Housing Market, Real Estate | featured news

Obama: Housing market still a 'big drag'

President Obama says it will take time for the housing market to recover and that it's a "big drag" on the economy. Obama met with Ohio families to discuss the economy.

 

Obama seeks new design for housing, Fannie/Freddie

The U.S. government's role in housing finance should undergo "fundamental change," but it should still provide some guarantees in the mortgage market, Treasury Secretary Timothy Geithner said on Tuesday.

 

FHA Gets Tougher on Mortgages

Consumers looking for home loans backed by the Federal Housing Administration will face tougher hurdles and higher costs under new legislation and new rules that could take effect as soon as this month.

 

First Superman Comic Saves Family's Home

A cash-strapped family facing foreclosure stumbled upon what is considered to be the Holy Grail of comic books – a fortuitous find that could fetch upwards of a quarter million dollars at auction.

 

Five Reasons Why You Shouldn't Buy A House Right Now

Everyone keeps saying now is the time to buy. Here's why you shouldn't.

Senh: I agree with one of the commenters for that article - it's one of the dumbest articles on why you shouldn't buy NOW. Right now is actually the best time to buy because of historically low interest rates and low prices. The problem now is it's hard to get a loan.

 

Foreclosures up in 75 percent of top U.S. metro areas

Foreclosures rose in 3 of every four large U.S. metro areas in this year's first half, likely ruling out sustained home price gains until 2013, real estate data company RealtyTrac said on Thursday.

 

8 Steps to Paying Off Your Mortgage Early

8 Steps to Paying Off Your Mortgage Early

How to tell if you should prepay your mortgage. Recently, I have had two people ask me if they should repay their mortgage early. While there are psychological benefits to wiping away what is often a person’s largest debt, there are several things you should consider before taking steps to pay off your mortgage ahead of schedule.

Senh: It's not really 8 steps to paying off your mortgage. It's more of a guide to whether or not you should pay off your mortgage early. With that in mind, it's a great article - balanced and easy to digest, especially the part about tax deductions.

 

Consumer confidence dims as home prices advance

Consumer confidence sank in July to its lowest since February on job market worries, underscoring the slow path to economic recovery, and home prices rose in May but without signs of a sustained rebound, reports released on Tuesday showed.

 

New home sales up, but sales remain slow

For those seeking hope in the better-than-expected 23.6 percent jump in new home sales in June: it's only one month's data.

Senh: Sure, these figures for new home sales are only for June, but we'll take any good news we can get.

 

Time for a real estate re-entry?

As housing market is once-again deteriorating, some are pondering a return to homeownership.

Senh: Why not? Mortgage rates are at record lows. Same with home prices. The only problem is it's harder than ever to get a loan.

 

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