One Bedroom is Now Available at The Belvedere
Rare opportunities go fast… This one bedroom condo in prestigious Belvedere is well priced and ready to go. The Belvedere is one of the most sought after luxury developments in Boston, conveniently adjacent to luxury Prudential Mall, full time concierge, in-house chef and garage parking are only a few of the luxury amenities The Belvedere [...]
President Bush To Sign Housing Bill
President Bush dropped his opposition to new legislation designed to shore up the housing market, White House press secretary Dana Perino told reporters . Treasury Secretary Henry Paulson says the bill, which is moving swiftly through Congress, should help turn around the housing downturn. The president could sign the bill into law by the end [...]
Sale-leaseback Agreements Gain Popularity
With the threat of foreclosure looming for a growing number of homeowners, some are trying more unconventional methods to avoid losing their home. The Wall Street Journal reports that real estate agents are seeing an increase in sale-leasebacks, in which homeowners sell their home and then rent it back from the new owner. Although the [...]
Homebuyers Expect Market to Improve
Will a new U.S. president help turn around the housing market? Many homebuyers seem to think so. A new Harris Interactive survey commissioned by Move, Inc., finds that 44 percent of homebuyers believe the housing market will improve once a new president takes office next January.Nearly half (48 percent) of women and 41 percent of [...]
Fed Announces New Rules for Mortgage Lenders
The Federal Reserve Board on Monday announced rule changes for home mortgage lenders to help protect consumers from deceptive lending practices. The new rules, which amend Regulation Z of the Truth in Lending Act, adds four key protections for higher-priced mortgage loans.
-Prepayment penalties will be banned if the payment can change in the initial four [...]
New Study Tracks Home Price, Supply, Demand Trends
For-sale home listing prices declined in 11 of 26 markets surveyed in June while prices increased in 15 others, according to Real-Time Housing Market Update, published by Altos Research and Real IQ, a real-time real estate market research firm. The study’s 10-City Composite Index finds that home prices slipped 0.5 percent to $512,110 during June [...]
Risk of Home Price Declines Falls in Many Areas: Report
Metropolitan areas that experienced rapid home price appreciation during the housing boom are at a higher risk of continuing price declines over the next two years than cities that had more modest increases, according to a study by PMI Mortgage Insurance Co. The Summer 2008 U.S. Market Risk Index ranks the nation’s 50 largest metro [...]
MSN Ranks Bargain Markets
While some major cities are experiencing falling home prices, several hidden gems in the central part of the United States offer affordable and appreciating housing, strong local economies and a good quality of life, according to the 2008 MSN Real Estate Most-Livable Bargain Markets list. The largest 100 U.S. cities were evaluated based on several [...]
