Finance & Mortgage
30-Year Fixed Mortgage Drops to Historic Low 3.51 percent
UK Bedroom Tax May Drive Residents into Expensive Rentals
Real Estate: Short Sales Skyrocketed in 2012
EDITOR'S PICKS
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Developers Apologize After Accidentially Demolishing House Where AC/DC Got Together
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US Housing Affordability Unlikely To Improve Until Prices Fall 40%, Wages Increase 70%: Expert
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Meghan Markle And Prince Harry's Montecito Mansion Now Valued At $29M
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US Housing Supply Hit Four-Year High - But Only Because Homes Are Failing To Find Buyers
Governor Cuomo wants to privatize Long Island Power Authority, LIPA, in an effort to lower electric bills for families, reported WNYC.org. Canada Mortgage and Housing Corp. Hiding From Buyers The Homes Were Foreclosures
Canada's national housing agency is being questioned on whether they're selling properties that were foreclosed, reported The Financial Post. Debra Messing Sells Bel-Air Home for $11.4 Million In Less Than a Month
Funny lady Debra Messing just sold her Bel-Air home for $11.4 million, reported Zillow blog. Funny lady Debra Messing just sold her Bel-Air home for $11. FBI and HUD Raid Elias Realty Livonia and Brighton Offices
The Federal Bureau of Investigation (FBI) and the Department of Housing and Urban Development (HUD) searched offices of Elias real estate and Financial Services in Livonia and Brighton in South Michigan on Wednesday, Feb.27, for a possible mortgage fraud. Study Finds Real Estate Disparity Between White and African-Americans
A recent study by the Brandeis University found that a widening wealth gap between African Americans and white Americans is creating a real estate disparity, reported The Washington Post. Ace Frehley of KISS Faces Home Foreclosure, Owes More Than $700,000
Ace Frehley, also formerly known as "Space Ace" for KISS is facing home foreclosure, reported New York Daily News. JPMorgan Chase Cutting 19,000 Jobs from Mortgage and Community Banking Units
At the first sign of sequestration, JPMorgan Chase & Co. announced they will dismiss 19,000 people from its mortgage and community banking units, reported Bloomberg Businessweek. Spain's Century-Old Mortgage Law Calls For Change From Evicted Homeowners
Spain's weak economy and worsening housing crisis had forced many families into the streets and even drawn people to suicide. Last week, thousands of Spaniards from 50 cities protested to the streets to battle forced evictions as a result of a 100-year-old eviction law, reported Reuters. Sequestration Could Severely Impact Recovering Housing Market
With talks of sequestration resuming, we can expect to see cuts that can wound the recovering real estate market. Singapore Raising Taxes for Luxury Homeowners
The Finance minister of Singapore, Tharman Shanmugaratnam announced on Monday, Feb 25 that the government will be increasing the tax rates for wealthy homeowners in the country. The tax hikes are a part of the 2013 budget announcement. The step comes as an effort to make the tax system more effective.
