The architect and homeowners spent seven years working on the design before building the home in 1967 outside Philadelphia.

By Teresa at MSN Real Estate Jul 12, 2012 1:46PM

Photo by Tom Crane. Courtesy of Elfant Wissahickon RealtorsOne of a handful of homes designed by the famous Philadelphia architect Louis Kahn will be sold next month.


The Fisher House, in the Philadelphia suburb of Hatboro, Pa., built in 1967, is for sale by the National Trust for Historic Preservation, which will maintain an easement to preserve the home.


This is the first time the home has been listed. The house is 1,891 square feet on 2.69 acres. It has four bedrooms and two and a half baths.


The professions for which returning servicepeople are training don't pay enough to cover a mortgage in many cities, the Center for Housing Policy says.

By Teresa at MSN Real Estate Jul 12, 2012 10:08AM

Model house and money on scale. © SuperStockReturning veterans who train for new jobs still may not be able to afford housing in many U.S. cities.


And that goes for a lot of other people, too. A new study by the Center for Housing Policy looks at 74 occupations and whether the median incomes in those professions are enough to afford either a median-price home or the rent on a one- or two-bedroom apartment.


"In many housing markets, the jobs America's servicemen and women may find waiting for them after deployment do not pay enough to afford the costs of buying a home, and in some markets and for some occupations, veterans cannot afford the costs of renting a modest rental home," said Laura Williams, author of the latest edition of Paycheck to Paycheck, in a news release.


The Consumer Financial Protection Bureau has proposed new disclosures to be given to borrowers after they apply for loans and three days before closing.

By Teresa at MSN Real Estate Jul 11, 2012 2:04PM

Couple signing mortgage application (© Corbis)The Consumer Financial Protection Bureau has come up with new mortgage-disclosure forms and hopes they will provide consumers with better information before they take out a home loan.


But the challenge of making these complex issues simple is reflected in the size of the proposed rule: It's 1,099 pages.


"When making what is likely the biggest purchase of their life, consumers should be looking at paperwork that clearly lays out the terms of the deal," said Richard Cordray, CFPB director, in a news release. "Our proposed redesign of the federal mortgage forms provides much-needed transparency in the mortgage market and gives consumers greater power over the exciting and daunting process of buying a home."

Tags: loans

Celebrities and business travelers like enough space for their staff and entourage. What can you get for that price? A lot.

By Teresa at MSN Real Estate Jul 11, 2012 12:03PM

$150,000-per-month rental in Malibu, Calif. Courtesy of Realtor.comWe've all likely heard that rents are rising.


As CNBC reports, demand is rising for that perfect $100,000-a-month place. Yes, again, we are reminded that the rich are different from you and me.


Most of those $100,000 rentals are short-term leases. The customers are celebrities, businesspeople and international travelers.


The affluent Miami suburb of Coral Gables has prohibited the overnight parking of pickup trucks for decades. Now the voters will decide whether to keep the ban.

By Teresa at MSN Real Estate Jul 10, 2012 3:21PM

The voters in the affluent Miami suburb of Coral Gables will face one of their biggest decisions in decades in this fall's elections: Should homeowners be allowed to park pickup trucks in their driveways?


The 52-year-old ban on pickups has been one of the city's most controversial issues for years. Four times, residents have taken the city to court, and four times, they have lost. The issue is so contentious that city commissioners decided to put it to the voters rather than decide themselves.


The state will be the first to mandate that homeowners can't lose their homes while they are negotiating modifications.

By Teresa at MSN Real Estate Jul 10, 2012 2:07PM

© Tetra Images/SuperstockCalifornia lawmakers have passed new foreclosure protections that will make California the first state to enact law based on the $25 billion settlement negotiated earlier this year among major lenders, the federal government and state attorneys general.


Among other things, loan servicers would be required to provide homeowners with a single point of contact with which they can discuss their cases. The measures would also ban servicers from foreclosing while a homeowner is trying to negotiate a mortgage modification. Both those provisions are in the settlement, but are scheduled to expire in three years. The bills, SB 900 and AB 278, would make those rules part of California law.


The California measures, which Gov. Jerry Brown is expected to sign in the next few weeks, also will outlaw robo-signing, require lenders to document they have the right to foreclose and give homeowners more access to the courts to challenge foreclosures.


Houston joins the list of markets that the NAHB sees as improving. But the builders' group's index fails to regain the 20% of cities that fell off last month.

By Teresa at MSN Real Estate Jul 9, 2012 2:03PM

Houston, Texas (© SuperStock)The number of real-estate markets that the National Association of Home Builders deems as "improving" increased to 84 this month.


That's a slight improvement from last month's total of 80 but well below the 100-plus markets that were deemed to be improving earlier this year, according to the National Association of Home Builders/First American Improving Markets Index (IMI).


"The modest increase in the July IMI is encouraging because it indicates that individual housing markets continue to regain their footing despite some recent reports of weakening in the broader economy," NAHB Chief Economist David Crowe said in a news release. "This is evidence that the housing recovery is slowly but surely taking root, one market at a time."


Radio show reveals that a company that provides real-estate news to newspaper websites has some of the work done offshore, with fake bylines.

By Teresa at MSN Real Estate Jul 9, 2012 1:46PM

© Alix Minde/Getty ImagesWhen I write "Listed" blog posts, I often quote from other websites, including newspaper sites. If I'm looking for insight into real estate in Detroit, for example, I figure that the Detroit Free Press reporters know their city.


But last week, we found out that some real-estate reporters were not whom they appeared to be. "Jake Barnes," for example, wrote a number of stories describing homes for sale that appeared on the San Francisco Chronicle's website in 2009. He also wrote about real-estate transactions in Chicago.


Except there is no Jake Barnes. According to The Chronicle's investigation, the articles actually were written by Jeremy Schnitker, who also wrote real-estate stories for a company called BlockShopper under his own name. Other stories produced by the same company were written by workers in the Philippines.

Tags: celebrity


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