D.C. Neighborhoods Are Big Money Makers For House FlippersHouse flipping is an increasingly popular endeavor in D.C., and several District neighborhoods are on a new list of the best money-makers in the U.S.
Obama To Sign Relief From Flood Insurance Hikes President Barack Obama is set to sign into law a bipartisan bill relieving homeowners living in flood-prone neighborhoods from big increases in their insurance bills.
Study: Half Of US Renters Pay More Than 30 Percent Of Income For HousingA new study from the Joint Center for Housing Studies of Harvard University finds that nearly 50 percent of renters are “cost-burdened,” meaning they pay more than 30 percent of their income to rent housing. This is nearly double from the less than one-quarter of renters who paid that much in 1960.
US Home Prices Rise By Almost 11 Percent, Most Since 2006 U.S. home prices jumped 10.9 percent in March compared with a year ago, the most since April 2006.
Wells Fargo Posts Record Earnings Despite Fed Lawsuit, More Unpaid LoansWells Fargo posted record earnings in the third quarter as the bank increased mortgage lending and pocketed more fees.
Obama Pressures Congress On Housing Assistancce From The GovernmentThe President is rallying support for his plan to expand government assistance to homeowners, pressuring Congress to help lower lending rates for millions of strapped homeowners.
Obama Promoted Housing Plan During Visit To James Lee Community Center In Falls ChurchThe Obama administration is trying to fix a stubborn drag on the economy by allowing all homeowners to refinance their mortgages at lower interest rates even if they owe more than their homes are worth.