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Beats Foreclosure, Tho
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In Southern California and across America, something odd is happening to the real estate market: People are staying in their homes. Why? Because it's hard to find a new home, mortgage rates may rise, there might be tax implications, lots of reasons. And here's how it's good and bad: It's bad for people who need a new home, because too few are on the marker. It's good for home values if you already own, because the narrow inventory means your price is rising. If you can find a buyer, that is. (Orange County Register)
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