Tue
07 Sep 2010
Subprime Loans “Done Right”
"...Fannie Mae, the lending giant that required a government takeover, is creeping back into the market for mortgages with no down payment from a new program called Affordable Advantage, available to first-time home buyers in Idaho, Massachusetts, Minnesota and Wisconsin and created in conjunction with the states’ housing finance agencies. The loans are 30-year fixed mortgages, with mandatory homeownership counseling, available to people with credit scores of 680 and above (720 in Massachusetts). The buyers have to put in $1,000 and must live in the homes..." - The New York Times
Tue 07 Sep 2010 12:40 PM | (0) Comments | Permalink |
Categories: Economy | Financing | Substance |
Home Equipment Energy Tracker
From manufacturer Belkin: Find out how much energy your devices really use—including, the cost of operation, the amount of carbon dioxide (CO₂) produced in generating the electricity consumed, and watts. See at a glance the true impact to your wallet—and the environment.
Tue 07 Sep 2010 11:34 AM | (0) Comments | Permalink |
Categories: Green | Structure | Substance | Value |
Sun
05 Sep 2010
New Fed Aid For Borrowers With Diminished Equity
The Government has allocated $14 Billion in the first initiative to help borrowers holding 500,000 to 1.5 million loans valued at more than their homes are now worth. Creditors that write down mortgages to less than the value of the property can essentially hand off the reduced loan to the government. Loans held by Fannie Mae and Freddie Mac are not eligible. Analysts say that the program is most likely to succeed on loans that banks already own in their portfolios. It could also provide investors with a vehicle for getting rid of loans that have been modified and are current again. - Wall Street Journal
Sun 05 Sep 2010 09:19 AM | (0) Comments | Permalink |
Categories: Economy | Financing | Substance | Value |
Underwater Map
The Wall Street Journal published a map from First American CoreLogic showing the geography negative equity.
Sun 05 Sep 2010 08:46 AM | (0) Comments | Permalink |
Categories: Economy | Financing | Market | Substance |
Home Energy Audit: Theres An App For That
Qreative Medias new application provides quick assessments of a home's energy efficiency based on the guidelines of three performance certification programs by inputting construction and system details like building and structure type, orientation, ventilation, thickness and type of insulation, and climate control systems. $3.99 from Apple's iTunes App Store
Sat
04 Sep 2010
The Mickey House Club: Why? Because We Like It
Listening to the rationale Clayton Homes gives in their video for introducing changes in their modular iHouse 2.0 put us in mind of Mousketeer leader Jimmie's reason why he was gonna "M-I-C... See you real soon.... K-E-Y... Why? Because..."
Sat 04 Sep 2010 12:20 PM | (0) Comments | Permalink |
Categories: Design | Prefab | Style | Substance |
Clayton Homes New Entry Modular and Green?
Clayton Homes, the biggest manufacturer of modular homes in the U.S., unveiled its updated i-house.
Sat 04 Sep 2010 08:58 AM | (0) Comments | Permalink |
Categories: Green | Prefab | Sustainability | Value |
Fri
03 Sep 2010
Upcoming AIA/LA Home Tours
Work by these architects included in this Fall's tour: Zoltan Pali, FAIA - Studio Pali Fekete architects (SPF:a); Marc Angélil and Sarah Graham, FAIA - agps architecture; John Pugliese, Assoc. AIA - Cambia Designs LLC; Aleks Istanbullu, AIA - Aleks Istanbullu Architects. More at aialosangeles.org
Fri 03 Sep 2010 01:52 PM | (0) Comments | Permalink |
Categories: Architects | Architecture Market | Design | Ideas | Livability |
Wed
01 Sep 2010
Seeing Redfin For What It Is
A Wall Street Journal article about recent home price reports referred to Redfin as "a Seattle-based real-estate brokerage". That's like describing eBay as a thrift store located in San Jose. Redfin is a smart, innovated web-based company that happens to have its home office in Seattle. The company is dedicated to eliminating the broker middle-man, as much as is possible legally and practically, from the real estate searches and transactions everywhere. Zillow is on a similar mission (run by the guys who put travel agents out of business with Expedia) but isn't licensed as a brokerage as is Redfin. Insofar as it provides better service for the consumer that's a good thing. Just understand that when you're looking at a property on the Redfin or Zillow websites, it's probably not actually listed by Redfin or Zillow at all, but rather by a local real estate agent whose listing on the MLS has simply been lifted from the internet by those web based companies, often by agreement with the MLS.
Wed 01 Sep 2010 07:04 AM | (0) Comments | Permalink |
Categories: Market |
Sun
29 Aug 2010
Housing Dominates Some Sunday Morning TV NewsTalk
Sunday morning while Fox's Chris Wallace was talking to Glen Beck about his version of restoring honor, CNN and NBC observed the 5th anniversary of Hurricane Katrina with broadcasts from New Orleans which focused largely on restoring shelter. Naomi Klein's recent book The Shock Doctrine describes the "Rise of Disaster Capitalism" which operates on the "exploitation of disaster-shocked people." But the New Orleans shock has also yielded some creativity and innovation. In an exhibition of the Positive Power of Celebrity, Actor Brad Pitt showed off the results of his "Make It Right" effort, featuring homes aspiring to zero-energy consumption dressed in a decidedly modernist aesthetic, followed by actor Wendell Pierce discussing his efforts to rebuild the city's neighborhood with LEED certified homes of a decidedly more conservative architecture. Later on CNN HUD Secretary Shaun Donovan appeared standing on a New Orleans street. He resisted interviewer Ed Henry's attempts to nail him on recent optimistic statements about housing and the economy, citing overall increased equity nationwide and promoting new federal programs to help underwater and jobless homeowners, as well as renewed emphasis on rental housing quality. Reference was made to the current Time cover story "Rethinking Home Ownership."
Sun 29 Aug 2010 08:51 AM | (0) Comments | Permalink |
Categories: Design | Economy | Green | Livability | Resources | Service | Substance | Sustainability |
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