WASHINGTON (AP) - Average U.S. rates for 30-year and 15-year fixed mortgages fell to fresh record lows this week, offering more incentive for Americans to buy or refinance homes.
Q: I want to lend my daughter and son-in-law money by making a $200,000 mortgage loan to them. How do I do this to make it legal, so I can pay taxes on the income and they can get a tax deduction on the interest and I can earn more than I would on a bank CD?
DEAR BENNY: My cousin and disabled elderly aunt are living in a house that my aunt sold about four years ago in which the agreement included lifetime living rights without the stipulation of rent payment or payment for taxes. Does the owner have the right to demand rental payments now? Is there a website that I might be able to check to find out more information for them? --Patti
With temperatures on the rise, it's time to get outside to relax with family and friends. Today's homeowners want their outdoor spaces to be an extension of their homes, with 80 percent saying a patio or front porch are "must haves," according to a survey of residential architects by the National Association of Home Builders (NAHB).
It was one of those conversations that tend to stick with you.
WASHINGTON (AP) - Sales of new homes fell in March by the largest amount in more than a year, indicating that the U.S. housing market remains under strain despite some modest signs of improvement.
WASHINGTON (AP) - An index that tracks the number of signed contracts to buy U.S. homes rose to its highest level in nearly two years last month, the latest sign the battered housing market is slowly improving.
WASHINGTON (AP) - The average rate on the 30-year fixed mortgage has dipped to near its record low, keeping home-buying and refinancing affordable.
What starts out as a fun summer evening with a few friends can quickly become a reminder that not paying attention while grilling can be dangerous.
WASHINGTON (AP) - Rising foreclosures are weighing on the U.S. housing market, reducing prices and keeping new-home sales weak.
Gee, it has been a while since we had a week like this on the economic front. With the exception of mortgage rates declining slightly, and the retail sales report coming in better than expected, the bulk of the economic data and market news this week has been pretty disconcerting.
DEAR BENNY: My mother has a reverse mortgage on her home, taken out after my father died when as the survivor her name alone was on the title. The usual terms of the reverse mortgage apply, including the acceleration clause upon death or removal from the home.
If you added a pool to your home in the past few years, or moved into a house with an existing pool, you may wonder what more you can do to enhance the value and enjoyment your pool brings to your home and family. You may even think there's not much you can do beyond keeping it clean and well maintained.
A growing number of two-bedroom, one-bathroom apartments in the more popular complexes in Manteca that were renting for under $750 just a year ago have now topped $800 a month.
SACRAMENTO (AP) - The Legislature started moving ahead Thursday with bills intended to protect homeowners in the foreclosure process, setting up a potential showdown between the state attorney general and mortgage lenders.
It is arguably the hottest small parcel zoned neighborhood commercial as well as for other uses that's available in Manteca - five acres at the corner of Pillsbury Road and Woodward Avenue.
PORTOLA VALLEY -- If the architecture of Silicon Valley calls to mind the tilt-up office parks that surround its freeway exits, you might have missed Beverly Thorne's jagged, steel-framed house nestled in a cliff overlooking the South Bay.
WASHINGTON (AP) - High rents are worth it.
WASHINGTON (AP) - Average long-term U.S. mortgage rates edged slightly lower this week after rising for three straight weeks.
SAN DIEGO (AP) - California home prices climbed to a new 7 1/2-year high in April as low interest rates and job growth lured buyers, a research firm said Thursday. Sales were brisk.
Home shoppers are finding the home of their dreams in a resort like setting at Van Daele's Waterpointe at River Islands in Lathrop.
If the kitchen is the heart of your home, it would be easy to make the case that the sink is the heart of your kitchen. It's where you prepare foods, clean dirty hands and scrub dishes before the next culinary project. It's also one of the best features to update when planning a kitchen remodel, thanks to new technology and designs aimed at improving how well kitchen sinks perform.
It used to be that the man's room -or man cave- was relegated to the basement or the garage. Now homes are being designed with the man cave already in mind to give men a place to call their own.
PATTERSON - Ivy Terrace is Patterson's first gated "for sale" condominium community.
LOS ANGLES (AP) - Eager to buy your first home this spring? Already own, but want to trade up? Be warned: there'll be plenty of competition
As a kickoff to home improvement season, there are many home updates homeowners are undertaking. But before you grab your toolkit or enlist the help of a professional, do your wallet a favor, and conduct a little research.
Do you feel like your house could use more natural light to brighten and warm your favorite spaces? Patio doors offer unobstructed views that flood your home with natural light and provide convenient access to the outside.
It often starts as a blank spot on the patio, usually somewhere just outside the back door. Then come the "things" to fill the spot. There's so much to consider that it gets difficult to make a decision.
WASHINGTON (AP) - Average long-term U.S. mortgage rates are up this week to the highest level since mid-March.
Hey you Real Estate Boys: There's a lot going on my/our lives in the coming months. First and most importantly we will be getting married right after we both graduate in May, from Stanislaus with our respective degrees. We both have good jobs in this area and are looking forward to becoming old and boring and raising a family. "She is so brilliant." So, being the conservative future couple we'd like to make sure we start our lives on the correct foot/feet. And that, sirs, is our question. How does a young couple start a life ...