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Foreclosure activity plummets in November

Foreclosures were down sharply in November, both compared to the previous month and November 2009, according to RealtyTrac.

Real estate stocks outperform general market

For the second straight year, real-estate stocks will end the year with gains twice as high as the general stock market, The Wall Street Journal reported.

WSJ: 4 Issues to Watch in 2011

By now, most don’t expect 2011 to be a recovery year. Housing prices are expected to fall at least 5%, and The Wall Street Journal listed four key issues to pay attention to as the new year rolls around.

Business Management

Special report: Finishing partially completed homes—risks vs. rewards

The key to making money on partially completed projects is thorough due diligence and an incredibly clear understanding of the liability issues. Here's what you need to know 

NAHB study: Small builders rule the housing market

Small home builders are the mainstay of the nation’s housing industry, including a sizable number of self-employed mom-and-pop operations, according to a new study by NAHB economists. Slightly more than 65 percent of all home building establishments had annual receipts below $1 million.

Mortgage rates continue to climb

Mortgage rates rose again last week, hitting their highest level since July, according to The Wall Street Journal.

Housing starts up 3.9 percent in November to 555,000 annual units

Privately-owned housing starts in November were at a seasonally adjusted annual rate of 555,000 — 3.9 percent above the revised October estimate, according to the Commerce Dept. The single-family market fared even better, rising 6.9 percent last month.

Report: Foreclosed homes selling at 32 percent discount

Foreclosed homes have been selling at a substantial discount, averaging 32 percent less than homes not in foreclosure in the third quarter. In Ohio, that gap was even larger, where foreclosures were 45 percent below non-foreclosure sales.

Fed Governor: Standards needed for mortgage servicers

The mess of foreclosure documentation over the past few months has underscored the need for national standards for the mortgage industry, Federal Governor Daniel Tarullo said at a Senate Banking Committee hearing.

Mortgage rates rise for third week

Rates on fixed-rate home mortgages rose for the third straight week after economic data suggested the economy is getting stronger, The Wall Street Journal reported.

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