More than 155,000 families have lost their homes to foreclosure this year; one out of every 194 U.S. households received a foreclosure filing.
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Tuesday, April 29, 2008
Monday, April 28, 2008
Home vacancies rise to record 2.9% in first quarter Homeownership rate steady at 67.8%, matching six-year low
Putting further downward pressure on home prices, the number of vacant homes in the United States increased by 1 million over the past year to a record 18.6 million, according to government data released Monday.
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Friday, April 25, 2008
Home for sale by any means
Are you really serious about selling your home in this market? Then be prepared to try anything - and everything.
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Three steps to cutting property taxes
With home prices retreating, you'd think property taxes would too. But don't count on it -- by the time you see lower taxable values, your local government may be in enough of a squeeze to raise the rates that apply to those taxable values.
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Tuesday, April 15, 2008
Nine Earth-Friendly Fixes For Your Home
As Americans seem increasingly less willing to buy a home, they are becoming more open to investing in "green" features that result in reduced energy costs and clear consciences.
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Friday, April 11, 2008
To Preserve Home Equity Help Your Neighbor
With falling house prices in the news every day, many homeowners are asking: What's the best way to preserve my home's equity?
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Record New York Tower Acquisition Closes
Ashkenazy Acquisition Corp. and The Carlyle Group have completed their purchase of 650 Madison Avenue, a trophy asset in New York’s Plaza District, for $680 million.
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Best Cities For Home Sellers
Though luxury home buyers took a big bite out of the Big Apple last year--properties in the Plaza Hotel and condos along Central Park West sold for record prices and the city posted new highs in price per square foot and median sales price--2008 hasn't been as kind to sellers.
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Ten Recession-Proof Home Improvements
Just a few years ago, a real estate flipper could parlay a several-thousand-dollar upgrade into a substantial profit. A $30,000 investment in new kitchen tiles, countertops and appliances, for example, might reap $60,000 upon resale.
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Credit crisis overshadows dollar
Forget the falling dollar. Efforts to come up with an answer to a pernicious and surprisingly persistent credit crisis will be the top job when finance ministers and central bankers of the Group of Seven industrial nations gather in Washington Friday.
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Thursday, April 10, 2008
Hope Now: We've helped 1.2M home owners
Still, not everyone is convinced that the coalition is doing enough to keep troubled borrowers out of foreclosure.
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The big risk in the foreclosure fix
FHA, a formerly obscure federal agency, is now at center of many plans to fix the housing market. But it may not be up to the task - and that could cost taxpayers a bundle.
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Senate passes foreclosure bill
Plan includes tax breaks for builders, credit for the purchase of foreclosed property and grants to buy and repair abandoned homes.
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Foreclosure fix faces murky future
Senate fast-tracked legislation to stabilize housing. But Bush administration gives it low marks and House is proposing its own ideas and may even push for broader economic stimulus package.
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Bush, House jockey over foreclosure fix
Administration and Democrats stake claims on best way to stabilize housing, while top banking regulators say House plan to stave off foreclosure could be useful.
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The futile $100M foreclosure fix
A new bill would allocate millions for foreclosure counseling. But is that enough to help keep at risk borrowers in their homes?
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Best ways to fix the subprime mess
How do we stop the boom in foreclosures from doing more damage? Bureaucrats, consumer advocates, presidential candidates and plenty of others have plans. Here are 4 that, each for its own reason, offer particularly noteworthy fixes.
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Senate takes up $15 billion housing fix
Lawmakers begin consideration of compromise measure aimed at averting foreclosures and helping those hurt in housing crisis.
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Builders: No full recovery until 2010
Head of National Association of Home Builders said it could be several years before demand for homes returns to typical levels.
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Wednesday, April 2, 2008
Mortgage fix - The clock is ticking
Senate leaders reached a deal on Tuesday that could expedite help for the troubled housing market. But hurdles remain and time is running out.
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Average Manhattan home hits record $1.6 million
The price of an average apartment in New York City hit a new high in the first quarter of 2008. Still, the red-hot market looks like it's starting to cool.
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Senate reaches foreclosure relief compromise
Green light flashes as Democrats agree to drop plan, opposed by Republicans, that would have given judges power to cut interest rates.
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Tuesday, April 1, 2008
Housing: Where the candidates stand
The biggest partisan divide is over the government's role. The Democrats find areas of common interest even as they spar on campaign trail.
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Home improvement on the cheap
How to get top-shelf looks without spending top dollar on popular home-improvement projects.
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