RealEstateJournal.com Residential Real Estate News
Mortgage Relief Programs Aren't Helping Much Tue, 08 Apr 2008 04:00:00 -0000 Up until now, state efforts to help distressed homeowners refinance have had negligible results. A new federal bill may give them additional tools.
Condo-Hotel Buyers See Investments Sour Tue, 08 Apr 2008 04:00:00 -0000 Many investors who purchased condo hotel rooms during the real-estate boom are wishing they hadn't. Some frustrated owners are bringing these projects to the attention of regulators.
Five Questions to Ask Before Remodeling Tue, 08 Apr 2008 04:00:00 -0000 Before you redo your home make sure you know how big a renovation you can afford and how long you will remain in your residence.
States Move Fast On Mortgage Aid Mon, 07 Apr 2008 04:00:00 -0000 Local governments are acting more aggressively to help homeowners avoid foreclosure, frustrated by what they view as the federal government's inadequate response to the mortgage crisis.
FHA Loans Grow Costly As Banks Add Fees Mon, 07 Apr 2008 04:00:00 -0000 Lenders that make loans insured by the Federal Housing Administration are adding costs and restrictions that make those mortgages more expensive for consumers and less widely available.
Selling History By the Square Foot Mon, 07 Apr 2008 04:00:00 -0000 In a backlash against vinyl-clad McMansions developers are creating communities with houses that look like they were built centuries ago, but with modern trappings.
Unstructured: Editor's Blog of AOL Real Estate
Power of Staging Fri, 04 Apr 2008 19:20:24 -0000 Washington Post Profiles Professional StagerWhile professional stager Lyric Turner admits that she's making less money as a professional stager, she's having a lot more fun doing it.Anyone who has a flair for color and spacing can be a potential stager, but there's no Coldwell Banker of staging or Bachelor's Degree of staging that you can get that will give you credibility. Either you can do it or you can't. Certainly a few months as a regular real estate agent might help you establish some street cred in the marketplace, but no certification is required.Ms. Turner generally charges $5,000 to $6,000 for two months to stage a vacant three bedroom house. Considering that most people are probably looking at a $10K reduction in price if they can't find a buyer, that money is most likely well worth it. She also does consultations for as little as $250.At the same time, I've noticed on HGTV's "Get It Sold", they generally reduce the price first and then stage the home, so it seems like a bit of a bait and switch -- but sellers who have given it a shot on their own are probably likely to try almost anything to get their homes sold. However, on that show, they are usually spending $1,000 or so, so it's not really costing the buyers anything, and on at least a few shows, I've seen a bidding war break out, so they end up getting higher than the list price. Staging also seems to be more effective in condos and town homes that are basically the same. If you are looking to sell your home for top dollar, you may want to ask your agent about working with a stager, or see if one of your friends is an aspiring stager. Maybe they can reorganize your space for free and start building their own portfolio.For More on Staging Your Home. Tags: staging, dc, real estate Two Years of Housing Doom Sun, 01 Jun 2008 16:06:45 -0000 Housing Doom Blog Celebrates Two Year AnniversaryFor you johnny-come-latelies of the housing "correction," these guys have been covering it day and day out for the past two years. Not sure what the exit strategy is for a blog called Housing Doom, but maybe they are buying all these foreclosure properties cheap and just keeping their fingers crossed.A dedicated blog team that deserves more recognition.Tags: housingdoom, anniversaries, real estate Power of the Suburbs Sun, 01 Jun 2008 16:01:29 -0000 Economist Looks at Levittown, Strength of the U.S. SuburbsThought this was an interest "briefing" by our friends across the Atlantic at the Economist and their increasingly U.S. based readership. Particularly this chart, which shows that the almost absurd level of growth in the suburbs from 2000 to 2006. Defying stereotypes about "houses made of ticky tacky" you can see the large influx of diversity. What is not shown, but is mentioned in the article, is the influx of same-sex couples into the suburbs. "Between 1990 and 2006 the city of Chicago added 50,000 residents,
reversing a long decline. Not bad -- but in the same period the sprawling
metropolis outside the city proper grew by well over a million."While you may hear a lot about how great downtown living is, or how cities are offering more of the modern conveniences, at least until now, that has really not been the case in most American cities. However, was surprised the Economist did not take the story one step further, and examine how the rising gas prices and foreclosures may hurt the suburbs more than the cities, by making proximity to public transportation more compelling. While foreclosures may be an inconvenience in a city like Boston or New York, they are devastating to suburban markets such as Stockton, Ca., and other Western exurbs. So, while this article did a great job of showing the power of suburbs in the last half decade, one can only wonder if things are already changing, or will it just be more of the same.Tags: suburbs, real estate, economist aoljurlAdd, aoljurlAdd_1
HUD Press Releases
BUSH ADMINISTRATION ANNOUNCES $50 MILLION IN HOUSING COUNSELING GRANTS TO NEARLY 400 NATIONAL, STATE AND LOCAL AGENCIES Fri, 03 Oct 2008 12:00:00 -0000 WASHINGTON - Hundreds of thousands of American families will have a greater opportunity to find housing or keep the homes they have because of $50 million in housing counseling and counseling training grants announced today by U.S. Housing and Urban Development Secretary Steve Preston. U.S. Housing and Urban Development Secretary Steve Preston Statement on House Passage of the Community Partnership to End Homeless Act Thu, 02 Oct 2008 12:00:00 -0000 "I would like to commend the House of Representatives for its passage of H.R. 7221, the Community Partnership to End Homelessness Act. This important piece of legislation will consolidate HUD's competitive homeless assistance programs, and will make it immeasurably easier for local housing and service providers to access and use our funding. HUD TO HOST NATIONAL HOUSING SUMMIT IN WASHINGTON Wed, 01 Oct 2008 12:00:00 -0000 WASHINGTON - Federal, state, and community leaders from around the nation will be gathering in Washington next week for a two-day national Summit on Housing sponsored by the U.S. Department of Housing and Urban Development. HUD Secretary Steve Preston invited key housing and finance staffs from state, city and county government, as well as representatives from the banking and housing industries, non-profit organizations, and foundations to address the country's urgent and long-term housing issues. BUSH ADMINISTRATION LAUNCHES "HOPE FOR HOMEOWNERS" PROGRAM TO HELP MORE STRUGGLING FAMILIES KEEP THEIR HOMES Wed, 01 Oct 2008 12:00:00 -0000 WASHINGTON - The Bush Administration today unveiled additional mortgage assistance for homeowners at risk of foreclosure. The HOPE for Homeowners program will refinance mortgages for borrowers who are having difficulty making their payments, but can afford a new loan insured by HUD's Federal Housing Administration (FHA). HUD ENCOURAGES TEXAS AND LOUISIANA LANDLORDS TO LIST VACANCIES IN THE NATIONAL HOUSING LOCATOR SYSTEM TO HELP DISPLACED FAMILIES Tue, 30 Sep 2008 12:00:00 -0000 WASHINGTON - The U.S. Department of Housing and Urban Development is appealing to landlords in Texas and Louisiana to list their vacant properties on HUD's National Housing Locator System (NHLS). Working with federal and private housing databases, HUD uses this web-based system to offer thousands of displaced families referrals to longer term housing.
PopularMechanics.com - Home Journal: How Your House Works
The Ultimate Guide to Walls: How Your House Works Fri, 03 Oct 2008 00:00:00 -0400 To a large extent, it's the walls that define your home. They're what you see day after day, at all hours, in any weather. A home's walls enclose, strengthen and hold secrets. Here's what's on them and in them.
Roof Repair Basics: How Your House Works Fri, 04 Apr 2008 00:00:00 -0400 The common denominator in all roofing is that several layers work together as a system. Understanding how this system works can help you talk knowledgeably with a contractor, or help you make buying decisions to do your own work.
How Your House Works: Insulation Thu, 14 Sep 2006 00:00:00 -0400 Holy R-value, batt-man! The war between heat, cold and moisture inside your walls.
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