![]() |
| Recent News: | ||
Green homes face a red lightLots of people, especially those trying to battle high utility bills, believe in energy-efficient homebuilding. Can't make your mortgage? Get an emergency loanErin and Robert Smith had no problem handling the $2,000 monthly payment on their home ... until they lost their jobs. Cashing in on the condo bustGreat bargains abound, but you have to shop carefully. A plan to save commercial real estateEconomists have long been predicting commercial real estate could be the next day of reckoning for the financial markets, with a wave of defaults looming as billions of dollars in troubled loans come due in the coming months. Rush Limbaugh wants $14 million for his NYC penthouseConservative radio host Rush Limbaugh is saying adios to the Big Apple and selling his Fifth Avenue penthouse, asking almost $14 million. Nab a real estate deal - while you still canIf you've been holding off on a real estate purchase, glimmers of a turnaround in the housing market may have you wondering if it's finally time to make your move. Fannie to U.S.: We need another $15.3 billionBattered by the housing crisis, mortgage finance company Fannie Mae said Friday that it needs another $15.3 billion in bailout money from the federal government. Existing home sales dropSales of existing homes unexpectedly fell in January, according to an industry report published Friday. Mortgage servicers offer aid plan for joblessThe Mortgage Bankers Association proposed a forbearance program Wednesday aimed at helping the unemployed pay their mortgages for up to nine months. Duck! Watch out for falling home pricesDespite signs that the real estate market might be lurching forward, prices are expected to fall further this year. New home sales fall to a record lowSales of new homes plunged in January to the lowest level on record, government figures showed Wednesday. Nearly 25% of all mortgages are underwaterMore bad news on the housing bust front: Nearly 25% of all mortgage borrowers were underwater, meaning they more on their loans than their homes are worth. Home prices fall another 2.5%Home prices fell just 2.5% during the last three month of 2009 compared with the fourth quarter of 2008, according to a closely watched gauge of home price movement. That was a big improvement over the past three years. The boy who cried housing recovery!Lowe's reported a better-than-expected profit for the fourth quarter on Monday, and the nation's second-largest home-improvement retailer indicated that 2010 would be a better year for the housing market. $1.5 billion in housing help coming to 5 statesUnder pressure to do more for troubled homeowners, President Obama is expected to announce on Friday a $1.5 billion program to help borrowers in the five states hit hardest by the housing crisis. Late FHA loans spike 62%The recent spike in the number of delinquent Federal Housing Administration-insured loans has some people worried that taxpayers will eventually have to bail the agency out. Is the mortgage market starting to heal?The mortgage market may have begun to turn: Fewer borrowers fell behind on their payments during the last three months of 2009. Your landlord got foreclosed. Do you have to go?Renting a home that is going through foreclosure? If so, don't be fooled: Lenders can't kick you out; they have to honor the terms of your lease. |
||
![]() | ||||
| Copyright © 2010 | 156 Diablo Rd. Suite 360 | 866.676.5328 toll free | ||
| Sold2U®,Inc. Broker Lic #01248166 | Danville, CA 94528 | 925.678.3360 fax | ||