More news sites here:



Trouble with the mortgage? Don't panic

Homeowners having trouble making the house payment have lots of company, and they have lots of ways to save their homes. The best way is...


Appraiser insists it's nothing personal

Eric Schwartz is a member of the national board of directors for the Appraisal Institute and has been an appraiser since 1979. He recently was asked...


Renters? lament

I moved into a studio apartment in SoMa in May. The apartment downstairs rented for $850 in May and went vacant end of September. That apartment is now being shopped for $200 more a month. - Thomas Xavier, 33, SoMa, S.F. Same thing happened in Vail and Aspen.


Home sales in Bay Area crash to 20-year low after jumbo loan cuts

Bay Area homes sales sank to a two-decade low in September, as tighter lending standards walloped an already-declining market.


Facebook app brings power of network to home buying, selling

A new application for the popular Facebook online social networking site allows users to enlist the help of their group of contacts in buying or selling a home. The LivePads application, available at http://apps.


Small Refrigerators Are A Cool Gift for Wine Lovers

These mini fridges, which can be both stylish and practical, make a fine holiday present. Several are available this year at reasonable prices.


Bay Area rents jump, especially in S.F. and San Jose

Even as Bay Area home values weaken, a new report shows rents are soaring - indicative of the curious mix of a sturdy economy and a faltering housing market.


More desperate developers selling homes through auctions

As Marcus Ison moved his belongings into his new townhouse in San Pablo’s Devon Square development last week, he had mixed feelings.


Jackson: Lenders prey on minorities in Detroit

Accusing unscrupulous lenders of targeting Detroit minorities for subprime loans, the Rev. Jesse Jackson on Thursday called for a moratorium on foreclosures and increased regulation of the mortgage industry.


Miami's Office Market Is Solid Despite Real-Estate Slump

While the city has been hit hard by the housing bust, the problems haven't spread to the metro's commercial sector so far.


A New Master-Planned City In the Works for South Korea

The developers of Songdo City have moved up their schedule. Plus, Urban Retail Properties is getting back into the game with a little help from a big California pension fund.


Index of Construction Offers Gloomier Outlook

The Architecture Billings Index fell last month to 51.1 from 53.9 in August and down significantly since its near historic high of 60 in July.


Metro home sales continue to decline

September continued to be a disappointing month for real estate developers, agents and homeowners, according to reports released Monday.


Housing slump hits Quicken

Livonia-based mortgage giant freezes hiring temporarily, retrains personnel, adds products to ward off sting of loan crisis.


Granholm offers life raft for homeowners

Gov. Jennifer Granholm proposed Friday the creation of a new mortgage financing option which could rescue some of the 83,000 Michigan homeowners who are projected to face home foreclosures by the end of the year.


Paulson Says Housing Is Likely To Adversely Affect Economy

U.S. Treasury Secretary Henry Paulson called for an aggressive response to the real-estate crunch, which he said presents 'the most significant current risk to our economy.'


Water-Park Vacation Homes And Boomer Roommates

In this week's survey of real-estate news from across the Web Open House looks at a new type of waterfront property, baby-boomer women who are becoming roomies, why remodeling and McMansions may fall out of fashion, and what's triggering foreclosures in San Francisco's Bay Area.


Bernanke Expects More Fallout From Housing Downturn

Ben Bernanke said the housing downturn is likely to remain 'a significant drag' on economic growth through early 2008.


D.R. Horton Posts 39% Drop in Orders

The cancellation rate at the nation's largest home builder continued to surge. The company's chairman expects the housing market to remain 'challenging.'


Builders Turn to Credit Repair To Help Consumers Buy Homes

Hovnanian and other home builders are offering programs that help consumers get a traditional loan.


Paulson Urges Action on Housing Crisis

Treasury Secretary Henry Paulson called Tuesday for an aggressive response to deal with an unfolding housing crisis that he said presents a significant risk to the economy.


Fed chief says uncertainty remains over credit availability, cost

The housing slump is expected to stymie U.S. economic growth through early 2008, Federal Reserve Chairman Ben S. Bernanke said during a speech Monday at the Economic Club of New York.


Sweetening Home Sales By Offering Selling Incentives

In markets with a glut of residences for sale some sellers are making appeals to agents in the form of cash bonuses, gift cards or other extras without the knowledge of buyers.


'Lost' Regular Lists House in Oahu

Actor Terry O'Quinn is selling his home. The Manhattan condo that Latin pop star Ricky Martin sold last year is back on the market, and Colorado's Last Dollar Ranch sold for $6.27 million.


How Housing Turmoil Could Hurt Republicans in '08

The real-estate crunch is most severe in some of the most hotly contested political battleground states, a trend that could spell trouble for Republicans in 2008.

Copyright © The Estate News | |