It’s finally here—statistically speaking–the declining housing market. Though most of us have been blogging about this slowly leaking bubble for the last six to nine months—the cold, hard numbers are out: New homes sales fell for the fourth straight month… Read More…
Washington area housing prices dipped in the fourth quarter, according to new data from the National Association of Realtors, though it’s too soon to tell for sure whether prices are truly on the way down in a softening housing market. Read More…
After years of military life, Elizabeth and Stephen Allenbach were ready to settle down, so in 2002 they purchased a 100-year-old Victorian townhouse on Capitol Hill. But after they had been there for six months, a yellow summons arrived asserting a legal claim to title to the property. Read More…
Q: I am a first-time home buyer with limited income. My mortgage lender has suggested I consider an interest-only loan. I have heard that these kind of loans are not necessarily in the best interest of consumers. Can you explain what an interest-only loan is and why it could be problematic? Read More…
Billowing appreciation rates have been the hot news in real estate for much of the past three years. But now, with many of the most effervescent local markets calming, the focus is turning to something much more fundamental: homeowners’ equity stakes. Read More…
Zillow is the website with all the hype, but there is another which, innits so-far modest press notices, has been widely hailed as the new way ofnbuying real estate. nn Redfin, launched earlier this month, is the baby of anrelatively new real estate company in Kings County (Seattle) Washington.nRedfin the company, in its scant three years of […]
Americans may feel much richer because of soaring home prices, but they’re not. Read More…
The non-profit Center for Responsible Lending http://www.responsiblelending.org has been an aggressive crusader to stop predatory mortage brokers who prey upon poor, unsophisticated borrowers. The Durham, North Carolina-based group has successfully fought to get state legislation passed that outlaws sleezy industry… Read More…
New numbers from the Federal Reserve show some strange shifts in homeownership rates by age. An article is here about the most recent triennial survey. Although the survey was conducted in 2004, this is the first time the numbers have… Read More…
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