Senate approves short sale tax break

Senate approves short sale tax break

Allows tax relief on 2014 short sales

Another regulator investigates Ocwen Financial

Ocwen’s terrible, horrible, no good, very bad year just got worse

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Analysts: Price appreciation is here for the long haul

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Keefe, Bruyette & Woods (KBW) analysts remain bullish on housing even if the recovery is investor-fueled.

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Seasonally adjusted prices for the 10-city and 20-city S&P/Case Shiller home price indices rose 7.3% and 8.1% year-over-year, respectively, in January.

Lower-tier homes seem to be rising the most, up an average 2.1% month-over-month and 16.5% year-over-year, S&P revealed in its Case-Shiller data. Conversely, higher tier homes rose 0.9% month-over-month from December to January and 7.6% year-over-year, the same report said.

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In the graph below, provided by FNC, Mayer notes ()

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mhopkins@housingwire.com

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