Thursday, March 11, 2010

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Courtesy of online.wsj.com:

Monday, March 8, 2010 As of 2:59 PM EST

Home Supply Rises The number of homes listed for sale increased in many metropolitan areas in February.

Home-Saving Moves Afoot Pressure is growing on U.S. banks to ease terms for distressed homeowners on home-equity loans and other second-lien mortgages.

Homeowners Hold Ground Against Rising Property Taxes Property owners are taking action across the country as tax bills continue rising, even as home values have tumbled.

Aerosmith's Kramer Sells Home Aerosmith drummer Joey Kramer sells his house for $2.7 million; a Los Cabos, Mexico, property linked to Edra Blixseth goes on the market and Larry Hagman cuts the price of his Ojai, Calif., estate.

Study Sees FHA Taking More Risk Loans backed by the Federal Housing Administration may have a higher risk of default than the agency has predicted, a group of economists says.

Mortgage Rates Fall With Home Demand Rates on mortgages generally declined this week, with the average rate on 30-year fixed-rate mortgages retreating below 5%, according to a weekly survey by Freddie Mac.

Bidder on Foreclosed Las Vegas Homes Dies Jonathan Griffin, a onetime high-school dropout who became a leading bidder for foreclosed homes in Las Vegas, has died at 27.

Home Builder Hovnanian Swings to Profit Hovnanian swung to a profit, becoming the latest home builder to benefit from a federal tax credit while reporting fewer write-downs and its lowest cancellation rate since 2005.

Multifamily-Home Builders Inch Back Operators are betting that limited new supply, combined with an improving economy, will lead to ideal market conditions nationwide starting in 2011 or 2012.

Banks Begin to Rein In Branch Boom Say goodbye to the building boom that made it seem like there was a bank branch on every corner. The total number of branches in the U.S. is on pace to decline for the first time since 2002.

Mall Owner: Antitrust Isn't Issue Simon Properties' CEO says antitrust issues won't be a problem in its bid for rival mall owner General Growth Properties.

When It's OK to Walk Away From Your Home Millions of Americans are now deeply underwater on their mortgage. If you're among them, you need to stop living in a dream world and give serious thought to walking away from the debt.

Baby, It's Iconic Outside Homes looking out on famous landmarks in New york, Seattle, and Virginia.

Software Billionaire Lists Ranch Also in this Private Properties column: GoDaddy.com founder buys a Hawaiian home built by Cher, and a philanthropist cuts her $100 million listing by 52%.

Monday, March 1, 2010 As of 1:11 PM EST

When It's OK to Walk Away From Your Home Millions of Americans are now deeply underwater on their mortgage. If you're among them, you need to stop living in a dream world and give serious thought to walking away from the debt.

Less Red Ink at Freddie in '09 Freddie Mac posted a smaller loss for 2009 and said for the third consecutive quarter that it didn't need to ask the government for more bailout cash.

Bubble Fears Rise in Hong Kong Strong results in a Hong Kong government land auction are the latest sign that the real-estate market is surging higher after a brief lull, as officials grapple with how to cool off overheating property prices.

Getting Rid of the Fireplaces Striving to keep within her renovation budget, our diarist gets rid of several fireplaces and other historic details in her Harlem brownstone. Friends, family and outside observers are appalled.

Vegas House Bargains Dry Up Bargain hunters in Las Vegas and elsewhere are finding increasingly difficult to find foreclosed homes at reasonable prices in neighborhoods where people with jobs want to live.

One Bedroom, Hundreds of Pots A collector has turned his 850-square-foot New York apartment into an homage to premodern cooking.

Snowy Sell A Maryland homeowner whose house is buried in the white stuff wonders if she should put off listing until spring. June Fletcher says no. With home buyer tax credits set to expire at the end of April, it's better to sell now.

Danielle Steel's Beach Story The author declares independence at her heart-themed coastal home.

How T Cash for Appliances Is the old fridge about to kick-it? Boiler making sounds it shouldn't? If you're in the market for a replacement, new rebates are kicking in now as part of the federal government's "Cash for Appliances" program.

What's Next: Architecture Japan's Shigeru Ban has shaken up the world of architecture with innovations that include paper buildings to provide fast shelter after earthquakes. What lies ahead for his field?

Harvard Tests Market for Property Bets Harvard's endowment is looking to sell up to $500 million of its real-estate portfolio—if the price is right—as it seeks to cut its exposure to the troubled property market.

Landlords Catch a Break Because real-estate prices have fallen much faster than rents, the math of buying a rental property has actually improved substantially in most areas.

Director Buys Financier's Home This Private Properties column also looks at a listing by fashion designer Valentino's longtime companion and a sale by HBO Co-President Richard Plepler.

New York Lender, Burned but Resolute In 2006, Long Island banker Bradley E. Rock was one of the industry's loudest opponents of a proposed crackdown on lending. Now his bank is a dramatic example of what regulators were so worried about.

U.S. Mortgage Delinquencies Edge Down Fewer people fell behind on mortgage payments in last year's fourth quarter, a sign the default crisis may be peaking, the Mortgage Bankers Association reported.

 


1508061

Sean Seckar - RE/MAX of Santa Clarita
DRE License # 1336429
Ph: 661-644-2945  -  Fax: 661-554-5659
25101 The Old Road
Santa Clarita, CA 91381
www.seanseckar.com

 

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