FHFA announces 2016 conforming loan limits

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

Game changer? Quicken Loans takes mortgage lending fully digital

Launches Rocket Mortgage

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google

Detroit home sales up 2.2% in 2011

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Home and condo sales for metropolitan Detroit inched up 2.2% in 2011 as the second half made up for a slow first six months, according to local multiple listing service Realcomp. Sales last year rose by about 1,000 to a total of 51,531 homes and condos over 2010 figures. The city of Detroit, however, saw home sales decline 8.4% to 6,457 in 2011. The average median sales price for metro Detroit also dipped, nearly $1,000 to $66,896, from the year prior as prices ticked up 0.6% to $9,568 in the city of Detroit. After a slow start, the last six months of 2011 outpaced year-over-year sales, including December, when transactions in metro Detroit increased 5.6% from December 2010. On-market inventory for the metro plummeted 22.5% in December from 2010 figures to a total of 18,875 homes and condos. Write to Andrew Scoggin. Follow him on Twitter @ascoggin.

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