Reporting from Washington — Condominium owners who are trying to sell in today’s agonizingly slow housing market should make sure that their community is on the Federal Housing Administration’s approved list. Ditto for someone who is thinking about refinancing a condo. Under a little-noticed edict put in place in December, the FHA is no longer [...]
Filed under: Condos, Federal Housing Regulations, FHA loans, La Times, National Real Estate News on July 28th, 2010 | Comments Off
Housing starts fall 5% overall from May, single-family home construction is down 0.7% and apartment construction declines nearly 20%, the government says. It’s the latest sign of trouble in the housing market. New residential construction dropped in June, another indication that the U.S. housing market is struggling. Housing starts fell 5% in June from May, [...]
Filed under: California Real Estate News, Home Buying, Housing Market Trends, National Real Estate News on July 23rd, 2010 | Comments Off
Built 2006 Sophisticated Elegance Classic Mediterranean! This almost new town home features: dramatic natural light, designer finishes, open floor plan, maple hard wood floors, recessed lights, crown moldings, cooks kitchen with Caesar stone counters, wine cooler and stainless steel appliances opens to one of a kind large private landscaped yard and patio, master suite with [...]
Filed under: California Real Estate News, Home Buying, Santa Monica Activities, Santa Monica Neighborhoods, Santa Monica News, Uncategorized on July 16th, 2010 | Comments Off
Homeowners who owe so much on their mortgages that they can’t refinance may want to consider bringing some money to the table to take advantage of today’s near record-low interest rates. That’s what Frank Nothaft did. And he isn’t alone. Millions of people in recent months have become part of a phenomenon known as “cash-in” [...]
Filed under: Economic Recovery, Housing Market Trends, Market Update, Mortgage News, Mortgage Rates, Refinancing on July 12th, 2010 | Comments Off
Wealthy simply see loss of home as one bad investment and walk away LOS ALTOS, Calif. — The housing bust that began among the working class in remote subdivisions and quickly progressed to the suburban middle class is striking the upper class in privileged enclaves like this one in Silicon Valley. Whether it is their [...]
Filed under: Economic Recovery, Foreclosures and Short Sales, Lending Info, loan modification, Mortgage News on July 9th, 2010 | Comments Off
Two reports released Monday raise hope that the country’s tide of home-loan defaults may finally be starting to recede, but the picture is far from clear. Credit data giant TransUnion said serious delinquencies – home loans on which borrowers are at least 60 days behind on payments – fell slightly across the nation in the [...]
Filed under: California Real Estate News, Economic Recovery, Foreclosures and Short Sales, Lending Info, loan modification, Mortgage News on July 7th, 2010 | Comments Off
