Future Housing Market Depending on Boomers

LAS VEGAS – The National Association of Home Builders says the future housing market will depend heavily on baby boomers. Paul Emrath, vice president of survey and housing policy research for NAHB, expects the number of single-family housing starts in 55+ communities to increase 22 percent this year and an additional 20 percent in 2014. This demographic will also contribute to 50 percent of all multi-family housing starts in 2014. “We expect to see an increased demand for 55+ housing as …

The Takeaway: Local Governments Seize Homes Over Tiny Tax Debts

Owing as little as $400 in unpaid property taxes has gotten some American homeowners booted from their houses, according to a report released today by the National Consumer Law Center.

The Takeaway: New Refinancing Help For ‘Underwater’ Homeowners; Stretching Helps Chronic Back Pain

Helping Homeowners Tread Water: Meeting yesterday with distressed homeowners in Las Vegas-the ‘foreclosure capital of the nation’-President Obama unveiled a plan to allow homeowners who owe more than their properties are worth to refinance mortgages at today’s low rates, which are hovering near 4 percent. If you think this has shades of 2009 all over it-well, you’re right: The new plan is a revised version of the previous Home Affordable Refinance Program-which didn’t have as much effect as the administration would …