The Home Front


October 2009


Mortgage Rates Inch Higher, Refinancing Applications Drop

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As mortgage rates come off their near-record lows, fewer property owners are interested in refinancing home loans. That's according to the Mortgage Bankers Association's most recent mortgage application survey, which reported a 17 percent drop in its refinancing index for the week ending October ...

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Obama Expands Housing Rescue (Again): 5 Things to Know

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In another attempt to reinvigorate the housing market, the Obama administration has announced new steps designed to make it easier for state and local agencies to reduce mortgage costs for low- and moderate-income home buyers. The two-pronged effort—which includes a bond-buying initiative and a ...

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Foreclosure Epidemic Reaching More Expensive Homes

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A recent report by a congressional oversight panel highlighted the changing nature of the housing crisis by suggesting that the Obama administration's sweeping anti-foreclosure initiative might not be suited to address the mortgage delinquency epidemic as it exists today. The initial portion of the ...

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Top 10 Cities for Reduced-Price Listings

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More than a quarter of homes on the market as of October 1 have had their listing prices reduced at least once, according to a report released Thursday by real estate website Trulia. In an effort to unload their properties into the still-slumping market, these homeowners dropped listing prices by ...

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Apartment Vacancy Rate Set to Break Record

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Even as the U.S. home ownership rate dips to a six-year low, landlords are having an increasingly difficult time finding tenants. The national apartment vacancy rate hit 7.8 percent in the third quarter, its highest level since 1986, according to a new report from real estate research firm Reis.

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