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Archive By Section - HOME SCENE


Exercising lease option during foreclosure

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.

February 02, 2012 | by BENNY L. KASS Inman News | HOME SCENE


The hottest colors for your home

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.

January 26, 2012 | | HOME SCENE


A shocker as agent refunds client’s $20K

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.

January 26, 2012 | by BENNY L. KASS Inman News | HOME SCENE


Foreclosures made up 20 percent of home sales in 3Q

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.

January 26, 2012 | | HOME SCENE


Rate on 30-year fixed mortgage rises to 3.98%

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.

January 26, 2012 | | HOME SCENE


Obama proposes broad refinancing for homeowners including private lenders

WASHINGTON (AP) - President Barack Obama is proposing a program to allow homeowners with privately held mortgages to refinance at lower interest rates.

January 26, 2012 | | HOME SCENE


Savvy bathroom-storage solutions

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.

January 26, 2012 | Chuck Higgs | HOME SCENE


Candidates unloved in FL town hit by foreclosures

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.

January 26, 2012 | | HOME SCENE


Upgrading your home into home sweet home

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.

January 26, 2012 | | HOME SCENE


Woodside Homes launches ‘40 homes in 40 days’ sales event at neighborhoods

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.

January 19, 2012 | | HOME SCENE


Applying new home trends to remodeling

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.

January 19, 2012 | | HOME SCENE


Mortgage settlement between banks, states getting 'close'

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.

January 19, 2012 | The Associated Press | HOME SCENE


Update countertops for a song

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).

January 19, 2012 | By ASHLEY FLEMING Special to the Bulletin | HOME SCENE


On the Call: Wells Fargo CEO Stumpf on mortgages

NEW YORK (AP) - Wells Fargo reported gains in its mortgage business for the fourth quarter on Tuesday.

January 19, 2012 | | HOME SCENE


Rate on 30-year mortgage down to record 3.88 percent

WASHINGTON (AP) - The average rate on the 30-year fixed mortgage fell again this week to a record low. The eighth record low in a year is attracting few takers because most who can afford to buy or refinance have already done so.

January 19, 2012 | | HOME SCENE


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Articles by Section - HOME SCENE


Solid new-home sales lift hopes for housing market

WASHINGTON (AP) - A surprisingly strong pace of new-home sales last month has boosted hopes that the spring buying season will be solid enough to lift the overall economy.

February 28, 2014 | | HOME SCENE


Average 30-year mortgage rate reaches 4.37 percent

WASHINGTON (AP) - Average U.S. rates on fixed mortgages rose for a third straight week as new data showed a surprisingly strong pace of new-home sales last month. Rates still remain near historically low levels.

February 28, 2014 | | HOME SCENE


Freddie Mac posts $8.6B profit in 4Q

WASHINGTON (AP) - Mortgage giant Freddie Mac posted net income of $8.6 billion for the October through December period, its ninth straight profitable quarter. Earnings were boosted by the continued rise in home prices, which reduced the amounts the company had to set aside to cover losses on mortgages.

February 28, 2014 | | HOME SCENE


Oscar horse race to be a photo finish

LOS ANGELES (AP) - Many of the winners who will take home an Oscar on Sunday have long been forecast, their triumph made seemingly self-evident after months of anticipation. That is, except for one little category: best picture.

February 28, 2014 | | HOME SCENE


ND home prices soar with oil boom

BISMARCK, N.D. (AP) - North Dakota's oil boom isn't just driving up housing prices at the epicenter. Getting a roof overhead is getting more expensive throughout the state, with the average value of a home sold last year topping $200,000 - up more than 20 percent from 2011, a real estate trade group says.

February 21, 2014 | | HOME SCENE


Builder confidence sinks in February

NMEW YORK (AP) - U.S. homebuilders' confidence in the housing market declined sharply this month as the severe weather battering much of the nation keeps many would-be buyers at home.

February 21, 2014 | | HOME SCENE


Put your decorating fears to bed by employing the latest color trends

The bedroom is an oasis. It's the place where you wake up, energized and ready to start the day, as well as where you slip away and unwind from the day's activities. This is the one room that is truly yours, so make sure it's a reflection of your personality.

February 21, 2014 | | HOME SCENE


Put your decorating fears to bed by employing the latest color trends

The bedroom is an oasis. It's the place where you wake up, energized and ready to start the day, as well as where you slip away and unwind from the day's activities. This is the one room that is truly yours, so make sure it's a reflection of your personality.

February 21, 2014 | | HOME SCENE


4 quick color tips to awaken your home

While many resolutions are based on eating healthier and exercising more, homes rarely receive the same promise of improvement. This year, resolve to give your home some attention by committing to a new coat of paint. Painting can be a quick and cost-effective way to refresh your home, so consider updating several spaces for a clean start.

February 21, 2014 | | HOME SCENE


Foreclosure rate almost back to normal

Good news.

February 21, 2014 | Dennis Wyatt | HOME SCENE


Storms put chill on new housing starts

WASHINGTON (AP) - U.S. home construction fell in January for a second month but the weakness in both months reflected severe winter weather in many parts of the country. The expectation is that housing will deliver another year of solid gains, helped by an improving economy.

February 21, 2014 | | HOME SCENE


Average 30-year loan rate up to 4.33 percent

WASHINGTON (AP) - Average U.S. rates on fixed mortgages rose this week but remained near historically low levels.

February 21, 2014 | | HOME SCENE


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