Posts Tagged ‘ homeowners ’

Growth in Basement Remodeling Undeterred by Sluggish Housing Market

Nov 10th, 2008 | By RT Staff | Category: Financial News

“If You Can’t Sell, Remodel” has become the unofficial slogan for legions of American homeowners convinced that basement remodeling provides a practical alternative to labored attempts to sell homes for profit amid an economic and housing downturn. In the all-new report, Trends and Opportunities in the U.S. Basement Remodeling Market, market research publisher SBI forecasts [...]



212,000 borrowers avoid foreclosure in September

Oct 27th, 2008 | By RT Staff | Category: Financial News

Mortgage lenders have helped nearly 2.5 million troubled homeowners avoid foreclosure since the mortgage meltdown began in the summer of 2007.
That’s according to the latest report from Hope Now, the coalition of banks, mortgage-securities investors and housing counselors formed by the Bush administration to stem the foreclosure crisis.
Hope Now members helped 212,000 borrowers stay in [...]



US foreclosure filings up 71 percent in 3Q

Oct 23rd, 2008 | By Gregory Arzumanov | Category: Housing News

The number of homeowners ensnared in the foreclosure crisis grew by more than 70 percent in the third quarter of this year compared with the same period in 2007, according to data released Thursday.
Nationwide, nearly 766,000 homes received at least one foreclosure-related notice from July through September, up 71 percent from a year earlier, said [...]



Smoke Stinks in a Slow Real Estate Market

Oct 21st, 2008 | By RT Staff | Category: Housing News

As “For Sale” signs dot yards throughout Florida, plummeting sales and home prices and soaring foreclosures signal that the housing crisis continues to deepen. When the real estate market is competitive, a home with a pungent odor such as cigarettes can make or break the deal. According to a 2008 Home Features Survey done by [...]



‘Hope for Homeowners’ – Government Mortgage Help Program

Oct 15th, 2008 | By RT Staff | Category: Housing News

During October, amid the hubbub surrounding the U.S. government’s financial rescue plan, the government put into effect an element of economic rescue designed to help homeowners struggling with their mortgages. The intent of the “Hope for Homeowners” plan is to help homeowners who are at risk of losing their homes, while also working to stabilize [...]



If You Can’t Sell It, Why Not Rent Your Home?

Oct 9th, 2008 | By RT Staff | Category: Housing News

The nation’s painful housing bust has put sellers in a serious lurch. To get their properties sold, many sellers will have to make sharp reductions to their asking prices-a necessary evil that can rob the investment of its return. But Danielle Babb has a different idea. In her book, The Accidental Landlord, Babb describes how [...]



US housing costs soared as incomes lagged

Oct 8th, 2008 | By Gregory Arzumanov | Category: Housing News, West Region

LOS ANGELES – Oct. 8, 2008 – The financial squeeze on Americans got tighter over the last decade as housing expenses – everything from mortgage payments and rent, to utilities and insurance – far outpaced the growth in incomes, a new study shows.
Overall, yearly housing costs rose by an average of $5,314, or nearly 65 [...]



Annual Fall Real Estate Auction in Wyoming

Aug 27th, 2008 | By RT Staff | Category: Real Estate Auctions, West Region

Jackson Hole Auction Company (www.jacksonholeauctions.com) announces the Annual Fall Real Estate Auction from Eastern Idaho to Jackson Hole and across Wyoming on September 20, according to William F. Burke CAI AARE, auctioneer and president of the company.
Burke said, “We are actively seeking property owners in the Jackson Hole market areas who want to auction their [...]



Housing market crisis helps couples stay together

Aug 21st, 2008 | By RT Staff | Category: Housing News

Divorce is rarely an easy process, and falling home values and sluggish real-estate sales are combining to make it particularly difficult right now.
Couples aren’t fighting over who gets to keep the house. They’re scrambling to get away from the burden of it. It’s too soon to see the trend in official statistics; the most recent [...]



Zillow Finds Homeowners Confident in Own Home Value

Aug 8th, 2008 | By Gregory Arzumanov | Category: Housing News

Forget the phrase “Not in my backyard.” These days, homeowners are thinking “Not my house!”
That, at least, is the sentiment revealed in a survey from the real-estate data company Zillow.com, which each quarter conducts a survey to gauge homeowner confidence in the health of the housing market. Zillow.com, based in Seattle, is a website that [...]