WASHINGTON - One in seven mortgage holders worry they may soon fail to make their monthly payments and even more fret that their home’s value is shrinking, according to a poll showing widespread stress from the nation’s housing crisis.
In an ominous snapshot of how the sagging real estate market and sour economy are intersecting, the […]

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WASHINGTON - A growing majority say they won’t buy a home anytime soon, the latest sign of increasing pessimism about the nation’s housing crisis, a poll showed Monday.
In a vivid sketch of how the sputtering real estate market is causing distress throughout the country, the Associated Press-AOL Money & Finance poll found that more than […]

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The housing downturn has got real estate agents, buyers and sellers changing their strategies.
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Today’s poor real estate market has buyers and sellers changing strategies.
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GEORGETOWN, Del. - Municipal leaders in Georgetown said they have felt the negative effects of the slumping housing market.
Transfer and property taxes account for the biggest amount of revenue for Georgetown.
But Town Manager Gene Dvnornick said fewer people have moved in which means less money and a budget shortfall of $183,000.
“One of the things we’re […]

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NEW YORK (CNNMoney.com) — The granite countertop’s glory days might be over.
During the housing boom, updating a kitchen with high end materials like cherry wood cabinets and a Viking stove was a sure bet to boost a home’s value. Homeowners often recovered about 80% of the cost when the house was later sold.
But with so […]

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A seemingly arcane policy change by mortgage investor Freddie Mac sheds new light on issues of much broader concern for consumers: Do you really understand where the money flows — all the nooks and crannies — when you take out a mortgage and pay thousands of dollars in fees at settlement?
Is anyone required to explain […]

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A seemingly arcane policy change by mortgage investor Freddie Mac sheds new light on issues of much broader concern for consumers: Do you really understand where the money flows — all the nooks and crannies — when you take out a mortgage and pay thousands of dollars in fees at settlement?
Article Source

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