Tuesday, May 17, 2011

6 real estate headlines: 17-May

A daily dose of headlines for real estate agents, mortgage lenders, homebuyers and home sellers.

Financing foreclosed homes
The New York Times
: For would-be owner-occupants without cash, the federally insured 203(k) loan is key. Borrowers can roll projected rehab costs into the loan.
The costs of buying and selling
: The purchase price of a house is only part of the total cost associated with a closing � here's a list of associated fees that you should be aware of ahead of time.
Safeway plots mixed-use development Tenleytown
Washington Post
: Tenleytown could become the third in a string of redevelopment projects Safeway has begun in order to expand and update its stores and leverage its Washington-area real estate holdings.
The Post's HUD investigation: How damning?
Washington City Paper
: HUD hit back against reporter Debbie Cenziper's overall conclusion, arguing that the HOME program has been largely successful.
10 cities where rents are spiking
US News & World Report:
Eventually, higher rents could turn many tenants into buyers, since purchasing a home will start to seem like a bargain compared with sending a monthly check to a landlord.
Economists disagree on meaning of 'recovery'
Inman News
: The continuing plague of distressed properties is feeding a cycle wherein distressed sales push prices downward, which creates more negative equity among homeowners.


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