How much residents of each state owe on their mortgages is an interesting statistic. For the most part, residents of the states with the highest average mortgage debt are not in trouble. While the average home price in these ... Read More »
LEHIGH ACRES, Fla. -- At Our Daily Bread Food Pantry, the conversation often centers on real estate. Once taboo details -- home values and what people paid for their properties -- are casually discussed, and there appears to ... Read More »
There's something about that "Open House" sign that acts like a magnet. Whether you're looking for a new place to live, keeping tabs on real estate in your neighborhood, or just angling for a sneak peek at someone else's ... Read More »
British chef, restaurateur and television personality Gordon Ramsay is officially crossing the pond, having just snagged a $6.75 million luxury mansion in Los Angeles, Calif. The famously hot-tempered "Hell's Kitchen" and ... Read More »
British chef, restaurateur and television personality Gordon Ramsay is officially crossing the pond, having just snagged a $6.75 million luxury mansion in Los Angeles, Calif. The famously hot-tempered "Hell's Kitchen" and "MasterChef" star's new 7,413-square-foot home is located in the prestigious guard-gated ... Continue Reading »
LOS ANGELES -- Foreclosures made up a smaller slice of all U.S. homes sold in last year's third quarter, as banks delayed placing properties for sale and home sales slowed. Despite the decline, foreclosures still represented 20 percent of all homes sold in the July-September period -- about four times more than at the ... Continue Reading »
The Federal Reserve announced today that they will keep interest rates low until at least late 2014 in an effort to help jump-start the sluggish economy by making it less expensive to borrow money across all segments of the economy. What this means for homebuyers and current homeowners is that mortgage rates for a ... Continue Reading »
Lately we've been obsessed with homes in the Great Outdoors. There's just nothing more appealing than a ranch home with wood-burning fireplaces and a view of a sunlit lake and endless acres of glorious green. Or maybe it's just because we're from New York. Whatever it is, River Bend Ranch in Jackson Hole, Wyo., is a ... Continue Reading »
By Conor Humphries DUBLIN -- Giving new meaning to "money pit," an unemployed Irish artist has built a home from the shredded remains of 1.4 billion euros ($1.82 billion), a monument to the "madness" that he says has been wrought on Ireland by the single currency, from a spectacular construction boom to a wrenching ... Continue Reading »
By Jon Prior Even if the promising mortgage refinancing plan that President Obama announced Tuesday night passes Congress, critics say it will fall short of solving the deepest housing problems. The White House did not release great amounts of detail, but the plan would help homeowners current on their mortgage to ... Continue Reading »
Why escape to California wine country every summer when you can just live there, all year-round? Can't afford it? It's OK, neither can we. But in the meantime, here's another dream-worthy home we can add to our wish lists. This stunning, $16.95 million Spanish-Mediterranean style mansion in Napa, Calif., is located ... Continue Reading »
Sometimes homeowners associations get a bad rap. As nettlesome as some of their bylaws may be, the organizations, after all, never force anyone to live in their neighborhoods. If someone chooses to live within an HOA community, apologists say, they should be prepared to abide by its rules and pay the penalties if they ... Continue Reading »
By Erika Riggs After a barrage of pressure to release his tax forms, former Massachusetts governor Mitt Romney reported his income, confirming what most already knew: He's the wealthiest of the GOP candidates, earning $43 million over the past two years. While much of Romney's assets comes from his tenure at Bain ... Continue Reading »
Freddie Mac paid a consulting firm headed by Republican presidential nominee Newt Gingrich a $25,000 monthly retainer in 2006, according to documents released by The Gingrich Group on Monday night. The contract capped the retainer at $300,000 for the year. Gingrich decided to release the documents ahead of the debate, ... Continue Reading »
The mid-century-styled home of the late President Gerald R. Ford and his wife is up for sale for $1.699 million, a Realtor announced today. The 6,316-square-foot estate in Palm Desert looks over the 13th fairway of the Thunderbird Country Club, and served as the California retreat for the couple after leaving they left ... Continue Reading »
WASHINGTON -- The nation's five largest mortgage lenders have agreed to overhaul their industry after deceptive foreclosure practices drove homeowners out of their homes, government officials said Monday. A draft settlement between the banks and U.S. states has been sent to state officials for review. Those who lost ... Continue Reading »
