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New Home Sales Tumble to Six-Month Low
Seeded on Mon Sep 26, 2011 5:10 PM EDT (AOL)
Sales of new homes fell to a six-month low in August. The fourth straight monthly decline during the peak buying season suggests the housing market is years away from a recovery.
Roadblocks for tornado-safe homes
Seeded on Fri Sep 23, 2011 3:54 PM EDT ()
So far this year 546 people died from tornadoes, making 2011 one of the deadliest tornado years on record. Tornadoes have struck far and wide across the U.S., hitting Joplin, Mo. (166 deaths), Tuscaloosa, Ala.
'Stolen' Property?
Seeded on Fri Sep 23, 2011 3:48 PM EDT (The New York Times)
I bought a house that a previous owner had nearly destroyed. He knocked holes in walls and doors, trucked away the deck and trashed the aboveground pool, etc.
Mortgage rule to be released early next year: CFPB
Seeded on Tue Sep 20, 2011 5:23 PM EDT (Yahoo! News)
The new Consumer Financial Protection Bureau will release a final rule early next year requiring lenders to make sure prospective borrowers have the ability to repay their mortgages, the acting head of the agency said on Tuesday. The rule, required by the 2010 Dodd-Frank fina …
Alleged mastermind of Baldwin County real estate scam pleads guilty to conspiracy
Seeded on Tue Aug 23, 2011 6:12 PM EDT ()
The accused mastermind of a multimillion-dollar real estate scam in Baldwin County pleaded guilty today to a federal conspiracy charge. Lance A. Collins, 43, pleaded guilty to conspiracy to commit mail and wire fraud.
More first-time property investors in the market
Seeded on Fri Aug 19, 2011 3:31 PM EDT (MarketWatch.com)
With rents on the rise, property prices at or near lows and favorable financing terms, more Americans are thinking it’s time to buy a rental property. Fifty-one percent of real estate professionals surveyed by ERA Real Estate said they’re seeing an increase in firs …
Why Are So Many Real Estate Deals Falling Apart? | AOL Real Estate
Seeded on Wed Aug 3, 2011 5:19 PM EDT (AOL)
It's been hard enough just to find a buyer for your house. Now the challenge is to drag them across the finish line. Only two-thirds of opened escrows close on time and 16 percent of the deals fall apart without closing.
Foreclosures fell this year in most metro areas - Jul. 28, 2011
Seeded on Thu Jul 28, 2011 6:18 PM EDT (CNN)
Foreclosures declined in more than 84% of U.S. metro areas during the first half of the year, according to the latest report from RealtyTrac, an online marketer of foreclosed properties.
As copper soars, thieves extract a price
Seeded on Fri Jul 15, 2011 1:39 PM EDT (Reuters)
When thieves ransacked eight air conditioners in an apartment complex in the city of Mobile, Alabama, the culprits made off with $800 worth of scrap metal and left residents with $38,000 worth of damages. "We've had copper robberies since forever," said Officer Christopher …
Luxury Camping, New York Style | AOL Real Estate
Seeded on Fri Jul 15, 2011 1:26 PM EDT (AOL)
A level spot of ground and a soft pad under your sleeping bag is what most people think of as luxury camping. Well, the bar has been raised -- big time -- by one New York establishment.
Fixed mortgage rates fall toward 2011 lows
Seeded on Fri Jul 15, 2011 1:19 PM EDT (msnbc.com)
Fixed mortgage rates fell this week, and the rate on the 15-year loan dropped to its lowest point of the year. The average rate on the 30-year loan decreased to 4.51 percent from 4.60 percent a week ago, Freddie Mac said Thursday.
The Cost Of Owning 150,000 Foreclosed Homes
Seeded on Thu Jul 7, 2011 1:22 PM EDT (NPR)
When you are the nation's largest owner of foreclosed homes, even little things can get expensive fast. Such is the case for mortgage giant Fannie Mae, which as of March 31 had a mind-boggling 153,000 foreclosed homes on its books. One example — mowing the lawn.
Since The World Didn't End, These Luxury Bunkers Are Going On Sale For $10,000
Seeded on Wed Jun 29, 2011 5:48 PM EDT (Silicon Alley Insider)
Just months ago sales of doomsday bunkers were reportedly soaring. Then the end of the world on May 21 didn't happen as forecast.
Summary Box: Contract to buy homes rises sharply in May but housing market still weak
Seeded on Wed Jun 29, 2011 5:19 PM EDT (The Washington Post)
The number of people who signed contracts to buy homes rose sharply in May, the National Association of Realtors said Wednesday. It was mainly due to an influx of spring buyers.
Mudd Says U.S. Housing Faces a `Rough Couple Years'
Seeded on Tue Jun 28, 2011 5:33 PM EDT (The Washington Post)
Daniel Mudd, chief executive officer of Fortress Investment Group LLC, talks about the outlook for the U.S. housing market and investment strategy.
JP Morgan To Pay $153.6M To Settle Magnetar Charges
Seeded on Tue Jun 21, 2011 6:56 PM EDT (Wall Street Journal)
J.P. Morgan Chase & Co. (JPM) agreed to pay $153.6 million to settle charges it misled investors in a portfolio of complex securities tied to the housing market just as the sector was beginning to crumble. The U.S. Securities and Exchange Commission alleged J.P.
Banks get more time to submit foreclosure plans
Seeded on Mon Jun 13, 2011 5:35 PM EDT (Yahoo! News)
Federal regulators are giving the nation's largest mortgage lenders an extra month to show how they plan to address problems with their foreclosure practices.
Energy Star Standards for Air Conditioners and Energy Efficient Furnaces - The Daily Green
Seeded on Mon Jun 13, 2011 5:25 PM EDT ()
The new standards will make new furnaces in the North about 20% more efficient in 2013, and air conditioners in the South about 40% more efficient by 2015. Heat pump standards will also be upgraded in 2015.
Foreclosure Fraud May Cost Big Banks $20 Billion | AOL Real Estate
Seeded on Wed Jun 8, 2011 7:34 PM EDT (AOL)
The nation's largest mortgage companies are operating on the assumption that they will have to pay as much as $20 billion to resolve claims of widespread foreclosure abuse, an amount four times what they originally had proposed, the top federal official overseeing the discussion …
Alabama residents cope with stress after deadly storms | MNN - Mother Nature Network
Seeded on Mon Jun 6, 2011 6:26 PM EDT ()
Emeel Salem Jr.
Do We Need Fannie And Freddie?
Seeded on Wed Jun 1, 2011 3:57 PM EDT (Forbes)
The Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) should be disbanded and reconstituted as a single government mortgage guarantee agency with no portfolio holdings and no private shareholders. The Dodd-Frank Act did …
Cities That Weathered Housing Bust Now Suffering
Seeded on Wed Jun 1, 2011 3:24 PM EDT (NPR)
Even cities that weathered the housing market crash with relatively little damage are suffering now. Severe price declines have spread to Dallas, Denver, Minneapolis and Cleveland, which had mostly withstood the bust in housing since 2006.
Navy volunteers to build Habitat homes
Seeded on Wed May 25, 2011 6:45 PM EDT ()
The USS Lawrence is a Navy destroyer being commissioned June 4 at the Alabama State Port Authority docks in a ceremony co-hosted by Pensacola and Mobile. The volunteers will work on the homes Tuesday and Wednesday 1 in the Camshire Meadows subdivision off Gulf Beach Highway.
6 Mistakes to Avoid While Selling Your Home - Yahoo! News
Seeded on Mon May 2, 2011 1:25 PM EDT (Yahoo! News)
While the real estate market downturn has benefited buyers, it's made selling a home much more stressful. It's common for a home to remain on the market for months before a sale.
Condo activity appears to be on rebound after oil spill al.com
Seeded on Tue Apr 26, 2011 5:30 PM EDT (AL)
Condominium bookings are on par with this time last year, and sales activity appears to be on the rebound as the anniversary of the Gulf oil spill approaches. "We're neck and neck with where we were this time last year with rentals, and better than 2009," said Bill Bender of …
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