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Archive By Section - HOME SCENE


Obama seeks to broaden reach assistance

FALLS CHURCH, Va. (AP) - Conceding his earlier housing programs have fallen short, President Barack Obama on Wednesday proposed a vast expansion of government assistance to homeowners, aiming to make lower lending rates a possibility for millions of borrowers who have not been able to get out from under burdensome mortgages.

February 02, 2012 | | HOME SCENE


Home prices dropped in November in most cities

WASHINGTON (AP) - U.S. home prices fell for a third straight month in nearly all cities tracked by a major index. The declines show that most homeowners are not reaping the benefits from some signs of an improving housing market.

February 02, 2012 | | HOME SCENE


Builders step up spending for 5th straight month

WASHINGTON (AP) - Builders increased their spending in December for the fifth consecutive month, ending a weak construction year on a hopeful note.

February 02, 2012 | | HOME SCENE


Rate on 30-year mortgage falls to record low point of 3.87%

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.

February 02, 2012 | | 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


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Articles by Section - HOME SCENE


Celebrate fall patio season via elegant outdoor updates

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.

September 05, 2014 | | HOME SCENE


Upgrades that scream ‘luxury’ are cheaper-than-you-think

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.

September 05, 2014 | | HOME SCENE


Plenty of light! Feds selling off lighthouses

YORK, Maine (AP) - Lighthouses for sale! Actually, lots of lighthouses for free.

September 05, 2014 | | HOME SCENE


Average 30-year mortgage rate steady

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.

September 05, 2014 | | HOME SCENE


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