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Monthly Archives: September 2010

No-Interest Mortgages? No Chance

Imagine financing a home purchase with a no-interest mortgage. You probably never would want to move again. Granted, it is doubtful that you will ever have that luxury. But if rates continue to drop, as some in the mortgage industry suggest they may, mortgage rates could inch in the direction of 0%. The Federal Reserve’s Read More

Downsizing Is Booming

Goodbye, McMansion. Hello, bungalow, condo or suburban split-level. The Great Recession may be over, but many people’s lifestyles will never be the same. They are saving more, spending less, simplifying their lives and — increasingly — downsizing their homes. This trend, which began with the economic downturn but has dovetailed with demographic changes, has given Read More

Housing Inventories Rise for Eighth Straight Month

Housing inventories rose in many U.S. cities for the eighth straight month in August in a sign of the continued headwinds facing a soft housing market. The number of available homes for sale in 26 major metropolitan areas at the end of August increased 0.4% from one month earlier, according to figures compiled by ZipRealty Read More