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Home price gains bring sellers off the sidelines

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That’s up from November’s 5.5 per cent gain over the previous November. Rising home prices can fuel the housing recovery by encouraging people to buy before prices increase further. They can also.

SAN DIEGO (AP) — Robert and Emerald Oravec were itching to sell their condominium late last year to move closer to a favorite surfing spot, but they were stuck. They owed the bank $194,000 and.

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Aside from possible capital gains levies, home sellers. meant to bring balance and harmony with the natural world indoors isn’t just about properly aligning energy – or chi – but it can ensure.

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SAN DIEGO-Robert and Emerald Oravec were itching to sell their condominium late last year to move closer to a favorite surfing spot, but they were stuck. They owed the bank $194,000 and figured.

SAN DIEGO (AP) – Robert and Emerald Oravec were itching to sell their condominium late last year to move closer to a favorite surfing spot, but they were

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Soaring home prices bring sellers off the sidelines Share this: Click to share on Facebook (Opens in new window) Click to share on Twitter (Opens in new window). gains spread across the country.

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The region’s median home sale price hit $406,500 in May, up 21.3 percent from a year earlier amid brisk sales, according to DataQuick. Housing inventories remain unusually low.

"Prices are going up so fast that I don’t know if I can," she said. The huge price increases produced an unexpected retirement gift for Larry and Diane Plaster, who were resigned in January to selling their San Diego home for less than they owed the bank, known as a short sale. They owed $352,000 but accepted an offer for $290,000.

"It was better to be patient and wait it out." Soaring prices are leaving fewer homeowners owing more money than their properties are worth, bringing them off the sidelines of the nation’s surging housing market and offering relief to buyers who are frustrated by bidding wars. As more homes are put up