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Homebuyers Believe Homes are Overpriced; while Home Sellers Believe Homes are Worth More, Survey Shows

Homebuyers and home sellers have opposing views of for sale homes in the U.S. According to HomeGain’s nationwide third quarter 2012 home values survey, homeowners believe that the homes they are selling are worth a lot more; while homebuyers believe homes are overpriced.

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Shrinking Inventories Result to Multiple-bid Situations

“Nearly every major market has seen double-digit declines in inventories of for-sale listings, making multiple-bid situations common,” this according to Inman News. Inman News added, “While only the lowest-priced properties used to generate bidding wars, now homes in nearly all prices ranges attract multiple offers ….”

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57,000 Completed Foreclosures in the U.S. in August, CoreLogic Reports

CoreLogic, in its National Foreclosure Report, announced that there were 57,000 completed foreclosures in the U.S. in August this year. According to CoreLogic, the total completed foreclosures last August nationwide was down from the 75,000 completed foreclosures in August 2011.

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Foreclosure Flood Concentrated in Specific Cities & Neighborhoods, Pro Teck Reports

Foreclosure flood is concentrated in specific neighborhoods and cities in the U.S., this according to the September home value forecast report of Pro Teck Valuation Services. Pro Teck, said in a statement, “With regard to this foreclosure inventory, there is a misperception that it is a problem for the entire market. In fact, it is

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