New home construction rises, but outlook weakens

Continue Reading Add comment August 17th, 2010 08:58am John

New home construction ticked higher in July, but indications of future building were weak, the government said Tuesday.img src=”http://feeds.feedburner.com/~r/rss/money_realestate/~4/oHBUcioi_YA” height=”1″ width=”1″/

New York’s No. 1 in home closing costs

Continue Reading Add comment August 16th, 2010 03:32pm John

If you’re getting a mortgage in New York, bring a fat checkbook to the closing table: Closing costs there are the highest in the nation, according to a survey by mortgage website Bankrate.com.img src=”http://feeds.feedburner.com/~r/rss/money_realestate/~4/j3N-H1pGwHw” height=”1″ width=”1″/

Fed to protect consumers from abusive mortgages

Continue Reading Add comment August 16th, 2010 12:45pm John

The Federal Reserve Board issued new rules Monday to protect consumers from abusive mortgage lending practices.img src=”http://feeds.feedburner.com/~r/rss/money_realestate/~4/IKhTYmoBIXU” height=”1″ width=”1″/

The wasted 4.44% mortgage rate

Continue Reading Add comment August 16th, 2010 05:19am John

It appears even the bright spots of this tired economy are still working against heavily indebted homeowners. Mortgage rates have hit new lows nearly every week, but many borrowers are still unable to take advantage of them.img src=”http://feeds.feedburner.com/~r/rss/money_realestate/~4/KdpzcO5ms3s” height=”1″ width=”1″/

30-year mortgage rate lowest since 1971

Continue Reading Add comment August 12th, 2010 02:23pm John

Mortgage rates continued to decline this week, plunging to the lowest level in decades, according to surveys from Freddie Mac and Bankrate.img src=”http://feeds.feedburner.com/~r/rss/money_realestate/~4/up52sEJ9Gz8″ height=”1″ width=”1″/

Foreclosures rise in July

Continue Reading Add comment August 12th, 2010 04:42am John

The latest foreclosure numbers carried a mixed message: They’re up 3.6% from the month before but down 9.7% from 12 months earlier.img src=”http://feeds.feedburner.com/~r/rss/money_realestate/~4/qTcwhAuxnTo” height=”1″ width=”1″/

Home prices slowly creeping up

Continue Reading Add comment August 11th, 2010 02:21pm John

The weak economy and continued high unemployment have kept housing markets cool. As a result, the median price of a single-family home crept up just 1.5% to 176,900 in the three months ended June 30, according to a report released Wednesday by the National Association of Realtors.img src=”http://feeds.feedburner.com/~r/rss/money_realestate/~4/zv5FHEN5Y_M” height=”1″ width=”1″/

20% of mortgages are underwater

Continue Reading Add comment August 9th, 2010 12:04pm John

More than 20% of the nation’s mortgage borrowers owe more than their homes are worth.img src=”http://feeds.feedburner.com/~r/rss/money_realestate/~4/62eJNMd4u70″ height=”1″ width=”1″/

Fannie Mae narrows loss, but asks for more aid

Continue Reading Add comment August 6th, 2010 06:56am John

Fannie Mae says that its financial condition has vastly improved over previous quarters, but the mortgage finance company still requested more government assistance.img src=”http://feeds.feedburner.com/~r/rss/money_realestate/~4/Jx1soQS2spk” height=”1″ width=”1″/

Vulture investors: Back and making a bundle

Continue Reading Add comment August 5th, 2010 12:44pm John

These are the glory days of the residential real estate investor. Low prices, rock-bottom interest rates and stable rental markets have created huge buying opportunities.img src=”http://feeds.feedburner.com/~r/rss/money_realestate/~4/ZrmqPIOL9AY” height=”1″ width=”1″/

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