WASHINGTON (AP) - The average rate on the 30-year fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. Even with the cheapest rates in history, the housing market remains depressed.
DEAR BENNY: We have been renting a house with an option to buy for two years now. We recently learned from mail the bank has sent that the property was listed for foreclosure. (No, we have not opened the letters addressed to the owners, but they are from the bank that holds the mortgage and they have been coming every two weeks addressed to both lien holders.) We also received a letter from an attorney indicating that the property was listed for foreclosure.
As you anticipate what exciting things this year will bring, you might notice your home decor has been left behind. Fortunately, you can easily beautify and modernize your home using hints from design experts on the hottest color trends. Don't worry that you'll need to break the bank - simply updating the shades of your walls can create the feel of an entire new home without the cost of buying one. And you'll enjoy starting the year in fresh, contemporary surroundings.
DEAR BENNY: I am selling my house and received two offers on the same day: The first offer came in first thing in the morning, and I made a counteroffer. Several hours later there was another offer. My agent informed both buyers' agents of the competing offers and shortly after was informed by buyer's agent No. 1 that his clients had accepted the counteroffer. I rejected offer No. 2, as required, and started packing.
LOS ANGELES (AP) - Foreclosures made up a smaller slice of all U.S. homes sold in last year's third quarter, as banks delayed placing properties for sale and home sales slowed.
WASHINGTON (AP) - The average rate on the 30-year fixed mortgage rose this week for the first time this month, though it remained below 4 percent for the eighth straight week.
WASHINGTON (AP) - President Barack Obama is proposing a program to allow homeowners with privately held mortgages to refinance at lower interest rates.
While the bathroom may be one of the smallest rooms in the home, it is also the area where we store a multitude of items, from cosmetics to cleaners, laundry to linens. With this in mind, it's easy for your bath to feel more like crowded, cluttered chaos than the spa sanctuary we long for it to be.
LEHIGH ACRES, Fla. (AP) - At Our Daily Bread Food Pantry, the conversation often centers on real estate. Once taboo details - home values and what people paid for their properties - are casually discussed, and there appears to be little shame in walking away from a mortgage or fighting the bank on a foreclosure.
Home sweet home. With more homeowners deciding to stay put in their homes, rather than attempting to sell in the current market, that old adage is more meaningful than ever.
To get a jump on the upcoming spring selling season, Woodside Homes has started a "40 Homes in 40 Days" sales event at communities throughout the Sacramento and Modesto regions. With a lofty goal of selling 40 homes in 40 days or less, the sales teams at all Woodside Homes communities are receiving daily updates and the authorization to do whatever they can to help homebuyers purchase a new home now.
A significant shift in consumer preference in new home purchases is the latest by-product of the still-struggling economy. The residential construction market is shrinking and so are houses.
WASHINGTON (AP) - A $25 billion settlement between the nation's major banks and U.S. states over deceptive foreclosure practices during the housing crisis is nearing completion.
Everyone loves granite for kitchen and bath countertops, but many homeowners find this option for adding value to their home, too pricey. When considering a kitchen update I found that granite typically costs $50 to $100 per square foot (including installation).
NEW YORK (AP) - Wells Fargo reported gains in its mortgage business for the fourth quarter on Tuesday.
Homes that qualify for FHA mortgages are in high demand.
Mid-century modern inspiration draws from the 1940s through the 1960s, a twenty-year span when design was sleek, elegant and functional. Although the style originated more than 70 years ago, this trend has resurfaced with a fresh revival.
Efficiency is the name of the game these days. At the office it comes into play in processing work quickly and at a lower cost. At home, efficiency means being able to get the household and landscaping chores done so you can spend time with the family.
When choosing a focal point for a room, designers and homeowners alike often plan for a single feature - windows, TVs, artwork, or fireplaces - to take center stage. However, the explosion of flat screen TVs for every room in the home has created a debate - can you really have more than one focal point?
You've probably heard the saying: "Your home is your castle." But if your current home - or the home you're thinking of buying -feels more like the servant's quarters than the royal palace, you may need to plan a renovation. At times like these it's easy to give in to your excitement and get the project moving forward, but take a moment to plan your overall strategy. You'll find that, much like your future castle, your renovation project will benefit from a solid foundation.
WASHINGTON (AP) - Average U.S. long-term mortgage rates were stable to slightly higher this week, remaining near their lows for the year.
LOS ANGELES (AP) - The rebound in U.S. home values over the past couple of years has placed many homeowners in a better position to sell their home for a profit.
WASHINGTON (AP) - Sales of previously owned homes rose for a third straight month in June, pushing activity to the highest level in eight months and providing evidence that housing is regaining lost momentum.
Ah, the good old days before Proposition 13.
LOS ANGELES (AP) - These homes are set apart by their amenities - for dogs.
Whether you're beautifying your landscape with a lawn mower and hedge trimmer or using a chain saw to clear space for that deck you've always dreamed of, it's important to take proper care when using outdoor power equipment. Safety measures help protect both the equipment and the people using it.
It's the perfect time to think green.
Your kitchen doesn't need a Matterhorn vista to stay on top of the latest "chalet chic" design trend. It's easier than you think to get this style by mixing rustic pieces with modern touches.
Summer is the ideal time to host events at home with family and friends. But is your home ready for summer soirees? The kitchen is the heart of the home and where people naturally congregate, so it's important it showcases your signature style and reflects the relaxed feeling of the summer season.
WASHINGTON (AP) - Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell.