Real Estate
A MarketWatch Realty Q&A column originally published on Sept. 3 misstated the date that the ALTA Owners Policy form was adopted. The policy was adopted on June 17, 2006, not June 17, 2010. See corrected story.
Detroit is the most stressful U.S. city in which to live, according to Portfolio.com’s list of places where residents are most frazzled.
The real-estate industry was abuzz with chatter earlier this week about the government offering another home-buyer tax credit, after Shaun Donovan, HUD secretary, said on CNN that it was too early to tell if the credit would make a return.
Real Estate Headlines
In this week's Realty Q&A, a retiree says his only debt is his $94,000 mortgage, and he wonders whether he should tap his 401(k) to pay off that bill. Lew Sichelman offers some advice.
12:01 a.m. Sept. 3, 2010Children could be prevented from realizing their potential in school and, eventually, the labor force as consequences from the problem of home foreclosures last for years, a pair of Federal bank officials say in a conference on neighborhood stabilization.
12:52 p.m. Sept. 2, 2010Fixed-rate mortgages and 5-year ARMS are at record lows this week.
10:40 a.m. Sept. 2, 2010
The National Weather Service warned communities from Bogue Inlet, N.C., to the North Carolina-Virginia border to brace for hurricane-force winds.
7:05 p.m. Sept. 1, 2010A growing number of homeowners are choosing to pay down their mortgages at a faster rate -- even if it means a substantial jump in their monthly payments.
12:01 a.m. Aug. 30, 2010LONDON (MarketWatch) -- The average British house price fell 0.3% in August to 158,200 pounds ($243,944), after a 0.1% decline in July, property consultant Hometrack said Monday. The average price was up 1.5% compared to August 2009. The August survey showed a widening imbalance between supply and demand, Hometrack said, with the number of new buyers registering with agents down 2.2% while the number of properties on the market rose by 2.4%. "The housing market is in the process of a modest re-pricing that is likely to run for the next 6 to 12 months," said Richard Donnell, research director at Hometrack. "This follows a period of 18 months over which house prices have firmed rapidly on the back of a potent mix of rising demand and a chronic lack of housing for sale."
7:01 p.m. Aug. 29, 2010First-time home buyers are retreating from the housing market, accounting for only 39% of home purchases in July, down from 48% in March, according to the latest Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions, released this week.
5:02 p.m. Aug. 27, 2010An employee at a home-loan modification "law firm" offers a word of warning about the services offered by the company for which he works.
1:54 p.m. Aug. 27, 2010Video
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