Interesting Housing News Links (April 26, 2009)

* Borrowers spend less than a third on mortgage payments in 12 months (Myra Butterworth, The Daily Telegraph)

sharp drop in interest rates and falling house prices means that buying a new home has become the most affordable in seven years, Halifax said.

* Moffett Returns to Freddie (James R. Hagerty, Barron’s)

David Moffett, who resigned as chief executive officer of Freddie Mac in March, will temporarily return to the company as a consultant on financial management.

* Sacramento region’s repossessed home sales boom hits lull (Jim Wasserman, Sacramento Bee)

Months of foreclosure moratoriums, stepped-up loan modifications and bank decisions to keep repossessed homes off the market are biting hard into a slice of the economy that has come to depend on sales of distressed homes.

* The Real Estate Corner (Columns) (Waymond Lightfoot, Blanco County News)

Do you know how much the stuff in your home is worth? Not the building, but your personal property. I’m talking about furniture, appliances, electronics, clothes�everything. Although personal property is only one piece of coverage offered by most homeowners policies in Texas, it’s an area where many consumers undervalue the amount of coverage they need. Or, even if they have adequate coverage…

* New pet food pantry to aid Northlanders (Meagan O’Donnell, The Smithville Herald)

The economic crunch has forced many people to make tough choices as they cut the household budget including decisions about family pets.

* WHISKER TALES: Shelter animals seek families (Glenda A. Hazard, Milford Daily News)

Milford Humane Society is open for adoptions at 289 West St., (Rte. 140) on Sundays from 1 to 4 p.m. and on Thursday evenings from 7 to 9 p.m.

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