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Archive for February, 2014

Four million homeowners now 'above water'

February 28th, 2014 by

By Around the Web Rising home prices helped push negative equity below 20 percent nationwide for the first time since the housing crisis....( [ Read More ]

CFPB presses consumer access to credit scores

February 28th, 2014 by

By Around the Web CFPB Director Richard Cordray on Thursday called on major credit card companies to make credit scores readily available to consumers....( [ Read More ]

Why Las Vegas Got Bubbly

February 27th, 2014 by

By Around the Web One of the mysteries of the housing boom and bust is how speculation in Las Vegas and Phoenix, with their wide open spaces, got so heated. With so much land on supply, you'd think it would be hard for a bubble to ge... [ Read More ]

39% of Buyers Prefer to Rent Out Their Last Home Rather Than Sell

February 27th, 2014 by

By Around the Web There's a new trend among 2014 homebuyers: the decision NOT to sell their current homes when they move. Read More The post 39% of Buyers Prefer to Rent Out Their Last Home Rather Than Sell appeared first on Red... [ Read More ]

Overhaul Of A FEMA Program Has Homeowners Calling Congress

February 27th, 2014 by

By Around the Web In 2012, Congress approved changes to the federal flood insurance program to help get it out of debt. But lawmakers might undo that now, since one result has been dramatically increasing premiums....( [ Read More ]

Should Fannie and Freddie Fund Housing for the Poor? - Bloomberg

February 27th, 2014 by

By Around the Web Should Fannie and Freddie Fund Housing for the Poor? Bloomberg Developer Nora Lichtash wants to turn a weed-covered lot in Philadelphia's working-class Port Richmond neighborhood into a block of rental homes af... [ Read More ]

House to Consider CFPB Accountability Reforms This Week

February 27th, 2014 by

By Around the Web On Thursday, February 27 the House will consider H.R. 3193, the Consumer Financial Freedom and Washington Accountability Act, sponsored by Financial Services Committee member Rep. Sean Duffy (R-WI). H.R. 3193 is a p... [ Read More ]

Realtors® Oppose Tax Plan to Limit Mortgage Interest Deduction, Real Estate Provisions

February 26th, 2014 by

By Around the Web WASHINGTON (February 26, 2014) – The following is a statement by National Association of Realtors® President Steve Brown: “NAR supports reforms that promote economic growth, but we strongly oppose se... [ Read More ]

Home-Renovation Spree Allays Concern Housing Recovery Is Slowing - Bloomberg

February 26th, 2014 by

By Around the Web Home-Renovation Spree Allays Concern Housing Recovery Is Slowing Bloomberg Both Home Depot Inc. and Lowe's Cos. topped their initial sales forecasts for last year, benefiting from consumers' eagerness to i... [ Read More ]

Many Business Leaders Doubt U.S. Colleges Prepare Students

February 26th, 2014 by

By Around the Web More than one-third of business leaders are not confident that U.S. college students are graduating with the skills and competencies that their businesses need....( [ Read More ]

Jed Kolko: Buying a Home 38% Cheaper Than Renting - But How Risky Is It?

February 26th, 2014 by

By Around the Web Homeownership remains cheaper than renting nationally and in all of the 100 largest metro areas. Rising mortgage rates and home prices have narrowed t... Read more: Interest Rates , Mortgages , Housing , Selling , R... [ Read More ]

Surprise! These are the richest US neighborhoods

February 26th, 2014 by

By Around the Web A new ranking of the 100 richest neighborhoods in America finds that three of the top five are in Maryland, all of them close to Washington, D.C....( [ Read More ]

A Nonprofit Lender Revives the Hopes of Subprime Borrowers

February 26th, 2014 by

By Around the Web An unconventional lender is trying to make it easier for low-income people to buy houses despite the tighter requirements that other lenders adopted after the mortgage bust.        ...( [ Read More ]

U.S. housing recovery uneven across markets, study finds

February 26th, 2014 by

By Around the Web WASHINGTON (Reuters) - The U.S. housing sector is likely to experience an uneven recovery over the next five years, with some local markets bouncing back faster than others, according to a study released on Wednesda... [ Read More ]