With all of the gifts to buy and cookies to bake, home sales typically slow during the holidays. According to new data released by RE/MAX in their Monthly Housing Report, October home sales were 9% above October of 2010. The data encompasses 53 metropolitan areas. Experts expect to see further declines … [Read more...]
Free Seminars Help Homeowners Avoid Foreclosure
October 28, 2011 By Leave a Comment
Many feel the foreclosure epidemic is showing no signs of slowing down. As millions of Americans find themselves under water with their mortgages, some organizations and leaders are trying to help. Facing foreclosure is stressful, but there are ways to avoid it. There are several free seminars planned … [Read more...]
Study Links Housing Crisis and Health Crisis
October 21, 2011 By Leave a Comment
The housing crisis is creating a health crisis, according to a new study released by the American Journal of Public Health. It's the first long-term survey of the impact the housing crisis is having on older Americans. The study found high rates of depression among those who are behind on their mortgage … [Read more...]
Abandoned Detroit Homes Get Attention
October 14, 2011 By Leave a Comment
Artist Kevin Bauman started photographing abandoned homes in the Detroit area about a decade ago. He saw it as a creative outlet. Photographing these once beautiful homes, left to crumble and burn was amazing, depressing and perplexing to Kevin. Kevin writes that once Detroit was home to more than two … [Read more...]
Home Ownership Rates Second Highest in History
October 7, 2011 By Leave a Comment
The US Census Bureau just released new data showing that the home ownership rate for 2010 is the second highest on record, behind 2000. That's since the collection of this data began in 1890. But home ownership has experienced the largest decline since the period between 1930-1940. In the last ten years … [Read more...]
Mortgage Rates Remain Low
September 27, 2011 By Leave a Comment
Fixed-rate mortgages are holding steady among European debt market concerns, mixed housing data and a sputtering economy. Freddie Mac just released results of its Primary Mortgage Market Survey and found that the 30-year fixed rate remain unchanged at 4.09 percent. The 15-year rate dropped to 3.29 percent … [Read more...]
Help Available for Hurting Homeowners
September 13, 2011 By Leave a Comment
If you're a homeowner impacted by Hurricane Irene you could be eligible for assistance from Freddie Mac. The company has relief policies to help homeowners whose properties were damaged or destroyed by Hurricane Irene. The homes must be located in the counties that the President has named as Major Disaster … [Read more...]
Housing Market Showing Mixed Signals
August 31, 2011 By Leave a Comment
Summer seems to have ushered in some improvement for the housing market according to new data from S&P Indices. The statistics show that the US National Home Price Index increased by 3.6% in the second quarter of 2011. That increase was welcomed following the 4.1% drop experienced during the first … [Read more...]
Father Abandons Son After Foreclosure
August 27, 2011 By Leave a Comment
A depressed, out of work architect facing foreclosure left his Minnesota home, leaving his 11-year-old son behind. According to the Pioneer Press, Sebastian Cross woke up last month to an empty home and two notes his father had written. The newspaper printed this portion of one of the letters: "To … [Read more...]