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Today's Real Estate News - Saturday, July 04

Foreclosure is a problem for celebrities too

It seems like just yesterday — excess was in and celebrities lived it up, buying lavish cars, expensive toys and over-the-top homes. Now, they're losing it like everyone else.

Mortage rates fall slightly, but still above record

Rates for 30-year home loans inched downward this week, but still remain above record lows posted during the spring, Freddie Mac said Thursday.

Pending home sales climb in May

Pending home sales rose in May for the fourth straight month, fresh evidence that the housing sector may be recovering, a private group says.

Foreclosure help available to more homeowners

The Obama administration is expanding a program to stave off foreclosure for borrowers who owe more than their homes are worth.

Mortgage applications decline

U.S. mortgage applications plunged to a seven-month low last week as demand for home refinancing loans tumbled 30 percent, data from an industry group showed on Wednesday.

Home prices fall, but trend is easing

There is a clear trend home prices declines are moderating — another sign the beleaguered housing market is stabilizing, according to data released Tuesday.

Reclaiming blighted neighborhoods

Grassroots strategies to reclaim distressed neighborhoods are taking hold in cities across the country, including Cleveland, Philadelphia, Pittsburgh and Detroit.