Itâ€™s Tuesday News Day and these are this weeks hot topics concerning the real estate market, the financial market, general market conditions, and interest rates.
A poll by Carlisle & Gallagher Consulting Group found that more than a third of potential borrowers would be willing to pay a higher rate if the mortgage came with superior service. The survey didnâ€™t say how much more the 34 percent were willing to pay, but it did find that this group is a frustrated bunch.
Making sense of the story
Read the full story atÂ Los Angeles Times
BloombergÂ â€“ Home prices rise in 81 percent of U.S. cities as markets recover
Prices for single-family homes rose in 81 percent of U.S. cities as the property market extends a recovery from the worst crash since the 1930s. Read the full story atÂ Bloomberg
The New York TimesÂ â€“ Borrowing to build your own home
As the housing market begins to improve, new homes are popping up again in prime areas. If lenders are staying away from speculative building projects, some are willing to finance new construction for buyers who put substantial money down. Read the full story atÂ New York Times
The Los Angeles TimesÂ â€“ Wells Fargo sends refunds to some FHA mortgage customers
Thousands of Wells Fargo home loan customers recently received a surprise in the mail: Refund checks from the bank, along with a letter saying they had paid unnecessary fees for their mortgages. Read the full story atLos Angeles Times
Mercury NewsÂ â€“ Possible end of mortgage tax deduction worries homeowners
Tax reform has been a frequent campaign issue this year, with tax cuts enacted under former President George W. Bush scheduled to expire at the end of this year. Among the many changes discussed is one beloved by homeowners â€“ the mortgage interest deduction. Read the full story atÂ Mercury News
BloombergÂ â€“ Foreclosures drawing cash at 401k returns sag
As the housing market recovers, investors are following the lead of private-equity firms, investing in properties they can pick up cheaply, rent and sell when values rise enough. Read the full story atÂ Bloomberg
Mercury NewsÂ â€“ After housing crash, people want new styles of houses
As the real estate market starts to recover, home builders, especially those in California, are betting that many buyers will want new houses that are different from the big suburban tract homes that proliferated during the boom. Read the full story atÂ Mercury News
If you have any questions about the current real estate market give me a call atÂ (408) 840-3852Â or shoot me an email atÂ Thomas.Feng@gmail.comÂ to discuss your situation and how to get the most out of the current real estate housing market.
Because of the many legal and tax situations that can arise through the sale and purchase of real estateALWAYSÂ consult with yourÂ ATTORNEYÂ orÂ ACCOUNTANTÂ before makingÂ ANYÂ decisions inÂ ANYÂ transaction
Copyright 2010-2012 by Thomas Feng, All Rights Reserved. You may reblog or republish.
* THIS ARTICLE WAS POSTED ATÂ Thomas Fengâ€™s Bay Area ConnectÂ *