30-year rates dip again; housing boom continues

30-year rates dip again; housing boom continues: "Rates on 30-year mortgages declined for a second straight week as low mortgages continued to fuel the country's housing boom.
Mortgage giant Freddie Mac reported Thursday that rates on 30-year, fixed-rate mortgages fell to a nationwide average of 5.77% this week, down from last week's 5.80%. Rates have fallen for two weeks after hitting a four-month high of 5.89% the week of Aug. 11."
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| On the House | Selling a house without an agent

Philadelphia Inquirer | 07/31/2005 | On the House | Selling a house without an agent: "Who in Lower Moreland Township has been walking off with Cyvi Levin's for-sale-by-owner signs?
These aren't the kind you buy in the home center for a few bucks. Levin's signs cost her about $200. As part of her marketing plan, Levin invested in the signs to place along the major byways such as Byberry Road, Huntingdon Pike, and County Line Road."
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Home Renovation Costs Can Be Rolled Into Mortgage

TheWBALChannel.com - House and Home - Home Renovation Costs Can Be Rolled Into Mortgage: "Home remodeling projects come in all shapes and sizes: from simple projects that breathe new life into a home to major projects that involve gutting a house and redesigning the floor plan to customize it for your lifestyle. The reasons people remodel are as varied as the projects that homeowners can undertake: adding a room, modernizing a kitchen -- even improving the energy efficiency of a home by adding new doors and windows."
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Home Equity is Not Savings

HoweStreet.com: "While it is true that home equity may be an asset to an individual homeowner, its existence in no way adds to society�s stock of savings. Home equity does not require the homeowner to forgo anything. Nor does it free up any resources to finance capital formation. In fact, the only way a homeowner can tap his equity is by accessing someone else's savings. He either has to sell his house, in which case a buyer uses his own savings (or borrows someone else's) or he refinances, in which case he access someone else's savings himself. Therefore, not only does home equity not represent savings, its existence actually represents a potential claim on society's legitimate supply of savings."
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Movin' on up and renting out the house

Movin' on up and renting out the house�-�Home Guide�-�The Washington Times, America's Newspaper: "Perhaps the most famous move-up buyers were the Jeffersons. Remember them? They were the newly wealthy couple of '70s television fame who moved on up to the East Side of Manhattan after spending years in a Queens duplex next to Archie Bunker.
Chances are, they probably sold that first home. However, given the state of today's hot real estate market, the Jeffersons probably could have been making a tidy monthly income renting out their old home.
These days, they might well be suffering from 'seller's remorse.'
Seller's remorse: the belief that if you had kept your property just a little longer, you would have realized a far greater profit. "
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Action and Reaction

WTOK | Action and Reaction: "'I'm happy!' exclaimed Mildred Sanford, a resident of Meridian's 22nd Avenue.
Sanford is talking about the cleanup effort in a yard adjacent to hers. Around 2:00 p.m. Thursday, workers from Southern Waste Disposal began cleaning the unsightly yard at 2107 22nd Avenue.
About a month ago, the tenant in the house was evicted and all of his household belongings placed in the yard. They stayed there until now."
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.