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Below are the latest real estate news headlines for buyers and sellers.
WSJ.com: Real EstateSelling a Dallas Home in a Down Market Neal Templin and his wife sold their Dallas home at a 12% discount off their starting price. He shares their humbling experience of getting the house ready for sale, exchanging offers and counteroffers and then signing the contract.Read Article Thu, 07 Aug 2008 10:27:00 EDT Connecticut Files Suit Against Countrywide Connecticut Attorney General Richard Blumenthal has sued Bank of America's Countrywide Financial for allegedly deceptive lending practices.Read Article Thu, 07 Aug 2008 03:09:00 EDT Mortgage Failure Rate Rises Mortgages issued in the first half of 2007 are going bad at a pace that far outstrips 2006, an analysis shows.Read Article Thu, 07 Aug 2008 09:09:00 EDT Owners Think Home Values Have Risen In its second-quarter survey, real-estate data firm Zillow found that 62% of the 1,361 homeowners who responded said they believe the value of their home increased over the past year. But that optimism is out of sync with reality.Read Article Thu, 07 Aug 2008 00:22:00 EDT Fannie, Freddie's Right to Lobby Questioned Some lawmakers are arguing that Fannie Mae and Freddie Mac should not be allowed to lobby the government because taxpayers could be on the hook if the Treasury has to bail out the companies.Read Article Thu, 07 Aug 2008 09:18:00 EDT Even the Rich Get Home-Equity Yanked Morgan Stanley added some of its well-heeled clients to the long list of customers whose lenders have frozen or reduced their home-equity loans.Read Article Wed, 06 Aug 2008 21:39:00 EDT New Tax Rules May Hurt House-Hoppers Part of the housing-stimulus package recently signed into law could reduce the appeal of a tax-saving strategy used by wealthy home-hoppers. Many owners might not be eligible to claim the full exclusion on a vacation or rental home they convert to a primary residence.Read Article Wed, 06 Aug 2008 19:29:00 EDT Pulte Homes Gives Discount to New Buyers Pulte says it will match a new $7,500 tax credit for first-time home buyers with its own $7,500 discount on homes with the goal of drawing attention to Pulte homes and the housing market in general.Read Article Wed, 06 Aug 2008 08:50:00 EDT Complex Mortgages May Hit FirstFed Mortgage lender FirstFed could be hit with a high number of defaults on complicated loans that went mainly to people with good credit.Read Article Wed, 06 Aug 2008 05:19:00 EDT Treasury Hires Morgan Stanley The Treasury Department hired Morgan Stanley to provide "market analysis and financial expertise" in connection with its rescue plan for Fannie Mae and Freddie Mac.Read Article Tue, 05 Aug 2008 23:07:00 EDT
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