According to TransUnion in a report issued Tuesday, mortgage delinquencies fell during the 2nd quarter of 2010.  This was the second period in a row since 2006 that the number of home owners 60 days  delinquent  on their mortgages had declined.  Also 90 and 120 day mortgage delinquencies also slowed.    This is a sign that the housing and credit markets are stabilizing.

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www.paulcantor.info

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The worst is over for the housing market according to a Reuter’s article.  It predicts no double dip for housing prices in major US Markets.   A slight increase in values is predicted.  Don’t get the champagne out, unemployment is high, lenders have tightened up guidelines and there is a lot of supply on the market;  it will take some time before we see soaring prices.

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www.PaulCantor.info

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3 cheap ways to make your old kitchen feel new.

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via Richmond-area home sales jump 23% in 2nd quarter | Richmond Times-Dispatch.

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Low mortgage rates and the financial reform act mean that now is the time to buy a home.

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Mortgage rates drop to new low of 4.57 percent | Richmond Times-Dispatch.

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