Browns Summit Real Estate News
Real Estate news for Browns Summit, NC continually updated from thousands of sources.
Yesterday | via National Mortgage News
A final judgment against Bank of America in a mortgage-bond lawsuit by the Securities and Exchange Commission was signed by a federal judge, helping clear the way for the lender to complete a $16.7 billion global settlement of claims it misled investors about risk. The judgment signed yesterday by U.S. District Judge Max O. Cogburn Jr. in Charlotte, North Carolina, bars Bank of America from using deceit or fraud to sell securities. Comment?
Yesterday | via The Virginian-Pilot
U.S. home prices rose in September at the slowest pace in more than two years, reflecting modest sales gains and a rising number of available homes. The Standard & Poor's/Case-Shiller 20-city home price index, released Tuesday, increased 4.9 percent in September from 12 months earlier. Comment?
Tuesday Nov 18 | via Business Journal
Coldwell Banker's Home Listing Report 2014 looked at more than 51,000 home listings in 2,000 communities to come up with the average listing price of a four-bedroom, two-bathroom home. The report offers an extensive price comparison tool that offers some insight into how different communities compare. Comment?
Thursday Nov 13 | via Rebuilding Place in the Urban Space
Yesterday's Post had an article, " Why you're often better off saving for retirement than buying a house ," making the point that in many housing submarkets across the US, prices are stagnant, so people can "make more money" by investing rather than owning a house which isn't likely to appreciate and when the tax benefits of the mortgage deduction are minimal. Comment?
Wednesday Nov 12 | via WBTV
In 2005 it was still a quintessential American dream to buy a home and fix it up for your family. "We purchased this home," Kathryn Diefenderfer said Wednesday as she took WBTV's Melissa Hankins on a tour of her ranch-style house on a wooded lot in the Steele Creek area. Comment?
48 min ago | via This Is Money
The rise in 'part-time' landlords who manage properties themselves is leading to an increased insurance risk because many are not following all of the regulations required by the law, according to new research. Seven per cent of UK adults rent out a property to supplement their main income receiving an average rent of A 678, creating total extra income of nearly A 28 billion a year. Comment?
7 min ago | via The Windsor Star
Sandra Pupatello has been named as one of Canada's top 100 most powerful women executives by the Women's Executive Network. Sandra Pupatello has been named as one of Canada's top 100 most powerful women executives by the Women's Executive Network. Comment?
27 min ago | via The Newberg Graphic
Hillsboro-based immigration attorney Leslie Martinez, a U.S. citizen of Mexican-American descent, watched President Obama's immigration speech on Thursday night. Comment?
32 min ago | via HeraldNet
Thousands of people who lost their homes to foreclosure are now eligible to buy back those properties at current market value if their loans were backed by Fannie Mae or Freddie Mac. Fannie and Freddie previously required borrowers who wanted to repurchase their homes to buy them for whatever amount they owed on the mortgage - even if that amount exceeded the fair market value of the home. Comment?
33 min ago | via The Fresno Bee
CoreLogic, a Santa Ana-based real estate tracking firm, reports this week that Fresno County's foreclosure rate, which measures the percentage of loans in some stage of foreclosure, continues to fall. Last month, the rate of foreclosure among outstanding mortgage loans was 0.79% last month compared to 1.17% a year earlier. Comment?
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