Housing boom could storm heartland Could the real estate action be shifting to the heartland – the vast swath of middle America that never really was touched by the hyperinflationary housing boom? That’s what a new statistical analysis of housing price cycles in 100 major metropolitan areas suggests could be over the horizon. Its author, …
Category Archives: Breaking News
PIA of La. Stresses Preparation for 2006 Hurricane Season
PIA of La. Stresses Preparation for 2006 Hurricane Season Due to the upcoming start of Hurricane Season on June 1, the Professional Insurance Agents (PIA) of Louisiana launched a public awareness campaign that includes the following tips for insurance consumers to prepare for the upcoming season, information regarding the availability and affordability of property insurance …
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A storm of trouble
A storm of trouble As coastal residents nervously await the start of a new hurricane season in June, they’re confronting another fright: the exorbitant price and short supply of insurance for wind damage. Huge losses from Hurricane Katrina and other hurricanes in 2004 and 2005 have sent the homeowners insurance industry into a panicked retreat …
Old loan, new interest
Old loan, new interest Driven by capital-gains rules and soaring home appreciation, the appeal is growing for ‘owner- carry’ mortgages. Seller financing, once used to attract buyers forced out of the market by high interest rates on conventional loans, may be making a comeback thanks to California’s handsomely appreciated market and the ceiling on tax-free …
Colorado foreclosure rate still No. 1 in U.S.
Colorado foreclosure rate still No. 1 in U.S. For the second consecutive month, Colorado has the dubious distinction of having the highest foreclosure rate in the nation, the latest sign that the weak, lower-priced housing market continues to plague the economy. The report by RealtyTrac Inc. of Irvine, Calif., shows that 3,706 homes in Colorado …
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Cooling real estate market still leaves many buyers out in cold [South Florida]
Cooling real estate market still leaves many buyers out in cold The cooling real estate market offers a bit of good news for cash-strapped home buyers: The affordability squeeze has eased slightly. But the income needed to buy a typical home is still twice what it was four years ago. Buying a median-priced home in …
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