The Chicago Cubs have a special shine to them these days, and the longtime owner of a home near Wrigley Field hopes it rubs off on her property — to the tune of $9.8 million.
"The seller strongly feels that this is the price," said real estate agent Amy Duong Kim of Jameson Sotheby's International Realty, who's marketing the listing as about 536 feet from home plate.
Read more... http://www.zillow.com/blog/wrigleyville-teardown-186055/
The two finance the bulk of U.S. home loans, using money borrowed from around the globe. That makes them a mainstay of America's $10 trillion housing market and of the national and world economies. If Fannie and Freddie tank, it could all tank. But whether they should be run wholly as federal agencies, or partially or not at all has been debated for decades, especially since the Great Recession. The issue's always half-alive because it's key to the financial well-being of so many, but always half-dead because special interests ensure no one has the political stomach or clout to resolve it.
Read more... http://www.usatoday.com/story/money/2015/10/20/book-review-shaky-ground-exposes-zombie-side-freddie-fannie/74237976/
In the market to flip some homes? Tampa's a great place to be for that.
A new report from RealtyTrac found that among 101 markets with at least 75 single family and condo flips in the third quarter of 2015, Tampa had the fourth-highest share of home flipping, equaling about 9 percent of sales.
Read more... http://www.bizjournals.com/tampabay/news/2015/10/29/tampas-housing-market-great-for-flippers-report.html?ana=twt
Think year-end sales are only important to auto dealers? Think again.
Plenty of successful companies want to reach fiscal goals by the end of the calendar year, and homebuilders aren't any different.
Read more... http://www.azcentral.com/story/money/real-estate/2015/10/08/builders-want-move-homes-meet-goals-year-ends/73062136/
If you are looking for a house now, it's likely going to take a little longer to get a mortgage to buy it.
The expected delay is due to a new federal rule that's supposed to give consumers more protection when they are making one of their biggest financial decisions.
Last week, the "know before you owe" requirements went into effect. The biggest change for borrowers will be the three days they get to review all the final costs of their home loan before they sign.
Freddie Mac announced late Friday that it sold $305 million in seriously delinquent loans from its mortgage investment portfolio.
The sale, which was initially announced last month, was completed via auction, with two pools containing 1,611 total loans being sold to a pair of buyers.
According to Freddie Mac, these loans have been delinquent for approximately two years, on average.
