Housing, Mortgages, & Money

The Stockmasters present Housing, Mortgages & Money News coverage, bringing you the best and most important news on the industry.

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Every week we search through the most relevant news on the mortgage and housing industry to help you protect your investments and keep you informed.

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Sign of the Times: 20 Year Old Buys Home with just 3.5% Down

aboutnwrealestate.com - housing bubbleHow about them apples?  Denise Tejada bought a house last month at the age of 20, thanks in large part to a loan guaranteed by the Federal Housing Authority.  She scored a $183K FHA loan and is now in her very own house, too bad she can't buy a six-pack to celebrate, only one more year.

Real Estate Investing: Foreclosure vs. Short Sales

housing money masteryWhich one is more advantageous for investors? Buying Foreclosed or Short Sale properties? Try Pre-Foreclosure and Bank Owned Properties, the less risk the better.

Weekend Video: Rise Of Vacancies And Fall Of Rents

rent moneyCommercial real estate values in the U.S. have dropped 27% in the year through June and rents for offices, shops and warehouse space may continue to drop through 2010 as the recession saps jobs and consumer spending. Via Bloomberg.com an analysis and discussion with the Senior Analyst of BMO Capital Markets. He talks about the fundamentals that deteriorate throughout the commercial real estate sector and the rise of vacancies and the fall of rent.

Southern California New Construction Comes to a Hault

So Cal HousingOne drag on recovery in Southern California is illustrated by three new office buildings near the LA-Ontario International Airport. One is 60% leased. The other two sit empty.
Much has changed. "New construction is now literally stopped," said Katherine Aguilar Perez, executive director of the Urban Land Institute's office in Los Angeles. The industry has shed jobs as new building starts have plummeted.

Home Mortgage Refinance Rates on the Move Again - Rates to 6%?

theStockMasters.com If you have been thinking about refinancing or getting your first mortgage now would be the time to do it.  If you wait a few months or even a few weeks, you might be looking at mortgage rates in excess of 6%.  These would basically make it pointless to even go through the refinance
process at all  Bottom line -- get your refinance on if you haven't already.

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