Archive By Section - HOME SCENE
Bank repossessions hit 9-month high of 59,134 during November
LOS ANGELES (AP) - U.S. home repossessions rose to a nine-month high in November, even as the number of homes starting on the path to foreclosure declined to the lowest level in six years.
Managers at Fannie, Freddie earned $200,000 as media pay last year
WASHINGTON (AP) - A government report finds median pay for nearly 2,000 senior managers at government-controlled Fannie Mae and Freddie Mac exceeded $200,000 last year.
Know your rights for canceling private mortgage insurance
DEAR BENNY: I want to get the PMI off my mortgage in February of next year, which will be two years from the time of my refinancing. All my payments have been on time. I have communicated with my current mortgage company that I wish to have the PMI canceled and they informed me in writing that I have to wait for two years and that I have to get an appraisal (which I ...
Rate on 30-year fixed rate mortgage dips to 3.32 %
WASHINGTON (AP) - Average U.S. rates on fixed mortgages fell this week near record lows, providing more incentive for Americans to buy homes and refinance.
California home prices rise 19% in November
SAN DIEGO (AP) - California home prices posted a ninth straight annual increase in November as buyers competed for a limited number of available properties, a research firm reported Thursday.
Use winter to update and beautify your bathroom
Remodeling and refreshing the home is a great way to keep cabin fever at bay during long winter months. Designing a bathroom remodel to incorporate innovative style, comfort and efficiency helps to speed the winter months along, and your family will certainly enjoy the rest of the season with a beautiful new bathroom.
Ten lucky home décor trends coming in 2013
Despite its negative reputation, the number 13 doesn't always have to be unlucky. Take these top 10 decor trends for 2013 from design experts, manufacturers and trend forecasters across the country. They're fresh, fun and sure to bring good fortune to any home.
Siding with style adds timeless value
As cooler temperatures approach, more homeowners are turning to value-driven renovation projects that will warm up their space and withstand the test of time.
Kitchen trends for 2013: 'Revamping kits' offer high-end results for less
If you're tired of looking at your outdated kitchen, but feel replacement would be impractical, you're not alone. In 2013, consumers will be trying to find the beauty in the beast. Projects that help the old look new will be the next big makeover trend - especially in the kitchen where remodeling becomes more pricey.
Short sales outpacing sales of bank-owned properties
LOS ANGELES (AP) - Sales of U.S. homes facing foreclosure are on the rise and outpacing sales of bank-owned homes, a reflection of stepped up efforts this year by lenders to avoid foreclosing on homes with mortgages gone unpaid.
Home prices rise in October by most since July of 2006
WASHINGTON (AP) - A measure of U.S. home prices rose 6.3 percent in October compared with a year ago, the largest yearly gain since July 2006. The jump adds to signs of a comeback in the once-battered housing market.
Negligent life tenant raises foreclosure risk
DEAR BENNY: My sisters and I "own" some Tennessee properties inherited from my late father, who died in 1984. In his will, he wanted to provide for his current wife ("B"), so she was given a "life estate" for her use of both properties during her lifetime. My sisters and I are the owners on the deeds. One of the properties is a residence, and the other is an income-producing commercial property.
Roanoke shop salvages architecture pieces
ROANOKE, Va. (AP) - The premiere of "Salvage Dawgs" opens with Mike Whiteside, 56, rolling up Roanoke's Memorial Avenue and into the parking lot of Black Dog Salvage with a giant, rusty rocket strapped to the top of his red Chevy pickup truck.
Doors, a forgotten design element
It's a design opportunity that's easily missed: Even the most stylishly decorated rooms often have bland wooden doors with cheap hardware.
Expert tips for choosing the right fountain
Spanish explorer Ponce de Leon spent many years and covered many miles searching for the fabled "fountain of youth." Fortunately, you don't have to go to those lengths to find a special fountain that will transform your backyard into a private oasis. You only need to make a trip to the local garden store.
Articles by Section - HOME SCENE
Sales of bank-owned homes hit 5-year low in 1st quarter
LOS ANGELES (AP) - Sales of bank-owned homes have plunged to a five-year low, the latest evidence that the nation's foreclosure woes are easing as the U.S. housing market recovery gains momentum.
Are we in a real estate market recovery?
Real Estate Boys: I keep reading that the real estate market is booming again. Time magazine, the newspaper from our north, TV and radio news are all reporting to get "in now, the market is heating up across the nation." Wasn't it just a short year ago you Boys, and it seemed everyone else, was reporting that maybe we haven't seen the bottom yet? Then in late in 2012, "Well, we've bottomed out, but the ...
Rebounding home prices help regain some household wealth for families
WASHINGTON (AP) - The average U.S. household has a long way to go to recover the wealth it lost to the Great Recession, a report by the Federal Reserve Bank of St. Louis concluded Thursday.
Home prices rise 10.9 percent, largest jump in almost 7 years
WASHINGTON (AP) - U.S. home prices jumped 10.9 percent in March compared with a year ago, the most since April 2006. A growing number of buyers are bidding on a tight supply of homes, driving prices higher and helping the housing market recover.
Smart, stylish renovations for any age
Most Americans over 50 want to stay in their home as they age, but few are making the renovations they need to ensure easy and comfortable living for years to come.
Eight easy ways to organize - and maximize - a small bath
The bath serves a variety of uses, from a functional room to a serene sanctuary, a storage facility to a salon. And, whether you enjoy it yourself or share with the family, every bathroom is in need of one major thing - organization. To help keep your bath feeling more serene and less insane, follow these eight ideas to help improve your organization, maximize space and even add a bit of style.
Go-big upgrades that can help a lingering home sell
Everyone knows spring and summer are the best months in which to sell a home. If your house has lingered on the market, you may be eager to find ways to freshen its appeal for potential buyers. Perhaps you're even ready to go big and invest in upgrades that will improve the home's value, curb appeal and interior allure so much that potential buyers just won't be able to walk away from it.
Sales of bank-owned homes fell in 1Q
FORECLOSURE SALES: Foreclosure tracker RealtyTrac Inc. says 190,121 U.S. bank-owned homes or properties in some stage of the foreclosure process were sold in the first quarter. That's down 18 percent from the previous three months and 22 percent from a year earlier.
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