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.
GRANBURY, Texas (AP) - The sign in front of the historic Brazos Drive-In says "closed."
Renew. Rejuvenate. Reinvigorate. The same objectives people have when making their personal New Year's resolutions can be just as easily be applied to their homes. There's no better time to give a home a fresh look, whether it's incorporating a new color palette, adding accessories, repurposing furniture or putting something interesting up on the walls.
Remodeling trends come and go, which is a good thing if you're talking about shag carpet or avocado-colored Formica. But some trends have both staying power and universal appeal, such as the strengthening movement toward homes that are more energy efficient and eco-friendly.
Q: We purchased a home in northern Indiana and are trying to sell our other home in Indianapolis.
WASHINGTON (AP) - Average U.S. rates for fixed mortgages changed little this week.
WASHINGTON (AP) - U.S. home construction slowed in December but ended 2013 with the best showing since the housing bubble burst.
Hey Real Estate Boys; It's a pleasure to be able to ask for your guidance. I have heard there are a lot of changes coming in 2014 as to lending. Can you Boys help me understand what changes are here now that we're in January? Also, let's hope the 49ers beat the Seahawks and are heading to another Bowl appearance. GO '9ERS.
NEW YORK (AP) - U.S. homebuilders lost a little confidence in the housing market this month but remain generally upbeat ahead of the spring home-selling next season.
WASHINGTON (AP) - House Speaker John Boehner said Thursday that the GOP-controlled House won't take up legislation aimed at neutering a 2012 overhaul of the federal flood insurance program that is hitting homeowners with big premium hikes.
DEAR BENNY: I am having problems with my mortgage. I fell on some hard times lately and fell behind on my mortgage payments. My mortgage lender has been dragging this out for over a year. I have been set up on two separate trial payments and made them both with no problem. Now my loan has gone into foreclosure. The lender keeps telling me that I am under review. Can you tell me what options I have to try to keep my home? --Hodges
SAN DIEGO (AP) - California home prices rose in December while tight inventories kept a lid on sales, a research firm reported Wednesday.
WASHINGTON (AP) - Average U.S. rates for fixed mortgages declined this week, edging closer to historically low levels.