one of the best climates for business in the United States.

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Minnesota Economy Strong, Housing Lags Behind

Minnesota Economy Strong, Housing Lags Behind

Minnesota is generally a very consistent performer in the economy when compared to the United States Economy as a whole. The peaks are never too high and the valleys are never too low. On Friday Wells Fargo released its July 2014 economic outlook reinforcing that the state economy is greatly improved but housing still lags behind.

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