In The News Category
Week of August 19, 2010 With football set to kick off, universities have just seen a chilling message from a big-name Miami institution: the John S. and James. L. Knight Foundation. In a nutshell: big sports spending is about to eat universities alive, dump academic spending in a back-row seat and undermine schools' credibility. To read the remainder of this article, visit: http://miamitodaynews.com/news/100819/story-viewpoint.shtml Continue Reading!
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The nation’s homeowners paid a median of $1,000 in monthly housing costs in 2009, compared with $808 for renters, according to data released today by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. However, renters usually paid a higher percentage of their household income on these costs than did owners (31 percent compared with 20 percent). These new figures come from the 2009 American Housing Survey, the definitive source of information on the quality of housing...Continue Reading!
Real estate professionals nationwide are calling 2010 “the year of the short sale,” where homeowners who owe more on their properties than what they are worth sell at deeply discounted prices—with the blessing of their lender. Here is how to go about successfully buying a short sale: 1. Search for short sale properties Most short sales are listed by real estate agents. You will find these listings on local websites and in MLS feeds. Some lenders have complained about advertising that identifies the...Continue Reading!
More than three years into the housing crisis that helped trigger a worldwide recession, the torrid pace of home foreclosures continues to tear at the core of the American dream. New figures Thursday from RealtyTrac showed that foreclosure activity declined over the first six months of the year in nine of the 10 large metropolitan areas with the highest foreclosure rates. However, most of the 206 metropolitan areas with 200,000-plus residents didn’t fare as well. In fact, three out of four posted...Continue Reading!
If you ask your neighbor, your friends or your banker what a credit score is, you’re likely to get all kinds of answers. Which one is right? -Your credit score is technically a statistical method of assessing your ability and likelihood to pay back your debt (creditworthiness). -Credit scores are based on several different factors, including your payment history, amount of outstanding debt, length of credit history, use of new credit and types of credit used. -Credit scores are primarily based on credit...Continue Reading!
Homeowners who are more active in their communities benefit from improved education opportunities and report higher levels of self-esteem and happiness when compared to renters, according to leading research. A new report from the National Association of Realtors, Social Benefits of Home ownership and Stable Housing, explores the impact of stable housing and the positive social outcomes resulting from home ownership. “Home ownership is in investment in your future—home is where we make memories, build our lives and feel comfortable and...Continue Reading!
While most parents think of back-to-school as an exciting time marked by new backpacks, school supplies and outfits, it can also mean stress and anxiety for many children. As families get ready for the first day of a new school year, the California Association of Marriage and Family Therapists (CAMFT) reminds parents that back-to-school can be difficult for many children, especially if they are going to school for the first time or changing schools. While parents can’t be there to...Continue Reading!
The U.S. Federal Reserve on Monday published a long list of new rules intended to protect consumers from what the central bank describes as “unfair, abusive, or deceptive lending practices.” The documents outline new requirements that will govern compensation to mortgage professionals and disclosures to borrowers regarding their home loans.The Fed announced final rules prohibiting mortgage brokers and lenders’ mortgage loan officers from receiving compensation based on the interest rate or other loan terms – the practice commonly referred to...Continue Reading!