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Federal Mortgage Reform Unlikely in 2007 (Washington Post)  WASHINGTON -- Homeowners unable to pay monthly mortgage bills and facing foreclosure shouldn't count on help from Washington this year. Regulators and lawmakers seem to be taking a wait-and-see approach


Sector Wrap: Mortgage Lenders (AP via Yahoo! Finance)   Shares of mortgage lenders plummeted to multiyear lows Tuesday after Freddie Mac posted a bigger loss than expected, squelching hopes that government-sponsored agencies can prop up the industry by


Rudd's four-point plans for mortgage switching (Queensland Business Review)  The package of measures aimed at making it easier for homeowners to switch banks if they have are not satisfied with their mortgage provider has been released.read more...


Why Mortgage Life Insurance is Not a Good Idea (Arkadelphia Daily Siftings Herald)  (ARA) - If you've recently taken out a mortgage, brace yourself for the onslaught. Before you even finish unpacking, your mailbox will likely be filled with offers for all kinds


Home staging subtracts clutter, adds value  "You want to help a potential buyer see themselves in the house." If you're thinking about selling your house, you've probably heard about home staging. via GreenvilleOnline.com read more...


Pending homes sales fall, productivity up  "This is not a shock. The pace of sales seems to be stabilizing but that's the best you could say about it. But I don't think we've hit a bottom

January 10th, 2007

Homes Unaffordable for U.S. Workers

U.S. home prices may have dipped over the past year, but many American workers would still struggle to afford a median-priced home in major cities, a new study said on Wednesday.
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