Strict Standards: Non-static method StringParser_Node::destroyNode() should not be called statically, assuming $this from incompatible context in /home/cheapplc/public_html/posts-usa/modules/stringparser_bbcode/stringparser.class.php on line 356

Strict Standards: Non-static method StringParser_Node::destroyNode() should not be called statically, assuming $this from incompatible context in /home/cheapplc/public_html/posts-usa/modules/stringparser_bbcode/stringparser.class.php on line 356

Strict Standards: Non-static method StringParser_Node::destroyNode() should not be called statically, assuming $this from incompatible context in /home/cheapplc/public_html/posts-usa/modules/stringparser_bbcode/stringparser.class.php on line 356

Strict Standards: Non-static method StringParser_Node::destroyNode() should not be called statically, assuming $this from incompatible context in /home/cheapplc/public_html/posts-usa/modules/stringparser_bbcode/stringparser.class.php on line 356

Strict Standards: Non-static method StringParser_Node::destroyNode() should not be called statically, assuming $this from incompatible context in /home/cheapplc/public_html/posts-usa/modules/stringparser_bbcode/stringparser.class.php on line 356

Strict Standards: Non-static method StringParser_Node::destroyNode() should not be called statically, assuming $this from incompatible context in /home/cheapplc/public_html/posts-usa/modules/stringparser_bbcode/stringparser.class.php on line 356

Strict Standards: Non-static method StringParser_Node::destroyNode() should not be called statically, assuming $this from incompatible context in /home/cheapplc/public_html/posts-usa/modules/stringparser_bbcode/stringparser.class.php on line 356

Strict Standards: Non-static method StringParser_Node::destroyNode() should not be called statically, assuming $this from incompatible context in /home/cheapplc/public_html/posts-usa/modules/stringparser_bbcode/stringparser.class.php on line 356

Strict Standards: Non-static method StringParser_Node::destroyNode() should not be called statically, assuming $this from incompatible context in /home/cheapplc/public_html/posts-usa/modules/stringparser_bbcode/stringparser.class.php on line 356

Strict Standards: Non-static method StringParser_Node::destroyNode() should not be called statically, assuming $this from incompatible context in /home/cheapplc/public_html/posts-usa/modules/stringparser_bbcode/stringparser.class.php on line 356

Strict Standards: Non-static method StringParser_Node::destroyNode() should not be called statically, assuming $this from incompatible context in /home/cheapplc/public_html/posts-usa/modules/stringparser_bbcode/stringparser.class.php on line 356

Strict Standards: Non-static method StringParser_Node::destroyNode() should not be called statically, assuming $this from incompatible context in /home/cheapplc/public_html/posts-usa/modules/stringparser_bbcode/stringparser.class.php on line 356

Strict Standards: Non-static method StringParser_Node::destroyNode() should not be called statically, assuming $this from incompatible context in /home/cheapplc/public_html/posts-usa/modules/stringparser_bbcode/stringparser.class.php on line 356

Strict Standards: Non-static method StringParser_Node::destroyNode() should not be called statically, assuming $this from incompatible context in /home/cheapplc/public_html/posts-usa/modules/stringparser_bbcode/stringparser.class.php on line 356

Strict Standards: Non-static method StringParser_Node::destroyNode() should not be called statically, assuming $this from incompatible context in /home/cheapplc/public_html/posts-usa/modules/stringparser_bbcode/stringparser.class.php on line 356

Warning: Cannot modify header information - headers already sent by (output started at /home/cheapplc/public_html/posts-usa/modules/stringparser_bbcode/stringparser.class.php:356) in /home/cheapplc/public_html/posts-usa/index.php on line 189
Cheap living accommodation quick search engine. http://www.cheapplace.co.uk/posts/ Find the cheapest places to live. Including bed and breakfast inns, Hostels, budget hotels, apartments, flats, bed sits, houses, cheap rooms and lodging to rent, caravans, homeless shelters, advice and more... en Guidelines threaten to derail housing recovery Posting by administrator, Monday, August 24, 2009, 17:42:

Two little-known exclusions in the Fannie Mae and Freddie Mac lending guidelines are endangering many of America's newest neighborhoods, preventing homeowners from recovering damages for construction defects and threatening to derail the housing recovery before it gets off the ground.

According to the Community Associations Institute, nearly 60 million people in the United States live in Shared Ownership Communities — condominiums, co-ops and planned developments governed by a homeowners' association (HOAs). When these "new neighborhoods" are first built, there are often various construction defects. Such flaws are commonplace, given the complexities of the structures being designed and built. In an ideal world, every developer would stand by his product, either repairing the defects or giving homeowners enough money to fix the defects themselves.

Click on the following link to read more…

Click here to read more

]]>
http://www.cheapplace.co.uk/posts/index.php?id=17 http://www.cheapplace.co.uk/posts/index.php?id=17 Mon, 24 Aug 2009 17:42:46 +0000 News (General) administrator
Boomers and Housing: A Symbiotic Relationship Unravels Posting by administrator, Monday, August 03, 2009, 18:41:

When the housing market was soaring, many baby boomers thought of their homes as piggy-banks that could be cracked open in retirement to finance retirement.

High housing prices would allow us to leverage equity to finance our lifestyles, buy second homes or pay entry fees into retirement communities. That thinking was encouraged by the financial services industry, which aggressively marketed low-interest mortgage debt and equity-to-cash products like home equity loans and reverse mortgages.

But the piggy bank was smashed when the housing market crashed. And today's high unemployment rates, sagging incomes and rising foreclosure rates make it unlikely that we'll see a strong rebound anytime soon in housing. True, the widely-watched Standard & Poor's/Case-Shiller home price index released this week showed U.S. home prices rose in May on a month-to-month basis for the first time since July 2006. But that shouldn't be taken as a sign that the market is going to rebound to pre-crash levels anytime soon. At best, the Case-Shiller index hints that we may have found a bottom in housing. Maybe.

Click here to read more

]]>
http://www.cheapplace.co.uk/posts/index.php?id=16 http://www.cheapplace.co.uk/posts/index.php?id=16 Mon, 03 Aug 2009 18:41:06 +0000 News (General) administrator
U.S. Home Prices Have Smallest Decline in 10 Months Posting by administrator, Friday, July 24, 2009, 19:27:

July 22 (Bloomberg) -- U.S. home prices had the smallest annual drop in 10 months, signaling the free fall of property values is abating in the three-year housing slump at the center of a global recession.

Prices declined 5.6 percent in May from a year earlier and rose 0.9 from April, the Federal Housing Finance Agency in Washington said today. Economists expected a 0.2 percent drop for the month, according to the median of 16 estimates in a Bloomberg survey.

Click here to read more

]]>
http://www.cheapplace.co.uk/posts/index.php?id=15 http://www.cheapplace.co.uk/posts/index.php?id=15 Fri, 24 Jul 2009 19:27:23 +0000 News (General) administrator
Mortgage rates fall slightly Posting by administrator, Wednesday, July 08, 2009, 19:07:

McLEAN, Va. (AP) — Rates for 30-year home loans inched downward this week, but still remain above record lows posted during the spring, Freddie Mac said Thursday.

The average rate for a 30-year fixed mortgage was 5.32 this week, below last week's average of 5.42%. Last year at this time, the average rate for a 30-year fixed mortgage was 6.35%, Freddie Mac said.

Click here to read more

]]>
http://www.cheapplace.co.uk/posts/index.php?id=14 http://www.cheapplace.co.uk/posts/index.php?id=14 Wed, 08 Jul 2009 19:07:05 +0000 News (General) administrator
America's Fastest-Falling Neighborhoods Posting by administrator, Wednesday, July 08, 2009, 19:03:

These areas have witnessed the biggest year-over-year price drops.

Before the housing crash extended beyond foreclosure-ridden exurbs, the average homeowner used to (foolishly) believe that his neighborhood was immune. Today, even underwater homeowners merely take heart in knowing that other neighborhoods in the same city are worse off.

If you live in the leafy, mansion-filled Bel Air neighborhood of Los Angeles, where sales prices have declined 31% at the median to $1.5 million, you're probably comforted by the fact that you don't live in Glassell Park in East L.A. In that part of town, buyers counting on neighborhood improvement when they bought in the fringe area have seen median sales prices plummet 50% to $225,000 in the last year.

Click here to read more

]]>
http://www.cheapplace.co.uk/posts/index.php?id=13 http://www.cheapplace.co.uk/posts/index.php?id=13 Wed, 08 Jul 2009 19:03:42 +0000 News (General) administrator
Lost jobs forcing more out of homes Posting by administrator, Wednesday, June 24, 2009, 15:26:

WASHINGTON — The nation's foreclosure crisis — once largely confined to only a few corners of the country — is spreading to new areas as the economy teeters. The foreclosure rates in 40 of the nation's counties that have the most households have already doubled from last year, a USA TODAY analysis of data from the listing firm RealtyTrac shows.

Most were in areas far removed from the avalanche of bad mortgages and lost homes that have hammered the U.S. housing market. Among the new areas: Boise and Green Bay, Wis.

Click on the following link to read more…

http://www.usatoday.com/money/economy/housing/2009-06-22-foreclosure_N.htm

]]>
http://www.cheapplace.co.uk/posts/index.php?id=12 http://www.cheapplace.co.uk/posts/index.php?id=12 Wed, 24 Jun 2009 15:26:15 +0000 News (General) administrator
Home sales rose in Ohio and nationwide Posting by administrator, Wednesday, June 24, 2009, 15:22:

CLEVELAND -- Home sales rose in Ohio and across the nation from April to May but continued to lag last year's levels, despite falling prices and tax incentives for buyers.

The National Association of Realtors said Tuesday that sales of previously owned homes rose 2.4 percent last month. At the current sales rate, 4.77 million homes would change hands this year -- an improvement from the sales rate in April, but a 3.6 percent drop from May 2008.

Click on the following link to read more…

http://www.cleveland.com/business/index.ssf/2009/06/home_sales.html

]]>
http://www.cheapplace.co.uk/posts/index.php?id=11 http://www.cheapplace.co.uk/posts/index.php?id=11 Wed, 24 Jun 2009 15:22:59 +0000 News (General) administrator
Tax credit for home purchase could rise Posting by administrator, Monday, June 22, 2009, 17:42:

Lawmakers and businesses are calling for expansion of a tax credit for first-time home buyers that has helped spark home sales in an otherwise dismal real estate market.

With the tax credit scheduled to expire in fall, some business groups say the amount of the credit, now capped at $8,000, should be raised to $15,000 and applied to anyone who buys a home.

First-time buyers make up a hefty 40% of home purchases, according to the National Association of Realtors (NAR), which is about 5 percentage points higher than the historical average.

Click on the following link to read more…

http://www.usatoday.com/money/economy/housing/2009-06-22-homebuyer-credit-may...

]]>
http://www.cheapplace.co.uk/posts/index.php?id=10 http://www.cheapplace.co.uk/posts/index.php?id=10 Mon, 22 Jun 2009 17:42:37 +0000 News (General) administrator
Rising mortgage rates dampen home builder sentiment in June Posting by administrator, Friday, June 19, 2009, 14:59:

WASHINGTON (Reuters) — Homebuilder sentiment slipped in June, a private survey showed Monday, as higher mortgage rates and an ongoing credit crunch damped expectations for the sector.

The National Association of Home Builders/Wells Fargo Housing Index slipped to 15 from 16 in May. Experts had expected the index to climb one point.

The deep slump in the U.S. housing market has shown some signs of abating. However, the NAHB said consumer anxiety over jobs and the economy's health has created an uncertain picture for the sector's recovery.

Click on the following link to read more…

http://www.usatoday.com/money/economy/housing/2009-06-15-builder-sentiment_N.htm

]]>
http://www.cheapplace.co.uk/posts/index.php?id=9 http://www.cheapplace.co.uk/posts/index.php?id=9 Fri, 19 Jun 2009 14:59:18 +0000 News (General) administrator
Mortgage foreclosures heading through the roof Posting by administrator, Friday, June 19, 2009, 14:56:

The Obama administration's $75 billion program to reduce foreclosures has been beset by backlogs and delays, leading many overstretched homeowners to complain about unreturned phone calls and inaccurate information from lenders, while others say they were denied help for reasons that weren't clear.

Details of the plan were unveiled in early March. The goal is to prevent up to 4 million foreclosures by having banks modify loans into more affordable monthly payments.

Click on the following link to read more…

http://www.usatoday.com/money/economy/housing/2009-06-18-obama-plan-mortgages...

]]>
http://www.cheapplace.co.uk/posts/index.php?id=8 http://www.cheapplace.co.uk/posts/index.php?id=8 Fri, 19 Jun 2009 14:56:41 +0000 News (General) administrator
Homeowner associations start foreclosures to collect dues Posting by administrator, Wednesday, June 17, 2009, 19:55:

Thousands of Americans who have generally kept up with their mortgages are still in danger of losing their homes because they made a fateful trade-off in this shaky economy: They let their homeowner association dues slide.

Many homeowners are learning to their surprise that condo and neighborhood associations that oversee security patrols, mow lawns, plant flowers and clean the community swimming pool might have the right to foreclose when dues aren't paid. That right is often written into the purchase agreement signed by the homeowner.

Click on the following link to read more…

http://www.usatoday.com/money/economy/housing/2009-06-11-homeowner-associatio...

]]>
http://www.cheapplace.co.uk/posts/index.php?id=7 http://www.cheapplace.co.uk/posts/index.php?id=7 Wed, 17 Jun 2009 19:55:58 +0000 News (General) administrator
Mortgage rates surge to highest level in 7 months Posting by administrator, Wednesday, June 17, 2009, 19:54:

WASHINGTON (AP) — Rates for 30-year home loans jumped to the highest level in seven months this week, leading to a slowdown in refinancing activity, Freddie Mac said Thursday.
The average rate for a 30-year fixed mortgage was 5.59% this week, up from 5.29% last week, Freddie Mac said. The last time the average 30-year fixed rate mortgage was higher was the week ended Nov. 26 of last year, when it averaged 5.97%.


Click on the following link to read more…

http://www.usatoday.com/money/economy/housing/2009-06-11-mortgage-rates-jump_...

]]>
http://www.cheapplace.co.uk/posts/index.php?id=6 http://www.cheapplace.co.uk/posts/index.php?id=6 Wed, 17 Jun 2009 19:54:24 +0000 News (General) administrator
4 Ways to Tell When a Real Recovery Has Begun Posting by administrator, Wednesday, June 17, 2009, 19:51:

You could conclude just about anything from the daily cavalcade of economic statistics. Some suggest an imminent recovery. Others seem to foretell years of gloom. The bent of the expert interpreting the latest news—bull, bear, Obama-basher, Wall Street-hater—has as much to do with the outlook as the numbers themselves.

For the foreseeable future, there will be an aggressive hunt for two economic recoveries. One is the technical improvement in economic indicators that signals the economy is growing again. That's the one economists care about, which is why they scour the numbers on retail sales, business inventories, purchasing manager sentiment, subatomic inflation, the mood in Shanghai, and anything else that could help pinpoint the exact inflection point for a turnaround.

Click on the following link to read more…

http://www.usnews.com/blogs/flowchart/2009/06/16/4-ways-to-tell-when-a-real-r...

]]>
http://www.cheapplace.co.uk/posts/index.php?id=5 http://www.cheapplace.co.uk/posts/index.php?id=5 Wed, 17 Jun 2009 19:51:00 +0000 News (General) administrator
‘Millionaire Homes’ May Lose Value Until 2012 Posting by administrator, Wednesday, June 17, 2009, 19:49:

Prices for the most expensive U.S. homes may not reach bottom for another few years, according to JPMorgan Chase & Co.

The CHART OF THE DAY shows the supply of unsold homes by price in California, data that the mortgage-bond investigators including John Sim and Matthew Jozoff used in a June 12 report to illustrate the weakening market for the most-expensive residential properties. The supply of homes priced $750,000 to $1 million held steady while the supply of more expensive properties increased.

Click on the following link to read more…

http://www.bloomberg.com/apps/news?pid=20601109&sid=aXQ2MXGoSysw

]]>
http://www.cheapplace.co.uk/posts/index.php?id=4 http://www.cheapplace.co.uk/posts/index.php?id=4 Wed, 17 Jun 2009 19:49:12 +0000 News (General) administrator
U.S. Home Prices to Fall 14% More, Deutsche Says Posting by administrator, Wednesday, June 17, 2009, 19:44:

June 16 (Bloomberg) -- U.S. home prices may fall another 14 percent, led by the New York and Orange County, California, metropolitan areas, before reaching a bottom as an increase in unemployment offsets lower prices, Deutsche Bank AG said.

“Affordability is no longer the driving issue in the housing market, and we believe prices still have a ways to fall in many areas before home prices reach their trough,” Deutsche Bank investigators led by Karen Weaver, wrote in a report yesterday. “The bottom is getting closer, but we are not there yet.”

Click on the following link to read more…

http://www.bloomberg.com/apps/news?pid=20601087&sid=aGiGVRe..QKQ

]]>
http://www.cheapplace.co.uk/posts/index.php?id=3 http://www.cheapplace.co.uk/posts/index.php?id=3 Wed, 17 Jun 2009 19:44:47 +0000 News (General) administrator