More couples taking home-buying leap The National Association of Realtors says unmarried couples buying a home together are the second fastest growing segment of American home buyers. In 2007, unmarried couples accounted for 7 percent of all home buyers. Their average age was 32 years old, which makes them the youngest of all first-time home …
Category Archives: Breaking News
Mortgage failures up as home prices fall – 07/25/2008 – MiamiHerald.com
Mortgage failures up as home prices fall As the economy worsened in June, the number of homeowners behind on their mortgages nearly doubled, contributing to prolonged pain for the South Florida housing market. Meanwhile, interest rates on home loans soared this week to their highest point in a year, meaning borrowers looking to buy a …
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Developer of stalled hockey arena is out of time [South Florida]
Developer of stalled hockey arena is out of time [South Florida] Yet the multimillionaire and former president of the AFLAC insurance company is probably best-known here for one of the most visible development flops in the region: the unfinished hockey arena in Lakewood Ranch. Now, as a July 28 foreclosure sale of the land approaches, …
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Novato the mortage meltdown epicenter of Marin [Northern California]
Novato the mortage meltdown epicenter of Marin [Northern California] Kids romping on lawns and workers trimming hedges belie the gloom that hovers over the sprawling Parkhaven complex bordering Miwok Park in northwestern Novato. “For sale” signs are plastered in some windows as 10 residences in the 104-unit development are on the market as foreclosures or …
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Glut in housing, lack of tenants mean better deals | news-press.com | The News-Press
Glut in housing, lack of tenants mean better deals It’s a good time to look for an apartment. Lee County landlords have begun slashing rents and using other incentives to boost sagging occupancy rates brought on by a limp economy. “It’s a smorgasbord of concessions,” said David Malt, broker for Malt Realty, a Fort Myers-based …
Foreclosure defense buys homeowners time
Foreclosure defense buys homeowners time Homeowners facing foreclosure are hiring lawyers to defend them in court against their lenders, during which time they can stay in their homes without paying a cent. As foreclosures continue to mount, borrowers who have run out of options are turning to attorneys to fight back — and they’re living …