Topic: Real Estate

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Top 10 places to buy a foreclosed home

Here are the Top 10 metropolitan areas to buy a foreclosed home, according to RealtyTrac:
Meet the nine richest self-made women

Forbes has released its annual billionaires list, and nestled among the usual suspects were women who have made or helped make their own fortunes, in industries ranging from television to real estate to clothing. These are the nine richest self-made women on Forbes 2013 Billionaires List.
10 weird criminal sentences

Check out these 10 court cases where judges have done more than sentence the guilty to a fine or jail time.
Beyond the 'fiscal cliff': 6 reasons to be optimistic about America's future

As Americans take stock of 2012 and gear up for 2013, it's tempting to adopt "decline think" about the country, especially since there is still no deal to avoid the "fiscal cliff" of steep budget cuts and tax increases. But here are six reasons Americans should still be optimistic about their future.
Top 10 metros for job growth

Some metropolitan areas have a booming jobs market, thanks to energy, manufacturing, or sometimes just the right mix of highly diversified industries. Here's a look at the 10 metros that have seen the largest percentage increase in jobs over the past 12 months:

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Paper Economy Existing home sales rise in April

Existing home sales rose 0.6 percent in April and climbed 9.7 percent above the level seen a year ago, according to the National Association of Realtors' Existing Homes Sales Report.
Paper Economy MBA: Mortgage rates jump as applications fall

Mortgage rates jumped 11 basis points to 3.65 percent since last week, according to the latest mortgage rates data from the Mortgage Bankers Association. The purchase application volume declined 3 percent over the same period.
New Jersey sinkhole or forgotten basement? Hole develops in warehouse floor

New Jersey sinkhole? A hole opened up in the floor of a N.J. warehouse Monday. The driver of a forklift escaped serious injury in the apparent New Jersey sinkhole.
After Qaddafi's 'socialism,' Libya tries to untangle who owns what

'No one has the right to build a house, in addition to his own and that of his heirs,' Qaddafi once proclaimed. Now, those who had land confiscated are pressing their claims.
Paper Economy MBA: Mortgage rates flat at 3.47 percent

Mortgage rates went flat at 3.47 percent since last week, according to the latest mortgage rates data from the Mortgage Bankers Association (MBA).
The New Economy Case-Shiller: Home prices in 20 cities rise at fastest rate since 2006

Home prices increased by 9.3 percent, their largest annual margin in nearly seven years. But experts warn that a backlog in some markets could keep home prices low for the foreseeable future.
Paper Economy Pending home sales climb 1.5 percent in March

Pending home sales rose 1.5 percent in March, increasing 7 percent above the level seen a year ago, according to the latest pending home sales data from the National Association of Realtors.
The New Economy Economy picks up, but still disappoints (+video)

GDP expanded at a 2.5 percent annual rate in the first quarter. Economists expect slowdown in GDP growth this summer as sequester takes hold, which already delayed air traffic briefly.
Energy Voices Energy efficiency means lower utility bills, less mortgage risk

The risk of mortgage default is one-third lower for people with energy efficient homes, according to a recent study. Energy efficient homes can save up to $250 per month, Alic writes, an amount that for many households could be the difference between foreclosure and mortgage repayment.
The New Economy New home sales climb 1.5 percent, bolstering housing recovery

New home sales improved again in March. Despite a minor slowdown in existing home sales, analysts are optimistic that the US housing recovery is continuing and that home prices will rise.
Paper Economy Home sales fall 0.6 percent in March

Home sales declined 0.6 percent in March according to the National Association of Realtors' Existing Home Sales report.
USA Update Home prices up 12 percent as investors bet on real estate

The US housing market, long the sluggard in the recovery, builds on its rebound, with prices of existing homes up 12 percent last month from a year ago. In a twist, many buyers aren't individuals but rather corporate investors.
Paper Economy Mortgage rates drop to 3.52 percent

Mortgage rates declined 4 basis points to 3.52 percent since last week, according to the latest mortgage rates data from the Mortgage Bankers Association.
Paper Economy Retail sales down in March

Retail sales declined 0.4 percent in March 2013, according to the US Census Bureau's latest nominal read of retail sales.
Spaceflight conference: No NASA reps, but Sigourney Weaver is there

NASA banned employees from attending the annual National Space Symposium in Colorado Springs. But 'Alien' star Sigourney Weaver will be there.
The Simple Dollar Planning for the future? Why pessimism is more productive.

Anticipating future wealth informs major financial decisions, and that can be a good or bad thing. Being pessimistic about your future earnings is more likely to lead to a positive outcome.
Paper Economy Mortgage rates drop to 3.62 percent

Mortgage rates declined 3 basis points to 3.62 percent since last week, according to the latest mortgage rates data from the Mortgage Bankers Association.
Home prices rising, but troubles for housing market not over, poll says

Home prices notched their biggest year-over-year gains since before the recession. But tight credit and 'under water' mortgages constrain the market, a Christian Science Monitor poll finds.
Fannie Mae record profit: How long until it pays back bailout money?

Fannie Mae, the mortgage giant, made a record $17.2 billion in 2012. So far, it has paid back $36 billion of the $116 billion it received in a US bailout.
Saving Money Tax time is near. Seven commonly overlooked deductions.

Taxes are almost due, and the IRS tax code is full of little-known (yet legal) deductions that you could and should use. Seven pointers from a CPA.
Tax VOX Low home prices: Time to reform the mortgage tax subsidy?

With both interest rates and prices so low, this could be the ideal time to redesign the tax subsidy for home ownership, Gleckman writes. That goes against many who say that the housing market remains so shaky that ending the deduction would send home prices back into a tailspin.
Strong rise in consumer spending caps good week in economic news

Consumer spending went up, so did income and economic output. Consumer confidence was mixed, while home sales took a breather. Here's a roundup of what happened in economic news this week.
Zombie foreclosures: 300,000 'undead' properties stalk ex-owners

Zombie foreclosure: (noun) A home whose owner has abandoned the property but which the bank never finished foreclosing upon, leaving the owner legally and financially responsible for the decaying building.
David Hasselhoff joins campaign to save Berlin Wall (+video)

David Hasselhoff says tearing down a piece of the Berlin Wall is 'like tearing down an Indian burial ground.' David Hasselhoff is hugely popular in Germany.
Paper Economy Mortgage rates rise to 3.67 percent

Mortgage rates increased 9 basis points to 3.67 percent since last week, according to the latest mortgage rates data from the Mortgage Bankers Association.