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Fannie Mae posts $2B profit for 3Q

WASHINGTON (AP) - Mortgage giant Fannie Mae reported net income of $2 billion for the July-September period, down from $3.9 billion a year earlier.

November 06, 2015 | | HOME SCENE

Natural light helps save money

Wild seasonal temperature changes and the high utility bills extreme temperatures can cause - no wonder a change in season can make many Americans feel down, or even outright depressed. Maybe we all just need to lighten up - literally.

November 06, 2015 | | HOME SCENE


With sales of new and existing homes remaining slow nationwide, many homeowners are looking for ways to add value now. Installing stylish interior doors and replacing old exterior trim are two great ways to make your home look even better today and sell it for more later.

October 30, 2015 | | HOME SCENE

Home rental prices rose at slower pace

WASHINGTON (AP) - The U.S. home rental market cooled in September. The slowdown hit major hubs of the energy industry such as Dallas, Houston and Tulsa, while moderating the boom coming in tech centers such as San Francisco, San Jose and Denver.

October 30, 2015 | | HOME SCENE

In San Francisco, high rents matched by rising incomes

WASHINGTON (AP) - San Francisco has outlandishly high rents - among the highest in the nation - yet a striking number of tenants there can afford to plunk down as much as $3,000 for a studio apartment.

October 30, 2015 | | HOME SCENE

US home values and rents defying global slowdown

WASHINGTON (AP) - U.S. housing appears to be insulated so far from the cooling global economy.

October 30, 2015 | | HOME SCENE

Turn to nature for color inspiration

The colors are blooming outside and chances are you're feeling inspired to add some color inside your home as well. Using nature as your guide, there are some quick and easy ways to refresh your home's interior.

October 30, 2015 | | HOME SCENE

Wright house aimed at wider audience rediscovered in Madison

MADISON, Wis. (AP) - Linda McQuillen long wondered whether her 1917 home had any connection to Frank Lloyd Wright, thinking at best maybe one of his peers designed it as an imitation of the architect's famous Prairie School style. It turned out she was living in the real thing.

October 09, 2015 | | HOME SCENE

Chef-centered kitchen

Many homeowners with a passion for cooking desire a kitchen that mirrors those of renowned chefs. To achieve this, various design elements and simple upgrades can be incorporated to create the ideal kitchen that combines ultimate functionality with sophisticated style.

October 09, 2015 | | HOME SCENE

EPA pushes for ‘smart themostats’ to limit pollution

CHICAGO (AP) - The head of the U.S. Environmental Protection Agency made an impassioned push Thursday for homeowners to adopt Wi-Fi-enabled "smart thermostats" as a way to limit carbon pollution and improve public health.

October 09, 2015 | | HOME SCENE

Average rate on 30-year mortgages falls to 3.76%

WASHINGTON (AP) - Average long-term U.S. mortgage rates fell sharply this week amid concern over a labor market that has shown recent signs of weakness.

October 09, 2015 | | HOME SCENE


Q: I have a mortgage balance of approx. $170,000, but the estimated market value of my home is $67,000 to $75,000. The mortgage was modified back in 2008, with a balloon payment of approx. $108,000 due in 2037. So the property is totally upside down, and this modification shows as an adverse account on my credit, even though all monthly payments are made. We are senior citizens and want to move to Florida, so I was thinking about renting it out to section 8, but was advised by an attorney that we should short sale it ...

October 09, 2015 | | HOME SCENE

Sparks braces for Tesla housing boom

SPARKS, Nev. (AP) - Not since the Southern Pacific railroad rolled into this sleepy high desert town in Nevada more than a century ago has there been such excitement - Tesla Motors and other technology companies are coming, and along with them thousands of jobs.

October 09, 2015 | | HOME SCENE

Hardwoods can make home dazzle

If you're looking to upgrade your home's exterior, include American hardwoods in the mix. New, environmentally friendly treatment methods now make hardwood an excellent and great looking material choice for outdoor living spaces.

September 18, 2015 | | HOME SCENE

California home prices, sales cool

SAN DIEGO (AP) - California's summer housing rally cooled in August, a research firm said Thursday, as tight supplies kept a lid on sales and more buyers found prices out of reach.

September 18, 2015 | | HOME SCENE

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