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  2. Real Estate 411
    3. (Page 9)

Real Estate 411

Banks: No Exceptions for Short Sales

 Increasingly, sellers seeking short sales are encountering a new twist. Lenders are agreeing to let some short sales go through, but they want the home owners to sign a note promising to pay some or all of the balance due – debts that could burden borrowers for the rest of their lives. Moody’s Economy.com estimates […]

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Foreign Buyers Bolster NYC Real Estate

New York City has been nearly immune to the housing slowdown. And thanks to foreign buyers, that may continue. In Manhattan, where the median home costs exceed $1 million, prices were actually up 14 percent in the second quarter of 2008 compared with 2007. And prices in desirable suburbs have held steady. Now home sellers, […]

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Buying Makes Sense in These 66 Metros

It’s more affordable to buy than to rent in many U.S. markets, according to data compiled by the National Low Income Housing Coalition. Of the 100 most populous metro areas, 57 have average three-bedroom rental costs higher than the cost of a 6-percent interest rate loan for a typical low-priced house, the coalition said in […]

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Why This Autumn is a Great Time to Buy

This fall could be a particularly great time for first-time or buyers long out of the market to jump in, say a variety of real estate professionals. Here are the reasons why: Prices are probably as low as they are going to go as the market stabilizes, thanks to the government takeover of Freddie Mac […]

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Rent-to-Own Gaining Favor Once Again

Rent-to-own options are becoming popular again after falling out of favor during the last couple of decades when mortgages were easy to get. The advantages of rent-to-own to buyers include a way around poor credit, an opportunity to rebuild credit worthiness and a way to try out homeownership without making a costly commitment. For sellers, […]

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Weather Delays Some Louisiana Home Closings

Some closings in New Orleans were delayed by the impending hurricane, mostly because buyers waited until the last minute to secure a homeowner’s insurance policy. Robert Bergeron, president of Crescent Title, said about a third of the company’s closings were delayed. Most of the delays involved insurance issues, but in a few cases the buyers […]

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Affordability Effort at Risk of Backfiring

Some real estate experts and economists are determining that the government’s plan to provide affordable housing is a bad idea. The program, which passed Congress a few weeks ago, offers local governments $4 billion to buy, repair, and resell homes lost to foreclosure. Real estate experts and economists point out that the government will now […]

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Top Places to Buy an Old House

This Old House magazine, is forever on the hunt for the greatest old houses. In the July issue, the magazine identifies 12 neighborhoods nationwide that it considers the best old-house neighborhoods in the United States. The winners were chosen because of their architectural diversity, the preservation momentum in the area, and neighborhood amenities, including walkability, […]

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Tighter Lending Stalls Housing Recovery

Rising foreclosures and tightening credit standards are making it more difficult for the housing market to recover from the current downturn than it has been for the market to rebound from previous slowdowns, according to a Harvard University study. “Historically, housing markets recover only after the economy has entered a recession and a combination of […]

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