Mortgage debt catches up with the Netherlands
The Dutch dream isn't that different from the American one. Nor is the nightmare that many people have woken up to.
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The Dutch dream isn't that different from the American one. Nor is the nightmare that many people have woken up to.
The U.S. luxury home market is being driven to new heights by relatively low prices, low interest rates and a more stable economy than in many countries, experts say.
Hispanics have made strides in their access to housing, but Asian and African-American homebuyers looking to purchase a home still are told about or shown far fewer homes than equally qualified white consumers, a new national study has determined.
In a recent column, I pointed out that mortgage lenders today can make a loan with only 3 percent down to a borrower with a steady job but a credit score of only 570, and have it insured by the Federal Housing Administration. But lenders can't or won't accommodate a self-employed physician who can't adequately document enough income, even if the physician can put 30 percent down and has a credit score of 800. Considering that the likelihood of default is at least 10 times higher on the first mortgage, this is insane.
Back in 2011, Christina and Brian Jenkins decided to take up a sideline as landlords. Since then, they've acquired three rental houses in the St. Louis area. Two of them were foreclosures.
Even her husband hasn't seen it.
From the outside, the new home in Waxhaw, N.C., doesn't seem all that different from the other houses on the street.
QUESTION: I was having trouble making my mortgage payments and agreed to give the deed back to the lender in lieu of foreclosure. The bank even gave me $3,000 for moving expenses. I moved out three months ago, but I still haven't received the money, the deed has not been recorded and the foreclosure lawsuit has not been dismissed. Is this OK?
Tessa Hultz, chief executive of the Wichita Area Association of Realtors, will be leaving to take a similar job in North Carolina.
Wichita area home prices, excluding distressed sales, rose 7.2 percent between February 2012 and February 2013, according to a just-released report by CoreLogic, a national real estate data firm that surveys local markets.
Forty-four more area houses were sold in February versus the same month a year ago, according to a South Central Kansas Multiple Listing Service report released Friday.
Tom Johnson, president of NAI Martens, has been named by Midwest Real Estate News to the 2012 Midwest Commercial Real Estate Hall of Fame.
Wichita-are home sales moved higher in October, continuing what local Realtors hope is a sustainable trend.
Officials from Occidental Management, which is building a class A commercial office park in northeast Wichita, said Friday that they have more than 50 percent of the first phase of the project pre-leased.
Apartment rents in the Wichita market were the lowest among 82 urban markets during the second quarter, according to the real estate data firm Reis.
May’s home sales in the Wichita area offer reason to be encouraged, said Tessa Hultz, CEO of the Wichita Area Association of Realtors.
There’s more – much more – to Wichita State University’s Center for Real Estate than just being a training ground for young real estate professionals.
The 2009 Fall Parade of Homes kicks off Saturday for three weekends and about 200 homes ranging in price from $100,000 to more than $2 million.