Tuesday, April 29, 2008

Foreclosures spike 112% - no end in sight

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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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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Homeowners need help, not Wall Street

Consumer groups decry Bear Stearns bailout while foreclosures soar......


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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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Buying green

New home products save energy, water and more.....


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Stay or move?

Some home sellers waiting out unfavorable conditions may remodel instead....


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Reverse mortgages getting better

But costs, scams mean seniors still need to be on guard.....


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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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No-down-payment mortgages gone for good?

Most mortgage insurance companies won't cover 100% loans anymore


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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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Pending home sales at all-time low

Realtors' group says its index of homes under contract to sell fell sharply in February.


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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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Democrats seek quick strike vs. foreclosure

Key leaders say they'll seek a vote aimed at keeping families in their homes.


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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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