NEW YORK (CNNMoney) — Adjustable rate mortgages are back! After accounting for nearly 70% of all mortgages issued during the boom, ARMs vanished during the bust, totaling just 3%...
Archive | February, 2011
Should I pay off my Mortgage? CNN Money
By Lisa Gibbs, Money MagazineFebruary 23, 2011: 4:46 PM ET (MONEY Magazine) — When there was easy money to be made in real estate and stocks, mortgage debt seemed like nothing to...
Rising construction costs could boost new-home prices soon
By Lew Sichelman – February 13, 2011 The overall price for building materials has been rising year-over-year since the summer. That could mean, in the words of one industry...
30% of mortgages are underwater
Foreclosure Fiasco NEW YORK (CNNMoney) — Sometime, somehow, the foreclosure crisis will ease. But probably not anytime soon. Home prices dropped 2.6% nationwide during the last...
Home sales grow, aided by more stable prices
By Les Christie, staff writer February 10, 2011: 11:09 AM ET NEW YORK (CNNMoney) — Home sales volume rose sharply in the final three months of 2010, aided by more stable prices...
AP analysis: Foreclosures raise US economic stress
By MIKE SCHNEIDER and MARTIN CRUTSINGER, Associated Press (02-08) 07:57 PST (AP) – The nation’s economic stress inched up in December because higher foreclosures outweighed...
Foreclosures are falling – but it’s a fake out
A great article wrtitten By Les Christie, staff writerFebruary 10, 2011: 12:14 PM ET at CNN Money. NEW YORK (CNNMoney) — Foreclosure filings plunged in January, but don’t...
Bubble or NO Bubble? Two articles post in the same week online…
By NICK TIMIRAOS – WSJ Home Affordability Returns to Pre-Bubble Levels Click here for the full article Home affordability returned to pre-bubble levels in a growing number of...
Can you claim home buyer tax credit?
A great post by Sandra Block at USA Today – and a reminder regarding the 2010 Tax Credit… If you bought a home last year, you may be eligible for a tax credit of up to...
Housing finance changes likely to mean less government backing for some buyers – The Washington Post
Big changes on the way for Real Estate Financing… what does this mean to you? By Zachary A. Goldfarb and Brady DennisWashington Post Staff Writers Friday, February 4, 2011; 12:08...