homeownership

Stories 21 - 40 | << Prev   Next >>

Great Time to Buy? This Renter Says No Thanks

Need for mobility trumps low prices: Justin Martin

(Newser) - Realtors scratching their heads at why more would-be homebuyers aren't jumping at record low mortgage rates will want to read Justin Martin's pro-renting essay in the Christian Science Monitor . In theory, he's the model potential buyer: He's a renter in his 30s with a good job...

Housing Prices Hit New Recession Low

And there's no bottom in sight

(Newser) - The housing industry keeps finding new lows: Today's Case-Shiller price index shows that prices fell in the first quarter to the lowest levels since the crash began, reports the Wall Street Journal . The drop of 4.2%, on top of last quarter's 3.6% drop, is evidence of...

US: OK, Not Everyone Needs to Own a Home

Plan to dissolve Fannie and Freddie marks a shift in philosophy

(Newser) - The federal government is having a change of heart about what constitutes the American Dream. It long pushed the notion that people should own homes—one of the factors blamed for the housing mess—but a new proposal to dissolve Fannie and Freddie marks a pullback from that philosophy, reports...

10 Reasons to Buy a House
 10 Reasons to Buy a House 
Sep 19, 2010 6:35 AM CDT

10 Reasons to Buy a House

Housing market gloom is over-hyped

(Newser) - Has the housing crisis scared you out of the market? Too bad, because there are still many good reasons to buy, writes Brett Arends in the Wall Street Journal . A few points to consider before hopping on the first train to rents-ville:
  • You could get a deal: Prices are down—
...

Home Repos Hit Recession High

US on track for 1M foreclosures this year

(Newser) - Lenders took back more homes in August than any month since the start of the US mortgage crisis. The increase in home repossessions came even as the number of properties entering the foreclosure process slowed for the seventh month in a row, RealtyTrac said today. In all, banks repossessed 95,...

Foreclosures on Pricey Properties Pick Up

Well-to-do buyers weren't immune to wacky loans, and they're coming due

(Newser) - The country's most expensive homes are now making up a larger segment of foreclosures in the most recent spike of mortgage defaults. An analysis of recent data shows that 30% of June foreclosures involved homes valued in the top third based on location; that’s up from just 16% at...

Don't Hate Me: I'm Just Here to Clean Up
 Don't Hate Me: 
 I'm Just Here 
 to Clean Up 
FORECLOSURE FRONTLINES
Sep 30, 2009 12:07 PM CDT

Don't Hate Me: I'm Just Here to Clean Up

Clearing the detritus of owners' dreams from bank-owned homes

(Newser) - Cindy Reid doesn’t want you to think she and her boss—and boyfriend—are the “bad guys.” But it is difficult when her man is the one “you never want to see pull up to your house. He has eyes that go flat when you offer ...

In Recession, Homeowners Nail Contractors

As many vie for projects, consumer gains the upper hand

(Newser) - Hiring a contractor to remodel a kitchen or resurface a floor once meant a lot of hassle and some serious cash. But the recession has changed all that: Contractors these days are ready and willing to work on the cheap, Time reports. Projects are smaller, and spending on remodeling is...

Nukes? Climate Change? Love 'Em to Death

Newsweek scribe lists a few issues pundits may misunderstand

(Newser) - Few so-called experts predicted the subprime meltdown or the September 11 attacks, Jacob Weisberg writes in Newsweek—so what else might the pundits be wrong about?
  • Nukes are bad: An influential political scientist “argues that possessing nukes induces restraint and caution, causing irresponsible regimes to behave more responsibly.”
...

Exurbs, Once Meccas for Homeowners, Now for Rent

Economy trumps plans for thriving communities

(Newser) - Not long ago, the exurbs were were among the fastest-growing parts of the country, drawing people seeking to own affordable homes on sizable pieces of property. But after waves of foreclosures and soaring unemployment, more and more people are turning to renting. Renting keeps landlords afloat, but it also drives...

How Bush Fueled the Mortgage Mess
 How Bush 
 Fueled the 
 Mortgage 
 Mess 
ANALYSIS
Dec 21, 2008 6:52 AM CST

How Bush Fueled the Mortgage Mess

His philosophy at center of housing crisis

(Newser) - A range of factors led to the housing crisis that dragged the economy into the toilet—but President Bush’s philosophy likely played a key role in the collapse, reports the New York Times. Dozens of interviews point to both Bush’s drive to expand homeownership and his steadfast belief...

Cities Fight Urban Blight With Free College Tuition

'Promise Communities' are tried across the country

(Newser) - Cities on the decline across the country are testing a new strategy to stem urban decline: Families who buy homes in town get their kids college tuition paid in full. These "promise communities"—about 80 in all—seek to attract new residents and keep upwardly-mobile city dwellers from...

Mortgage Crisis? Blame George Bailey
Mortgage Crisis? Blame George Bailey
OPINION
Oct 12, 2008 1:26 PM CDT

Mortgage Crisis? Blame George Bailey

It's A Wonderful Life hero helped poor buy unaffordable homes

(Newser) - The housing bubble that triggered the current economic crisis began with a post-Depression attitude toward owning a home presented in the classic Christmas flick It’s a Wonderful Life, writes Ross Douthat in the Washington Post. Hero banker George Bailey’s chief goal was to loan the poor enough money...

What's So Great About Home Ownership?
What's So Great About Home Ownership?
Opinion
Jun 23, 2008 8:45 AM CDT

What's So Great About Home Ownership?

US policy is stacked against renters— for no good reason

(Newser) - “Owning a home lies at the heart of the American Dream,” George W. Bush once said, and US policy certainly seems to agree with him. Mortgage interest is tax deductible, and government-sponsored enterprises such as Fannie Mae provide cheap financing for home buyers. Why is that, asks Paul...

Rise in Renters Wiping Out Gains in Homeownership

Effects of subprime crisis evident as percentage of owners drops

(Newser) - Americans are shifting from being homeowners to renters in rising numbers, the New York Times reports, all but wiping out gains made during the boom. The percentage of homes headed by homeowners dropped from 69.1% to 67.8% this year, which sounds modest, but is, in fact, the biggest...

New Wave of Foreclosures Expected in '09

ARM holders will see payments soar as their mortgages reset

(Newser) - America’s subprime victims may have grudgingly accepted their fate, but there’s a new class of borrowers primed to suffer, BusinessWeek reports. Homeowners who took out ARMs, or adjustable rate mortgages, will soon face skyrocketing payments as their loans reset. About a million people have the mortgages, but only...

'Evangelist' Renter: Time to Buy
 'Evangelist' Renter: Time to Buy 
ANALYSIS
May 28, 2008 8:32 AM CDT

'Evangelist' Renter: Time to Buy

NYT analyst says buying begins to make sense again

(Newser) - As property prices head back down, a self-proclaimed "evangelist" of renting is trading in the lease for a mortgage. David Leonhardt of the New York Times has been advising people for years not to buy a home and get their money tied up in a housing bubble, but he...

Maybe You Shouldn't Own a Home
Maybe You Shouldn't
Own a Home
OPINION
Apr 20, 2008 3:08 PM CDT

Maybe You Shouldn't Own a Home

Wake up, America: Not everyone can afford the white picket fence

(Newser) - Should all Americans own their dream home? Not really, writes Joshua Riner in the New Republic—only those who can afford one. But Washington made homebuying easy, sparked the subprime crisis, and is now making things worse by buying up risky mortgages. Officials "need to replace the dream of...

DIY Home Care&mdash;Not So Hard
 DIY Home Care—Not So Hard 
Apr 8, 2008 4:04 PM CDT

DIY Home Care—Not So Hard

Homeowners only need a few simple tools and a little know-how

(Newser) - Homeowners can save big bucks on maintenance and keep their houses shipshape by mastering 10 simple skills, Allen Norwood observes for McClatchy Newspapers:
  1. Swap out your door locks: Remove a few bolts and screws and easily replace an existing lock for a new one.
  2. Become familiar with your filters: Note
...

House Could Be Dead Giveaway
 House Could Be Dead Giveaway 
Apr 6, 2008 11:20 AM CDT

House Could Be Dead Giveaway

69-year-old seller will make home's buyer beneficiary of $500K insurance policy

(Newser) - If Bob Fanning dies in the next decade, the buyer of his Wisconsin home—listed at $498,900—will get a half-million dollar payday. That’s because the 69-year-old plans to make the new owner the beneficiary of a 10-year life-insurance policy, a carrot he hopes will sweeten the deal...

Stories 21 - 40 | << Prev   Next >>