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Source: Los Angeles Times Real Estate News
The city of Philadelphia has sued Wells Fargo, accusing the bank of discriminating against minority home buyers. The complaint, filed Monday in a federal court in Pennsylvania, alleges that Wells Fargo violated the Fair Housing Act of 1968 by "steering" minority borrowers into mortgages that were... [...]
Tue, May 16, 2017 5:45:00 PM, Continue reading at the source
Source: Houston Chronicle Real Estate News
Average Houston apartment rents ticked up from March to April, but are 3.1 percent below the year-ago levels as 20,021 new units are projected to hit the market this year. Rents rose $3 for the month to $1,068 in April, according to Axiometrics, an apartment data research firm. The amount compares [...]
Tue, May 16, 2017 3:01:00 PM, Continue reading at the source
Source: Houston Chronicle Real Estate News
Home prices in Houston, which mirrored the nation's annual home price appreciation of 6.9 percent in the first quarter, rose at a faster clip than most other Texas metros, according to the National Association of Realtors. The nation registered the strongest quarterly sales in a decade, pushing prices higher in [...]
Mon, May 15, 2017 2:21:00 PM, Continue reading at the source
Source: Los Angeles Times Real Estate News
Dear Liz: My wife and I own a home with $61,000 left on the mortgage. I have a 401(k) with about $30,000 in it and she has a pension plan. We are both in our 50s. We stand to inherit around $180,000 in cash and a condo worth about $250,000 [...]
Sun, May 14, 2017 10:00:00 AM, Continue reading at the source