WASHINGTON (AP) - Rising foreclosures are weighing on the U.S. housing market, reducing prices and keeping new-home sales weak.
Gee, it has been a while since we had a week like this on the economic front. With the exception of mortgage rates declining slightly, and the retail sales report coming in better than expected, the bulk of the economic data and market news this week has been pretty disconcerting.
DEAR BENNY: My mother has a reverse mortgage on her home, taken out after my father died when as the survivor her name alone was on the title. The usual terms of the reverse mortgage apply, including the acceleration clause upon death or removal from the home.
If you added a pool to your home in the past few years, or moved into a house with an existing pool, you may wonder what more you can do to enhance the value and enjoyment your pool brings to your home and family. You may even think there's not much you can do beyond keeping it clean and well maintained.
A growing number of two-bedroom, one-bathroom apartments in the more popular complexes in Manteca that were renting for under $750 just a year ago have now topped $800 a month.
SACRAMENTO (AP) - The Legislature started moving ahead Thursday with bills intended to protect homeowners in the foreclosure process, setting up a potential showdown between the state attorney general and mortgage lenders.
WASHINGTON (AP) - It's been a long time since the market for new homes has looked this good.
WASHINGTON (AP) - U.S. builders requested the most permits in March for single-family homes and apartments in 3½ years, suggesting that many expect the housing market to improve over the next year.
DEAR BENNY: In December 2007 I purchased a one-bedroom unit on the top floor in a mixed-income development. Nearly seven months ago, management ran a water test on the roof that resulted in water flowing into my unit, as well as both structural and personal damage to my ceiling and possessions.
For many people, the onset of spring and summer is the ideal time to take on a home improvement project. Paint is a popular choice for those looking to freshen up their space, given that it is an easy, economical activity and a fun way to make a dramatic difference.
SAN FRANCISCO (AP) - The number of homes sold in California during March hit a five-year high as prices held steady, according to a survey released Thursday.
NEW YORK (AP) - Earnings reports from two major banks painted a picture of a healing housing market, with more Americans taking out mortgages, paying them on time and taking advantage of low interest rates to refinance.
It's that time of year when homeowners are lured outside by the warm, sunny weather. Is your outdoor space ready to be enjoyed to the fullest? If your deck or patio needs updating, catching up on the top design innovations and trends will help you create an inviting area that will add value to your home investment.
WASHINGTON (AP) - The average rate on the 30-year fixed mortgage dropped near its all-time low this week, making home-buying and refinancing a bargain for those who can qualify.
LOS ANGELES (AP) - More U.S. homes are entering the foreclosure process, setting the stage for a surge in properties repossessed by lenders this year.
Fall patio season is upon us, which means hosting family and friends for warm-weather gatherings and barbecues. Don't fret; outdoor events don't have to break the bank. With just a bit of creative vision and DIY savvy, you'll have an al fresco affair to remember in no time at all.
Hand-planed, reclaimed hardwood floors? Beautiful but pricey. Custom drapery? The cost can be blinding. When it comes to home decorating, it's easy to blow your budget on one or two upgrades - and maybe that would be OK if those improvements also amped up the drama in your decor. Too often, however, costly decorating ploys disappoint, wearing out or becoming dated before you've paid off the financing.
YORK, Maine (AP) - Lighthouses for sale! Actually, lots of lighthouses for free.
WASHINGTON (AP) - The average 30-year U.S. mortgage rate this week remained at a 52-week low of 4.10 percent for the third straight week.