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Entries Tagged as 'CNN Real Estate'

Home repairs: Which jobs come first?

February 3rd, 2012 · Comments Off

Lean times call for budgetary triage. But while you should clearly opt for orthodontics before Disneyland, the choice is tougher when it comes to home maintenance.

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Tags: CNN Real Estate

Finally, a foreclosure settlement (Maybe)

February 3rd, 2012 · Comments Off

States have until late Monday to agree to the latest draft deal aimed at relieving homeowners struggling with mortgages bigger than their home’s value.

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Tags: CNN Real Estate

Mortgage rates hit another new low

February 2nd, 2012 · Comments Off

Just one day after President Obama detailed a proposal to enable millions of homeowners to refinance to record-low mortgage rates, those rates notched another record.

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Tags: CNN Real Estate

Mortgage probe unveiled as foreclosure talks loom

February 2nd, 2012 · Comments Off

President Obama’s latest probe into the mortgage meltdown will have more power than past efforts, and federal officials say it won’t derail a possible $20 billion settlement for underwater and foreclosed homeowners.

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Tags: CNN Real Estate

Obama proposes new home loan refinancing plan

February 1st, 2012 · Comments Off

The Obama administration on Wednesday detailed its latest plan to help millions of homeowners refinance their mortgages to today’s historically-low rates.

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Tags: CNN Real Estate

REITs to avoid

February 1st, 2012 · Comments Off

Investors are racing into REITs that promise higher yields than equity REITs. But be forewarned, the higher yields of these other types of real estate vehicles come with very real risks.

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Tags: CNN Real Estate

Don’t rush into REITs

February 1st, 2012 · Comments Off

You’d think that investors would be leery of companies that own and manage commercial real estate. Vacancy rates remain elevated in office buildings and shopping centers. Except for apartment buildings, rents really haven’t grown at all in four years. And given the possibility that the global economy may retrench yet again, things could still get worse before they get better.

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Tags: CNN Real Estate

Become your kid’s mortgage lender

February 1st, 2012 · Comments Off

Between slumping prices and low mortgage rates, it’s a good time to look for real estate bargains. But thanks to tightened lending standards, legions of young would-be homebuyers aren’t exactly in a position to take advantage of the opportunity. That’s where their parents come in: One in three first-time buyers received either a gift or a loan from their families to help buy a home in 2011, according to the National Association of Realtors.

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Tags: CNN Real Estate

Top 10 turnaround towns

January 31st, 2012 · Comments Off

Florida’s cities were some of the hardest hit by the housing bust, but now they are leading the charge back. Of Realtor.com’s top 10 turnaround towns, eight are in the Sunshine State.

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Tags: CNN Real Estate

Home prices post steep decline

January 31st, 2012 · Comments Off

Home prices posted a steep, month-over-month drop in November, falling 1.3%, according to the latest S&P/Case-Shiller 20-city report. Prices fell in 19 of the 20 cities the index covers.

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Tags: CNN Real Estate

Obama expands foreclosure prevention program

January 30th, 2012 · Comments Off

The Obama administration is taking another swing at improving its main foreclosure prevention program.

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Tags: CNN Real Estate

The housing recovery that wasn’t

January 27th, 2012 · Comments Off

FORTUNE — Over the past few months, a spate of good news about the U.S. housing market has led some to think a recovery is finally on the horizon.

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Tags: CNN Real Estate

New-home sales hit a record low

January 26th, 2012 · Comments Off

Just 302,000 new homes were sold in 2011, 6.2% below 2010 and the lowest number of annual sales since the government started tracking home sales in 1963.

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Tags: CNN Real Estate

Foreclosures made up 20% of home sales in 3Q

January 26th, 2012 · Comments Off

Sales of homes in foreclosure comprised 20% of all U.S. residential sales during the third quarter, according to RealtyTrac.

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Tags: CNN Real Estate

Romney’s real estate deals

January 25th, 2012 · Comments Off

Out of all of the presidential candidates, former Massachusetts Governor Mitt Romney owns the most real estate — even after unloading a couple of sizable properties.

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Tags: CNN Real Estate

Mortgage crimes are focus of new task force

January 25th, 2012 · Comments Off

A new special task force to investigate and prosecute those responsible for bad mortgages during the housing boom will be part of President Obama’s 2012 agenda.

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Tags: CNN Real Estate

Has Obama’s housing policy failed?

January 24th, 2012 · Comments Off

President Obama is expected to once again offer ways to help the beleaguered housing market in his State of the Union speech Tuesday night.

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Tags: CNN Real Estate

Foreclosures: America’s hardest hit neighborhoods

January 23rd, 2012 · Comments Off

The housing collapse has dramatically changed the nation’s foreclosure landscape.

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Tags: CNN Real Estate

China’s housing market is set for a hard landing

January 22nd, 2012 · Comments Off

The numbers are grim: China’s property bubble is heading for a spectacular burst, and its effect on the country’s economy will be widespread.

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Tags: CNN Real Estate

Steal this house! 7 foreclosure deals

January 20th, 2012 · Comments Off

A three-bedroom home for $15,000? These foreclosed homes may be in some of the U.S.’s hardest hit neighborhoods, but the deals may be too good for some buyers to pass up.

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Tags: CNN Real Estate