Wednesday, May 18, 2011

6 real estate headlines: 18-May

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

Jim Morrison grew up around here
Curbed DC
: In one of his old homes, the current owner says the ghost of The Doors lead singer still comes around once in a while to spook her out a little bit.
Bank denied your refi? Join the club
: Two of the biggest impediments to refinancing under HARP are having mortgage insurance on the loan or having a second mortgage.
Housing starts drop 10 percent
CNN Money
: Housing starts, the number of new homes being built, fell 10.6% in April to an annual rate of 523,000 units, down from a revised 585,000 in March, the Commerce Department said.
Tough housing market slams Realtor income
Housing Wire
: Realtor income dropped every year since 2002 when the peak salary hit $52,200 and salaries are down 34.7% between then and 2010.
Bad weather adds to home builders woes
Washington Examiner:
Housings starts in the U.S. unexpectedly fell in April as flooding and tornadoes in the South shut down construction sites and homebuilders continued to struggle almost two years into an economic recovery.
U.S. mortgage applications rise
Washington Post
: Mortgage applications in the U.S. increased last week to the highest level since December as cheaper borrowing costs made refinancing more attractive.

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