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Housing quagmire: Is it time to remove relief?For the growing number of struggling homeowners in this country, more help is on the way. Additional aid from the federal government will begin making its way to them next month -- one program would help qualified homeowners refinance their mortgages after seeing their property values fall below the amount they owe, and the other includes another round of funding to help the unemployed or underemployed with their payments. Home prices gain 3.6% in past yearDespite a recent spate of bad news coming out of the housing industry, home prices show signs of stabilizing. Surprise! Banks help more homeowners than ObamaRemember how everyone complained that banks weren't doing enough to help troubled borrowers? Remodeling your home? Get onlineHome improvement is one of the fastest-growing segments of e-commerce. But the consequences of a bad decision when it comes to finding a contractor or remodeling products online are far worse than buying the wrong paperback. Fewer mortgages are in defaultFewer mortgage borrowers are delinquent on their loan payments, according to the latest data from the Mortgage Bankers Association. Say goodbye to the McMansionThe American home is shrinking. Toll the bell for the McMansion. Housing's a wreck. Builders rally. Huh?Stop me if you've heard this before. The housing market is still in shambles. New home sales drop 12.4%New home sales unexpectedly fell in July to the lowest level on record as the housing market continued to suffer from the end of the homebuyer tax credit boost. Toll Brothers: First profit in 3 yearsHomebuilder Toll Brothers made a profit last quarter -- its first in three years. And it largely has Uncle Sam's tax credits to thank for it. Best moves for home buyers and sellersPlenty of forces, from overly cautious lenders to inaccurate appraisals, are wrecking real estate deals right now. But one of the biggest roadblocks to getting a house sold these days is the disconnect between buyers and sellers. 10-year yield at 19-month lowTreasury yields continued to fall Tuesday, with the yield on the benchmark 10-year note holding near a 19-month low, as a spate of dour economic news has driven investors into safer assets, like government-backed debt. Plunging home sales could sink recoveryWith home sales plunging to their lowest level in 15 years, economists warn that a double-dip in housing prices is just around the corner, threatening to further slow the overall recovery. The latest real estate rip-off?Would you be willing to pay the original builder a fee when you resell your home? That's an obligation some developers are trying to slap on homeowners in their communities. Foreclosure program losing its punchThe president's signature foreclosure rescue plan is losing its punch, according to a federal report released Friday. Refinancing applications at 15-month highApplications for mortgage refinancing hit a 15-month high last week as interest rates remained near historic lows, a mortgage bankers' group said Wednesday. 5 most affordable cities to buy a houseThese are the five most affordable major metro areas in the nation for homebuyers and five markets where home prices are least affordable. New home construction rises, but outlook weakensNew home construction ticked higher in July, but indications of future building were weak, the government said Tuesday. |
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