SACRAMENTO (AP) - California should receive at least $20.6 billion from a settlement with the nation's major mortgage lenders, the largest share of any state and about $2 billion more than expected when the agreement to assist homeowners was announced last year, according to a report released Thursday.
WASHINGTON (AP) - The average U.S. rate on the 30-year fixed mortgage rose this week but remained near historic lows. Low mortgage rates have helped support the slowly recovering housing market.
If you find yourself wondering how you ever got along before your smartphone, laptop and GPS, you're not alone. Technology is so much a part of how we go about our days that we often take it for granted. However, in many cases, houses haven't caught up to the same technological standards as the gadgets people carry with them 24/7. But that's all about to change, as new ideas begin to revolutionize the way we view our homes.
Uncle Sam's failure to practice tough love is creating more foreclosures.
Year after year, no matter the state of the housing market, kitchen remodeling remains a good idea. The project perennially tops lists of value-for-your-money home improvements and almost every buyer will be attracted to a kitchen that's updated and move-in ready. Even if you're planning on staying in your home for a while, few things can reinvigorate your home like a brand new kitchen.
SAN DIEGO (AP) - The number of homes sold in California rose 2.7 percent last month from a year earlier and the median price soared as the housing market showed continuing signs of recovery, the reporting firm DataQuick said Thursday.
LOS ANGELES (AP) - Homeowners who took on mortgages well after the housing bubble burst are doing a better job in keeping up with payments, a trend that has helped push the national rate of late payments on home loans to the lowest level in four years.
DEAR BENNY: I will be soon paying off (in its entirety) the mortgage on my home. For your information, I have been current on my payments throughout the 10-year term. The mortgage company is a credit union, and I intend to continue residing in my home.
Even during a challenging economy, the outdoor living trend remains popular as homeowners seek to add lasting value and functional living space under the sky and stars. Whether it's a do-it-yourself patio or a professionally installed outdoor kitchen, the beauty, usefulness, value and ease of maintenance in outdoor living space is limitless.
DEAR BENNY: I understand that when homebuyers sign closing documents, they are routinely required to sign a blanket form allowing the lender to access IRS records with no time limit. The form says not to sign it unless dates are specified on the form, but lenders routinely insist they be signed without any specification as to which years of IRS records are covered.
WASHINGTON (AP) - U.S. home prices jumped by the most in 6 ½ years in December, spurred by a low supply of available homes and rising demand.
NEW YORK (AP) ‑ Low mortgage rates have made buying a home more affordable and turned rentals into an attractive option for investors.
Winter can seem like an eternity. Yet when it comes to your credit profile, house-hunting and the spring real estate season is just around the corner.
What your home is worth to you is one thing; what it's worth to someone else may be totally different. If you want to boost the value of your home for yourself and in the eyes of others, one of the best ways to do that in today's real estate market is to make green home improvements.
As temperatures increase, your thoughts may wander to spending time outside sharing conversation, drinks and meals with friends and family.
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 ...
WASHINGTON (AP) - Mortgage giant Fannie Mae says it had net income of $1.9 billion for the first quarter. That's sharply down from the same period a year ago due to lower fee income and larger losses on investments used to hedge against swings in interest rates.
LOS ANGELES (AP) - Shortly after Elvis Summers befriended Irene McGhee, he learned she was sleeping on the streets of South Los Angeles.
WASHINGTON (AP) - More than one in four U.S. renters have to use at least half their family income to pay for housing and utilities.
WASHINGTON (AP) - The poshest of luxury homes are acquiring the cachet of a masterwork by Picasso or Matisse.
Keeping your wardrobe and entertaining linens fresh and clean is no easy task – from fitting your laundry routine into your lifestyle to removing the toughest stains from your bright whites.
When considering a home renovation, think outside the box for design inspiration and setting the overall tone.