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Daily Real Estate NewsA daily compilation of top real estate headlines from around the country.Bernanke Defends Keeping Rates Low for 3 More Years Some lawmakers questioned Thursday the Federal Reserve's move to keep interest rates low until 2014, saying it brings a risk of higher inflation and stymies economic growth. Did Builders Overbuild Oversized Houses? Too many big houses are occupying the country's landscape as more consumers shift their preferences toward condos, apartments, and smaller homes, planners said at a smart growth conference this week. Fannie Mae Gains More Short-Sale Authority Several mortgage insurers have removed another barrier in short sales that could speed approval of short sales on Fannie-backed loans. Mortgage Rates Hit New Lows Again Mortgage rates once again inched lower this week, lowering the cost of borrowing and increasing housing affordability. Study Reveals Main Culprit Behind Falling Home Values Home prices nationwide dropped nearly 5 percent last year, but if you exclude distressed sales, prices dropped only by 0.9 percent, a new study from CoreLogic finds. What Customer Service Means Today What does it mean to provide excellent customer service in the age of Apple and Amazon? |