Hub News

Nearly 1 Million Homeowners Experienced Equity Gains in Second Quarter

In the second quarter of 2012, as many as 950,000 homes saw a positive equity gain. This puts homeowner equity $1 trillion ahead of where it was at this time last year. “Many homeowners across the country are seeing the

Reese Witherspoon Sells L.A. Home for $550K Profit

Hollywood actress Reese Witherspoon has just sold one of her Los Angeles properties for $3.55 million, which nets her a profit of $550,000 over the $3M price tag she paid for it two years ago. According to Trulia, the three-bedroom,

Jumbo Mortgages Getting Cheaper and Easier

In recent months, it has become cheaper and easier for individuals to take out jumbo mortgages – loans of $417,000 or more (or $625,000-plus in more expensive markets). Whereas a 20% down payment and a 700 credit score used to

Jake Gyllenhaal’s Hollywood Home on the Market for $3.5 Million

Jake Gyllenhaal has just listed his three bedroom, three bathroom Hollywood Hills home for $3.5 million. If the home sells for the asking price, Gyllenhaal would make a profit of $1 million after purchasing it in 2005 for $2.5 million.

On Tap: Lowered Credit Standards, Lesser Demand for Mortgages

In the most recent Mortgage Lender Sentiment Survey conducted by Fannie Mae, the lending company found that attitudes are changing in the areas of credit standards and mortgage demand. According to Mortgage News Daily, large lenders are set to ease

Multi-Family Housing Leads the Way

As growing numbers of Americans come to realize that homeownership is not for them, construction rates for multifamily rental unites continue to soar. “There’s been a fairly compelling recovery in multifamily construction because people need apartments to live in,” said Ward

Builder Confidence Continues to Rise

According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), builder confidence is at a nine-year high. The composite measure jumped four points to 59 in the month from August to September. “Since early summer, builders

Robert De Niro Renting $125K Per Month NYC Apartment

Robert De Niro is the current tenant of one of New York City’s most expensive apartments. The abode, which takes up an entire floor at 15 Central Park West, rents for an astounding $125,000 per month. According to Page Six,

Millennials Finally Moving Out of Their Parents’ Homes – and Renting

Millennials began moving in with their parents in record numbers in recent years as the economy remained unsteady and the job market bleak. But now, as the country has begun to recover, and unemployment rates have decreased, America’s young professionals

Potential Buyers Shying Away from Homeownership Due to Lack of Understanding

A recent Wells Fargo survey has uncovered an unfortunate truth in the real estate world. According to the findings, which the mortgage giant compiled in June, many potential buyers are hesitant to get the ball rolling on homeownership because they

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