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  • Pending home sales surge to 10-year high

    Despite tight inventory and affordability concerns, Pending home sales still increased for the third consecutive month in April, surging to the highest level in over a decade. Here's why Lawrence Yun, National Association of Realtors' chief economist, said sales are beating the odds. Click headline to read more.

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Feds may have found mortgage fraud overstated

Over at the Huffington Post they're still talking about rampant foreclosure fraud. But I was always skeptical of claims banks were stealing houses from innocent homeowners. One big problem with that theory: Banks lose money on virtually every house they take back in foreclosure.  And now the federal government seems to agree.

Source: Forbes
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