RISMEDIA, February 18, 2010—(MCT)—Experts fear a new wave of foreclosures will hit this year as prolonged unemployment makes it difficult for millions of homeowners to pay their mortgages—and many of them aren’t likely to get much help from a federal program aimed at keeping them in their houses.
Banks participating in the Home Affordable Mortgage Program, announced a year ...
Lots of signs point to a recovery in the construction industry. With help from a federal tax break, both Lennar Corp. and KB Home posted fourth-quarter profits – the first time since 2007 that either has been in the black.KB Home CEO Jeffrey Mezger said in a statement: "There are indications that housing market conditions may be stabilizing in some regions, reflecting, among other things, relatively ...
A recent report from the Pew Research Center found that older adults feel younger out west. Fully 78% of adults ages 65 and older who live in the West say they don’t feel old, compared with 67% of older adults who live in the rest of the country. Not that we’re tooting our own horn out here, but we're not surprised by the numbers.If you are debating where your next move will be, take ...
With the $8,000 homebuyer tax credit due to expire in little more than a month, the Congress is looking into the possibility of extending it for another six months and perhaps even expanding the program's reach.
On Tuesday the Senate Banking Committee held a hearing on the State of the Nation's Housing Market. Committee Chairman Chris Dodd (D-CT) called for an extension of the homebuyer tax ...
NEW YORK (CNNMoney.com) -- National home prices may be on the road to recovery.
After three years of declines, home prices increased 2.9% in the three months ended June 30, according to the latest S&P/Case-Shiller report. That is the first quarter-over-quarter improvement in three years.
Prices in the national index are down 14.9% compared with the second quarter of 2008, the report said. ...
Index of 20 major cities rises on a monthly basis for the first time since July 2006, hinting that the worst of the declines may be over.
NEW YORK (CNNMoney.com) -- The value of U.S. homes grew on a monthly basis in May for the first time in nearly three years, according to 20-city index released Tuesday.
The month-over-month increase was 0.5%, according to the report from financial data company ...
Investor Report: Energy Efficiency by Kenneth R. Harney
For real estate investors buying houses at discount prices, it could be a hot new trend. Instead of simply doing the usual renovations, paint jobs and landscaping to turn around properties for resale or rental, growing numbers of investors are emphasizing energy efficiency improvements to increase market values and cut marketing times.
In ...
On a more personal note...
I just finished another invigorating jog out on the trails and felt compelled to write a few words about the wonderful climate we enjoy here in Albuquerque. How many places are there to live where you rarely experience weather extremes? I have lived all over the country and can attest to having experienced some pretty wild and/or uncomfortable weather; i.e. hurricanes, ...
WASHINGTON, June 03, 2009
A secondary mortgage market model that includes some level of government participation is necessary to ensure affordable and available home mortgages. That is the message the National Association of Realtors® delivered during a House Financial Services Subcommittee hearing today.
"Fannie Mae and Freddie Mac serve an important role in expanding homeownership and providing ...
You may not be quite ready to accept the idea that housing on a national basis has moved beyond bottoming out and is now in slow recovery mode.
But think about this: Even if you're bearish on the market, you've got to notice that some extraordinarily positive signs are popping up that point to recovery.
New mortgage applications last week for home purchases and refinancings were up 77 percent ...
