|Filed Under:||Business & Finance / Real Estate|
|Posts on Regator:||2961|
|Posts / Week:||9.9|
|Archived Since:||December 12, 2008|
Rep. Mel Watt (D., N.C.), the incoming director of the regulatory agency that oversees Fannie Mae and Freddie Mac, announced late Friday that he would delay an increase in mortgage fees charged by the housing-finance giants.
Sales of previously owned homes fell 1.2% in November compared to one year ago, the first year-over-year drop in nearly 2½ years, the National Association of Realtors said on Thursday. Here are five reasons why sales have slowed:
ABC News correspondent Amy Robach and her husband Andrew Shue are moving into a new apartment in lower Manhattan, according to sources familiar with the deal.
Lennar Corp. on Wednesday provided hope that the strongest home builders still can scratch out gains in an otherwise lackluster market, but it’s likely too early to declare that the new-home market’s recovery has emerged from its prolonged pause.
London is on top. The city’s West End had the most expensive office space in the world in the third quarter of 2013, according to a report released Wednesday.
The Greenwich, Conn. estate of the late investment banker Michael Biondi has sold for $25 million, according to the agents involved in the deal.
Mortgage costs for borrowers without big down payments and with less-than-perfect credit scores are set to rise next spring.
The seller in Southampton, N.Y., is asking $799,000 for his ranch-style home—or its equivalent value in bitcoin.
Talk of a property bubble has gripped London.
FHA loan limits will fall in around 650 counties in the U.S. and Puerto Rico. The limits are pegged to local home prices, but several changes in how those limits are calculated explain some of the big drops.
Home builder Hovnanian Enterprises Inc. signaled Thursday that the housing market recovery regained some lost ground of late as the builder’s new sales contracts bounced back in October and November.
For the week ended Thursday, the 30-year fixed-rate mortgage averaged 4.42%, compared with 4.46% a week earlier and 3.32% a year earlier.
Tommy Hilfiger co-founder Joel Horowitz has sold his Lake Tahoe estate for $48 million, according to public records.
A recent Weekend Gardener column about cleaning up flower beds for winter prompted a flurry of online comments. Here's a selection.
Marriott International Inc. is stacking two hotels on top of each other to reach higher than any single New York City hotel building ever has.
A Bel Air estate owned by Dole Foods Co. Chairman and Chief Executive David H. Murdock is asking $30 million, according to co-listing agent Jeff Hyland, president of Hilton & Hyland.
Mortgage-finance giants Fannie Mae and Freddie Mac will boost certain fees that they charge lenders, the latest in a series of increases that could raise home-loan borrowing costs for U.S. homeowners.
Sens. Tim Johnson and Mike Crapo, the leaders of the Senate Banking Committee, have asked lawmakers engaged in budget negotiations not to raise loan-guarantee fees charged by Fannie and Freddie to generate new revenue.
Housing's role in generating wealth has diminished.
A look at how Rep. Mel Watt (D., N.C.) could shift the direction of the Federal Housing Finance Agency if he is confirmed to lead the regulator.