Archive for August, 2011
'Jumbo' limits set to drop, making larger loans more costly
If you are shopping for a home in a high-cost area or plan to refinance a large home loan, hurry up and close the deal soon. In October, large loans, so called “jumbo” mortgages, could cost you an extra 1 [...]
It’s housing, stupid
Focus like a laser beam on housing. Just writing down all of California's underwater mortgages to market value would pump more than $20 billion into the state, create more
Hurricane Katrina-spawned free flood clean-up manual now valuable for Hurricane Irene victims
When floods from one of the nation's worst natural disasters subsided, agencies got to work producing a guide to help clean up water-logged homes and prepare them for
Condos that come with $1,500 in paid dues
In another effort to unload government-owned homes, Freddie Mac is offering to pay $1,500 worth of homeowner association dues for qualified condo buyers who buy Freddie Mac homes. The
Underwater? Walking away from your mortgage could really sink you
Home owners who are "underwater" with their home loan and seek to come up for air by walking away from the debt, could still be gasping for relief
Mrs. Butterworth: The Movie
This summer has premiered a host of super hero movies, Thor, Captain America and more, but you haven't seen anything yet. The only thing thicker than blood is
Anne Hathaway rap busts stalking paparazzi
Sick of photo ambushes during her work in the upcoming Batman movie, Anne Hathaway busts a rhyme to trash the paparazzi. Photo by Christopher Peterson: Actor Anne Hathaway
How to keep Irene out of your house
Big, blustery Hurricane Irene is barreling up the East Coast and she's got her eye on your home. And when she sits around your house, she sits around your
Freddie Mac condos come with $1,500 in paid HOA dues
In another effort to unload government-owned homes, Freddie Mac is offering to pay $1,500 worth of homeowner association dues for qualified condo buyers who buy Freddie Mac homes. The
How to gauge your housing market's recovery and cash in
Real estate is local, but there is some common ground to cover when looking for signs of recovery, according to Greg Rand, author of "Crash Boom" (Career Press,
Home ownership beats renting, if you can get a loan in today's market
A new report says the cost of home ownership is a better deal than renting in three out of four U.S. cities. It assumes buying a home is easier
Buyers paying a premium for solar homes
A residential solar panel system can literally pay for itself, not from reduced utility bills, but from its selling price. Home buyers bent on reducing their carbon footprint
The end is near for housing slump
Don’t expect a sonic boom, but the housing market is poised to turn around next year and much of the nation should be in full-fledged recovery by 2013. The
Mortgage rates lowest in more than 50 years
Mortgage interest rates dropped to their lowest level in more than 50 years as 30-year, conforming, fixed-rate mortgages (FRMs) sank to an average 4.15 percent for the week
Uncle Sam needs you to help unload 250,000 distressed properties
Federal agencies are scrambling to come up with ways to get rid of 250,000 properties in various stages of distress and are leaning heavily toward making many of
Best back-to-school real estate investment cities
The cost of education comes with the cost of student housing, but savvy investors can make a real killing on investment properties in the right college towns these
California short sale snafus worsen
The short sale system in California isn't just broken, it's getting worse. Unfortunately, that means home owners who were looking for the short sale alternative to foreclosure could be
Expect fallout from a strategic default
When you decide to quit making mortgage payments and walk away from home ownership, you are taking a walk down a slippery path. It's a path to a
Don't try these home improvements at homes for sale
From building-in more curb appeal to installing more square footage, home improvements can help improve your home's value. Improved value can allow you to bump up the selling price
Price, package, patience keys for selling in today’s market
If you aren't willing to price your home to compete with distressed properties and package it to look like a good flip, you may be better off being






















