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.
ASHEVILLE, N.C. (AP) - It's not uncommon to see floral patterns on quilts. But how about flowers planted in a quilt pattern?
With spring in full swing and summer fast approaching, finding ways to save time on indoor chores can help get you out of the house faster and back to enjoying your favorite outdoor pastimes. Tame household dust, hair and dirt in a snap this summer with these efficient and effective cleaning tips:
Springtime represents new beginnings and is the prime time to get the house in order. Whether you're looking to make a first-time purchase, refresh an existing home or simply leverage built-up equity for other reasons, it's important to figure out which path is right for you and understand the lending options available.
WASHINGTON (AP) - Average long-term U.S. mortgage rates jumped this week to their highest levels this year, with the key 30-year rate topping 4 percent for the first time since late 2014.
Whether it's a just a vibrant pop of pretty petals you want added to the front of the home or a raised bed full of delicious fruits and vegetables, the return of warmer weather has many homeowners reaching for their gardening gloves.
Gone are the days of basic backyards outfitted with plastic furniture and folding lawn chairs. Today's outdoor spaces have evolved to become true extensions of the home offering all the style, comfort and function of an interior living area. From furniture and accessories to fully-appointed outdoor kitchens, the lines between indoors and out have blurred beyond distinction.
BERKELEY (AP) - Showering during California's drought is a guilt-free experience for homeowners Catarina Negrin and Noah Friedman.
Perhaps your home is in pretty good shape - newish roof, well-maintained furnace and air-conditioning, and fresh paint throughout. Or maybe you've bought a brand-new house that's move-in ready. Even though you don't really need to do a thing to the home, you may still have the urge to update. But what can you do when everything is already just about perfect?
WASHINGTON (AP) - Average long-term U.S. mortgage rates were flat to slightly lower this week, remaining near their highest levels so far this year.
WASHINGTON (AP) - Al and Saundra Karp have found an unconventional way to raise money and help save their Miami-area home from foreclosure: They're lining up gigs for their family jazz band.
WASHINGTON (AP) - We've seen the TV ad pitches from celebrities like "The Fonz" Henry Winkler and actor and ex-senator Fred Thompson, touting the benefits of reverse mortgages for older homeowners.
Have you ever walked into a room that was so full of over-sized furniture it made an already small space feel miniscule and unusable? Or tricked your tummy into being satisfied with less food by using a small plate to make a modest portion look huge? Scale makes a decided difference in many aspects of life, and gardening is no different.
SAN FRANCISCO (AP) - San Francisco has filed a lawsuit against a property owner, claiming she has been harassing and intimidating her rent-controlled tenants to force them from their apartments.
Equations are for more than just math class; did you know there's a proper order of operations for your home, too? Whether it's arranging your couch and television for optimal viewing or making sure towel bars are right within reach, knowing a few key numbers can help you determine the ideal place for each item in your home - creating spaces that look great and are easy-to-use.
Custom cabinetry, granite countertops, reclaimed wood flooring and accents, and top-of-the-line, high-tech appliances - what more do you need to make your kitchen renovation perfect? How about adding an island? Designers and builders across the country are pointing to the addition of an island as the must-have upgrade for kitchen renovations this year.