Interesting Housing News Links (April 14, 2009)

* Dangerous Drywall (Jon Fairbanks, WVLA)

It’s something most new homeowners wouldn’t even imaginethat the drywall used to build their home could be dangerous.

* Banks accused of profiteering as they triple mortgage margins (Myra Butterworth, Telegraph)

The difference between the Bank of England’s benchmark interest rate and the average rate on a tracker mortgage has risen from 1.18 per cent at the beginning of April last year to 3.20 per cent today, according to personal finance website

* Sure, rates are low, but refinancing isn’t for everyone (Herb Weisbaum, KVAL)

Uncle Sam wants you to refinance. President Barack Obama on Thursday urged homeowners to jump at low interest rates and refinance their home loans. But refinancing is not for everyone.

* Sacramento County median price makes another little jump (Jim Wasserman, Sacramento Bee)

We sure don’t want to make too big a deal of this, but the median sales price in Sacramento County rose .3 percent from February to March.

* Attorney General: Health issues a top complaint in NC (Clay Barbour, Independent Tribune)

For the fifth year in a row, health care topped the state’s hit-list for complaints filed with the N.C. attorney general.

* Three burglaries occur over weekend (Jon Johnson, Eastern Arizona Courier)

Robbery crimes in Safford continue to occur, and three new burglaries were reported over the weekend.

* Landmark Mendon inn goes on the block (Brent Curtis, Rutland Herald)

The 96-room Cortina Inn in Mendon will go to the highest bidder next month when the property goes up on the auction block.

* Flooded Palo residents upset over building incentive (Adam Belz, The Gazette)

Palo is simmering over a new program that offers $3,000 to people who want to build a new home in city limits.

* Rendell: $200 in property tax help for Pa. homeowners (Amy Worden, Philadelphia Inquirer)

Pennsylvania homeowners outside of Philadelphia will for the second year receive at least $200 in property-tax reductions from slot-machine gambling revenue, Gov. Rendell said yesterday.

* Does Wells Fargo boost signal a turnaround? (Madlen Read, Mail Tribune)

No big bank was supposed to utter the words “record” and “profit” in the same sentence this year. But Wells Fargo said Thursday it earned about $3 billion for the first quarter its highest income ever, and twice what analysts predicted.


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