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Improving Markets Index Shows Volatility in June: NAHB

After reaching 100 in May, the list of metropolitan areas with improving housing markets fell to 89 in June, according to the National Association of Home Builders/First American Improving Market Index. While the number of metros on the index dropped, a closer look shows high volatility, not a straightforward decline in improving markets. About half of last month's improving markets ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô 52 metros ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô maintained their improving status in June. The other 48 metros listed as improving markets in May fell off the list.

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A New Reason to Love La Quinta?

Boasting 40 acres of land, full equestrian facilities, and six guest houses, the La Quinta, California, estate once belonging to Merv Griffin is now on the market for $9.5 million.

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Housing Market Recovery ‘In Full Swing’: RE/MAX

The national housing market recovery is ├â┬ó├óÔÇÜ┬¼├àÔÇ£in full swing,├â┬ó├óÔÇÜ┬¼├é┬Ø according to the June edition of RE/MAX├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós National Housing Report. The report, released Monday, revealed that May saw increases in both home sales and house median home price for 42 of the 53 surveyed metropolitan markets. For the fourth consecutive month, the RE/MAX report found an overall increase in median home price across the country. In May, the national median home price was $166,500, a 6.1 percent increase year-over-year, RE/MAX said.

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Housing Permits Soar Highest Since September 2008

Housing permits soared in May to their highest level since September 2008, surging 7.9 percent to 780,000, the Census Bureau and HUD reported jointly Tuesday, but housing starts dropped 4.8 percent to 708,000 giving back all of April's gains. At the same time, permits for April were revised upward to 723,000 from the originally reported 715,000. April housing starts were also revised to 744,000, up from the originally reported 717,000 percent drop. Surveyed economists expected increases in both areas.

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CoreLogic Names Three Candidates for Directorship

California-based CoreLogic will move forward with nominating three new board members to bolster its company directorship. The appointment of new board candidates follows CoreLogic's spring announcement that it would seek new members, and the company has selected Douglas C. Dorman, and Jaynie Miller Studenmund to stand for election.

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Builder Confidence at Five-Year High in June: NAHB

Builder confidence rose one point in in June to 29, its highest level since May 2007, the National Association of Home Builders reported Monday. The index for May, originally reported as 29 was revised down to 28. Economists had expected the index to be flat to the original report for May. The total index in June was up 16 points from June 2011, the strongest year-over-year gain since December 1998. The index has improved year-over-year for 12 straight months as it did from July 2009 through June 2010 before going into a five month swoon.

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Commercial Real Estate Expert Named Avison Young Principal

Canadian-based commercial real estate company Avison Young is bolstering leadership in the company's New York office. Finance expert David Eyzenberg has been added as a principal for Avison Young, and he will focus on raising capital and providing investment banking services for the company's clients.

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