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Home of the Week: Spanish Colonial Revival-style in Pasadena

FSBO — Mon, 06 Feb 2012 17:54:49 +0000

The four-bedroom, five-bathroom house built in 1920 for industrialist James Wigmore lists for $2,875,000.

A decorative cast stone entrance opens to this restored Spanish Colonial Revival-style house in Pasadena’s South Orange Grove area. Built in 1920 for industrialist James Wigmore, the house retains such original details as coffered wood ceilings and arched doorways.

Read the original post on L.A. Times – Real Estate News

Rising rebuild costs force homeowners to boost insurance

FSBO — Mon, 06 Feb 2012 13:55:34 +0000

Home values are plummeting but rebuilding costs are not, and many customers don’t understand the difference.

Read the original post on The Seattle Times: Real Estate

Brad Pitt, Angelina Jolie sell Malibu house to Ellen De Generes

FSBO — Sun, 05 Feb 2012 01:55:43 +0000

The talk show host pays $12 million for the 4,088-square-foot house with four bedrooms and four bathrooms. The ocean-view home sits on 1.26 bluff-top acres with beach access.

In one of the more talked-about transactions in town, actors Brad Pitt and Angelina Jolie have sold their Malibu beach house to daytime host and comedian Ellen De Generes for $12 million.

Read the original post on L.A. Times – Real Estate News

Debt aversion behind remodeling and cocooning by homeowners

FSBO — Sun, 05 Feb 2012 01:55:42 +0000

According to federal estimates, owners of existing homes are spending more on renovations than people are spending on buying new homes.

Read the original post on The Seattle Times: Real Estate

Rate on 30-year mortgage falls to record 3.87 pct.

FSBO — Fri, 03 Feb 2012 13:55:29 +0000

The average rate on the 30-year fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. Even with the cheapest rates in history, the housing market remains depressed.

Read the original post on The Seattle Times: Real Estate

Obama proposes refinancing plan for underwater homeowners

FSBO — Fri, 03 Feb 2012 09:59:10 +0000

The president aims to help about 3.5 million people with good credit who are unable to refinance at historically low rates because their homes are worth less than their mortgages.

Read the original post on L.A. Times – Real Estate News

Obama details broader housing plan

FSBO — Thu, 02 Feb 2012 01:56:22 +0000

President Barack Obama called on Congress Wednesday to make it easier for millions of additional homeowners to refinance their mortgages at lower interest rates even if they owe more than their homes are worth. He conceded that his administration’s housing plans so far have not lived up to their promise.

Read the original post on The Seattle Times: Real Estate

Home prices decline for third consecutive month

FSBO — Wed, 01 Feb 2012 17:55:21 +0000

Home prices in the nation’s biggest cities fell for the third consecutive month in November, a sign the housing market ended 2011 in a weakened state.

Read the original post on L.A. Times – Real Estate News

Valerie Easton’s ‘petal & twig’ brings garden beauty inside

FSBO — Tue, 31 Jan 2012 13:55:33 +0000

All you need do is go outdoors with an open mind, a pair of sharp clippers and the willingness to look closely.

Read the original post on The Seattle Times: Real Estate

Homeowner wins back her house after fighting foreclosure

FSBO — Tue, 31 Jan 2012 01:54:47 +0000

Karen Mena managed to get a foreclosure on her San Bernardino home rescinded. But she continues to negotiate with Bank of America over loan terms and could still lose the house.

Foreclosure commonly represents the end of a struggle. A borrower can’t pay a mortgage, loses a home and moves on.

Read the original post on L.A. Times – Real Estate News