Real Estate and Housing

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Foreclosures Can Offer Deals, but Buyer Beware

New York Times - Fri Dec 4, 5:45 pm ET

Houses in foreclosure often sell for 15 to 20 percent less than comparable in the same neighborhood.

News Stories

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A roundup of real estate personnel notices
Naples Daily News - Sat Dec 5, 6:00 am ET
Downing-Frye Realty Inc.Karen Fletcher has joined the agency as a sales associate. Originally from Burlington, Iowa, Fletcher has resided in Florida for 34 years. She most recently was a paralegal and senior closer at First American Title in Naples. Fletcher is a member of the Florida Association of Realtors, the National Association of Realtors , and Bonita Springs-Estero Association of ...
Mortgage-Bond Yields Jump to Highest in Month After Jobs Data
Bloomberg - Fri Dec 4, 12:06 pm ET
Dec. 4 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage securities climbed to the highest in a month amid signs the employment market is improving, signaling that interest rates on new home loans may extend a rebound from record lows.
The housing market remains in flux for buyers
Las Vegas Review-Journal - Sat Dec 5, 5:35 am ET
Recent good news about the housing market has many homebuyers wondering whether now is a good time to buy. For example, home sales activity increased 9.4 percent nationally in September, a 26 percent increase from a low point in January, according to the National Association of Realtors.
Stock rally: Rest or recharge
CNN Money - 2 minutes ago
Wall Street has finally gotten the piece of economic news it has been waiting for: the battered labor market may be starting to heal. But with major stock gauges at their highest levels in more than a year, recovery bets could already be baked into the cake.
New Rules for Counselors
New York Times - Fri Dec 4, 8:34 pm ET
The Federal Housing Administration instituted new standards for counselors who meet with people considering reverse mortgages.
Va. Tech report: Staff warned their families first
AP via Yahoo! News - 47 minutes ago
New details on the response to the first shootings of what would become the Virginia Tech massacre show that at least two administrators alerted their family members well before the rest of the campus was notified that a gunman was on the loose.
Guinea on edge after attack on junta leader
Reuters via Yahoo! News - 59 minutes ago
Guinea's capital was on edge on Saturday following a botched assassination attempt on the head of the ruling junta, with residents bracing for further violence between out-of-control army factions.
Iran says needs 20 nuclear sites: report
Reuters via Yahoo! News - 1 hour 5 minutes ago
Iran said on Saturday it needed 20 uranium enrichment plants to provide fuel for its nuclear power plants, an announcement likely to heighten tension with six major powers over the Islamic state's nuclear ambitions.
Britain’s 3-Wheel Solution to Mobility for the Disabled
New York Times - 1 hour 8 minutes ago
Ian Hellings is considered the world’s most active collector of vehicles built under a British program for wounded veterans and disabled citizens.
Deathtoll in Russian nightclub fire reaches 109
AP via Yahoo! News - 2 hours 11 minutes ago
Russia's top investigative body says the number of people who died in a nightclub fire in the Urals city of Perm has risen to 109.
Medics of the mind head to war
Washington Post - 2 hours 53 minutes ago
Mental-health workers sent to Afghanistan weeks after losing five of their own in Ft. Hood shootings.
Obama vows steps to restart job growth
Reuters via Yahoo! News - 2 hours 56 minutes ago
President Barack Obama pledged on Saturday to do all he could do reignite U.S. job growth as he defended his handling of the economy amid Republican attacks.
Yes, Miky, There Are Rabbis in Montana
New York Times - Sat Dec 5, 5:42 am ET
With a rabbi’s help, a bomb-sniffing dog trained in Israel finally heeds his owner’s commands.
Headwind For Lenders As Fannie, Freddie Bounce Back Loans
Nasdaq - Fri Dec 4, 3:46 pm ET
As home loans sour at a rapid clip, mortgage finance giants Fannie Mae (FNM) and Freddie Mac (FRE) are aggressively bouncing back defectively underwritten loans to lenders. The result: higher loan-loss reserves for the lenders and new headwind for banks trying to escape the housing downturn.
Broker associate receives designation
Press & Sun-Bulletin - Sat Dec 5, 12:10 am ET
VESTAL Kathleen LaBarre received the Certified Residential Specialist designation from the Council of Residential Specialists, a not-for-profit affiliate of the National Association of Realtors.