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Real Estate News From CNN-Money

Home mortgage rates and real estate news - CNNMoney.com From CNN and Money magazine, CNNMoney.com combines business news and in-depth market analysis with practical advice and answers to personal finance questions. The three-figure kitchen makeover Living with an undersize, outdated kitchen? If so, a sledgehammer may feel like the only solution. But these days you're probably not up for spending the $50,000 or more -- maybe much more -- it would cost to demolish the space and build a new state-of-the-art room from scratch. Foreclosures leveling off The national foreclosure rate fell 2% in February from a month earlier, according to an industry report released Thursday, the latest sign that the pace of foreclosures is slowing. America's most overvalued cities Don't say we didn't warn you. Green homes face a red light Lots of people, especially those trying to battle high utility bills, believe in energy-efficient homebuilding. Can't make your mortgage? Get an emergency loan Erin and Robert Smith had no problem handling the $2,000 monthly payment on their home ... until they lost their jobs. Foreclosures: How bad is your state? Rush Limbaugh wants $14 million for his NYC penthouse Conservative radio host Rush Limbaugh is saying adios to the Big Apple and selling his Fifth Avenue penthouse, asking almost $14 million. A plan to save commercial real estate Economists have long been predicting commercial real estate could be the next day of reckoning for the financial markets, with a wave of defaults looming as billions of dollars in troubled loans come due in the coming months. Nab a real estate deal - while you still can If you've been holding off on a real estate purchase, glimmers of a turnaround in the housing market may have you wondering if it's finally time to make your move. Cashing in on the condo bust Great bargains abound, but you have to shop carefully. Existing home sales drop Sales of existing homes unexpectedly fell in January, according to an industry report published Friday. Duck! Watch out for falling home prices Despite signs that the real estate market might be lurching forward, prices are expected to fall further this year. New home sales fall to a record low Sales of new homes plunged in January to the lowest level on record, government figures showed Wednesday. Fannie to U.S.: We need another $15.3 billion Battered by the housing crisis, mortgage finance company Fannie Mae said Friday that it needs another $15.3 billion in bailout money from the federal government. Mortgage servicers offer aid plan for jobless The Mortgage Bankers Association proposed a forbearance program Wednesday aimed at helping the unemployed pay their mortgages for up to nine months. Newsfeed display by CaRP

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