A spate of new economic reports shows that a speedier recovery of the housing market does not appear in the cards this year. Housing experts are dialing back rosier projections in favor of another ho-hum year, where home sales are flat and prices climb to make ownership less affordable.

Foreclosures in the first three months of this year were 36 percent below last year’s levels and well below long-term averages.
GU124SUUO.4Photographer
Foes and fans of McKinley Village gathered at dueling meetings Monday intended to firm up support for their sides and perhaps sway a few votes on the Sacramento City Council, which is scheduled to vote on the plan next week.
GFM240OQ3.3Staff Photographer
Home sales in the Sacramento region were stuck in an odd rut in March, traditionally the start of the spring homebuying season. Even though prices rebounded to healthy levels not seen since before last decade’s housing boom and bust, the supply of homes on the market remained anemic.
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The number of homes sold in Sacramento County in March dropped to the lowest level for the month in six years, DataQuick reported Wednesday.

QUESTION: I recently discovered that the second mortgage I have had for nine years was simple interest, which explains why I have made barely a dent in paying down the balance.



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