Interesting Housing News Links (April 30, 2009)

* Sister Libby Fernandez leads battle for the homeless in Sacramento (Cynthia Hubert, Sacramento Bee)

Jackie Fitzgerald, who is homeless, rallies with others Tuesday at the Capitol. The recent flap over Sacramento’s tent city – which has now been dismantled – has given rise to a new push to help the area’s homeless, led in part by Sister Libby Fernandez of Loaves & Fishes. She envisions a series of smaller, legal campgrounds with sanitation services, running water, and mental health and drug co…

* Midvalley warned to brace for higher valuations (Scott Condon, Valley Journal)

Colorado – Midvalley homeowners will likely experience sticker shock when their new property valuations arrive in the first week of May, according to the assessors of Eagle and Pitkin counties.

* Cities clicking together to fight foreclosure blight (Jean Hopfensperger, Star Tribune)

With so many new incentives for home buyers, Danetta Saul is considering taking the plunge. The Woodbury schoolteacher was excited to learn about a project being launched today by St. Paul and Minneapolis to lure more home buyers to the two cities.

* Home Prices Sink, but Pace Is Slower (Sudeep Reddy, Barron’s)

Home prices fell sharply in February, but for the first time in 16 months the annual pace of deterioration slowed.

* Realtors unite to repair blighted houses (Jim Mc Nally, Statesville Record & Landmark)

On most days they are trying to sell houses. But, for some 700 Realtors in Iredell and Mecklenburg County, Friday was dedicated to fixing them up.

* Sales sag in higher-end subdivisions of Friendswood (Thayer Evans, Houston Chronicle)

Home values in Friendswood have remained steady, but sales in the citys pricier subdivisions have slowed and been directly affected by the nations lackluster economy, say area real estate professionals.

* USDA approved (Beth W. Orenstein, Morning Call)

Jamie and Danielle Brannon bought a $133,500 two-bedroom home in Nazareth in January and paid only $134.63 out-of-pocket.

* Buy while rates are low (Beth W. Orenstein, Morning Call)

Lenders expect that with mortgage interest rates at historic lows, with home prices declining and many first-time homebuyers eligible for up to an $8,000 tax credit, they will be kept busy with applications for home loans this spring.


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