Monthly Archives: October 2012

A New Boom by 2015?

The housing market has been showing several signs of recovery, including home prices and home sales on the rise, new construction up, foreclosures falling, and mortgage rates near record lows. Some economists are getting very bullish about the housing recovery … Continue reading

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Second Mortgages on the Rise

Researchers at Equifax say total outstanding balances of second home mortgages at banks rose in September for the first time in nearly five years. Though the increase was relatively small — about three-tenths of a percent — analysts say any … Continue reading

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House Flipping is Back

Buying up homes, rehabbing them, and reselling them for a profit was big during the housing boom. But when the housing market started to slump, these house flippers in search of quick profits nearly vanished. As the housing market recovers, … Continue reading

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Mortgage Rates Hover Near Record Lows

Mortgage rates held steady for the most part this week, remaining near all-time record lows set last week, Freddie Mac reports in its weekly market survey. Here’s a closer look at national mortgage rate averages for the week ending Oct. … Continue reading

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Foreclosures Drop to 5-Year Lows

Foreclosures continue to do the opposite of what most analysts had predicted: They keep falling rather than rising. Foreclosure filings in September fell 7 percent from August and are down 16 percent from last September, RealtyTrac reported Thursday. Foreclosure filings … Continue reading

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Vacant Properties Stalling Housing Recovery

Vacant homes pose a major challenge to the housing and economic recovery, and greater solutions need to be explored for handling the high numbers of abandoned homes, says Elizabeth Duke, Federal Reserve board governor. Duke says that too many of … Continue reading

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How to Select Paint Colors for Open Floor Plans

By Jennifer Couch, Houseplansandmore.com Selecting paint colors for your walls can be a daunting task. There are so many colors to choose from! Some people simply feel stuck with the colors on the walls and live with them for years just … Continue reading

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