WASHINGTON (AP) - Average rates on fixed mortgages rose this week, the first increase in seven weeks. But mortgage rates remain near historic lows, boosting prospects for home sales this year.
DEAR BENNY: We own a small single-family home (800 square feet) located on the property adjacent to our primary home. We purchased it using a Starker exchange about 15 years ago. We stopped renting it out eight years ago, when the mortgage was paid off. We now use it as an extension of our primary home, with the living room as a game room, garage and basement as storage, one bedroom as an office, and the other as a guest bedroom.
When school lets out for summer, exchange those flip flops for gardening shoes. Add a pair of gloves, good sun-block and get out into the garden.
It goes without saying that the kitchen is one of the hardest-working rooms in the home. For most, it's the heart of family life and usually the one room where everyone gathers together. With so much hustle and bustle, it's no wonder that the kitchen runs the risk of looking overworked.
It's moving season. In a buyer-friendly market, home shoppers can be pretty particular in their search for a dream home. Increasingly, buyers are seeking flawless, move-in ready homes, and while traditional home inspections are a must-have, something equally important lurking beneath homes often goes overlooked.
LOS ANGELES (AP) - Lenders initiated foreclosure proceedings against more U.S. homeowners in May, setting the stage for increases in home repossessions and short sales - scenarios that could further weigh down home values in coming months.
Think American Dream and images of owning a single-family home pop up.
As summer heats up, air conditioning bills can rapidly rise. As homeowners feel the heat, many are looking for ways to save and stay cool.
With spring arriving earlier this season, gardeners across the country are inspired to plant now. Daydreams of fresh produce used in delicious sauces, salads and stir fries have many drawing garden plot plans and even starting seeds for future transplanting. Tabletop gardens are a fun and decorative way to expand into new planting opportunities.
Buyers are still clamoring for real estate deals in this turbulent market. Foreclosures and short sales offer some of the best bargains, but also have a higher risk level. Still, more than four in five adults think foreclosures and short sales can be good deals, according to a recent American Society of Home Inspectors (ASHI) survey.
Bigger isn't always better in the real estate world, and what's more, it's not always possible. With more baby boomers downsizing from McMansions to smaller, more manageable houses, and a growing number of people opting to rent rather than buy, many families are looking for new ways to decorate, design and work with smaller spaces.
WASHINGTON (AP) - Timothy Mayopoulos, the general counsel of Fannie Mae, will be the next CEO of the government-controlled mortgage giant.
WASHINGTON (AP) - Average U.S. rates on 30-year and 15-year fixed mortgages this week fell to fresh record lows for the sixth straight week. Cheap mortgages continue to help boost prospects for home sales this year.
DEAR BENNY: I am 58 years old and married. My total household income is less than $50,000. I have no mortgage; however, I do have a line of credit with $130,000 owed.
Nowhere else in the home must design and function marry as harmoniously as in the kitchen. The most-used room in the house is also the one where we spend the most work and leisure time, the one that gets the most scrutiny from potential buyers and the spot where most renovation dollars get spent.
The under $230,000 market when it comes to nicer resale homes is almost history once again in Manteca.
Small yards, city dwelling or soil that's sandy, rocky or full of clay - it seems no obstacles can keep Americans from the joys of gardening. More than 78 million U.S. households grow gardens, according to the Garden Writers Association Foundation, and many of them don't have optimal conditions to plant their gardens in the ground. When space constraints or soil conditions make traditional gardens impossible or inconvenient, gardeners turn to raised beds and planter boxes to grow the vegetables, herbs and flowers they crave.
Remember when brass fixtures and mauve countertops were all the rage in kitchen design? How about the days of shag carpet (yes, in the bathroom) and avocado tile? Fortunately, those particular trends have come and gone. And, whether you embraced them or not, they did have an influence on the space you live in right now. Take a look through the decades to see how decor styles have evolved into the modern kitchens and bathrooms of today.
Home improvement season is in full swing, and homeowners across the country are deciding which projects to tackle this year. By taking a strategic approach to selecting home improvements, you can go beyond adding value to your property - you can also boost your comfort and safety as well.
WASHINGTON (AP) - A fourth straight monthly increase in sales of existing homes provided the latest evidence Thursday that the U.S. housing market is rebounding from a weak start to the year.
The United States is a country of renovators and remodelers, judging from the steady growth of home improvement projects across the nation in recent years.
WASHINGTON (AP) - Average long-term U.S. mortgage rates declined this week, with the 30-year loan rate hitting its 52-week low.
LOS ANGELES (AP) - Fewer U.S. homeowners are falling behind on their mortgage payments, a trend that has reduced the late-payment rate on home loans to the lowest level in six years, according to credit reporting agency TransUnion.
With autumn just a few short weeks away, many people will soon spend less time on the patio and more time within four walls. Actually, five walls if you include the ceiling.
The appeal of Del Webb at Woodbridge goes beyond the obvious.
Moving up - vacating your current, smallish home for a larger, roomier abode - was the American way before the Great Recession. Now that the economy is humming again, at least some of the people who stayed put during those lean years will be looking to move into larger, nicer homes this summer. High demand and low inventory, however, may leave many with nowhere to go. Some will rediscover a time-honored space-gaining technique: attic conversion.
Summer is here and this is the time when you want to be outside as much as possible, soak up the sun, eat amazing food and enjoy the company of family and friends. You'll also see more of your home's exterior on days like this than any other time of the year so this is also a great time to complete those outdoor projects. In fact, 60 percent of homeowners will accomplish a summer home improvement project this year according to survey data from the Zillow Digs Summer Home Improvement Trend and Spending Survey.
Mom rules the media room, Johnny loves the basement workshop and the kitchen is Dad's domain. Gender roles notwithstanding, each family member has one room where he or she enjoys spending more time. One room, however, is equally used and loved - or reviled - by all: the bathroom.
Most people enter their home through the garage or backdoor, forgetting how the front entrance looks to neighbors and guests. Your front door is often the first thing others notice about your home. That's why it's key to make a positive first impression.
SAN DIEGO (AP) - California home sales declined in July compared to the same time last year as buyers struggled to find something they could afford in the tight market, a research firm said Thursday.