Charlene and David Todd

Charlene and David Todd
Phone: 408.979.2860
Office: 408.978.2800
Cell: 408.313.4163
Fax: 408.268.9250
License #: 01192115 - 00699160







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    Real Estate News
    Here are the latest real estate related news articles.

    Click on a headline to read the full story.

       
    Home Purchase Applications Rise 6.3%
    Refinancing activity slipped 1.3 percent last week as interest rates rose slightly, according ot the Mortgage Bankers Association.              
    Inventories Climb in ZipRealty's 26 Markets
    Natrionwide housing supply rose 0.4 percent in August for the eighth straight month with steepest jumps on the West Coast.              
    LEED Certification Takes the Lead
    Green building now accounts for one-third of new construction in the United States, up from 2 percent in 1995.              
    		    
    Home sales plunge 25.5 percent
    Sales of previously occupied homes plunged last month to the lowest level in 15 years, despite the lowest mortgage rates in decades and bargain prices in many areas.              
    Mortgage rates hit low of 4.36 percent for 30-year fixed loans
    Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks, as concerns grow that the economy is weakening.              
    One in 10 homeowners with a mortgage face foreclosure
    In a worrisome sign, the number of homeowners starting to have problems with their mortgages rose after trending downward last year. The number of homes in the foreclosure process fell slightly, the first drop in four years. More than 2.3 million homes have been repossessed by lenders since the recession began in December 2007.              
       
       
    Toll Brothers: First profit in 3 years
    Homebuilder Toll Brothers made a profit last quarter -- its first in three years. And it largely has Uncle Sam's tax credits to thank for it.              
    The latest real estate rip-off?
    Would you be willing to pay the original builder a fee when you resell your home? That's an obligation some developers are trying to slap on homeowners in their communities.              
    New home sales drop 12.4%
    New home sales unexpectedly fell in July to the lowest level on record as the housing market continued to suffer from the end of the homebuyer tax credit boost.              
    		    
    Good Schools, Bad Real Estate
    Despite the housing slump, house hunting in good school districts frustrates parents who often have to settle for less house.              
    Housing Takes a Dive
    Homes with pools for under $400,000 in Georgia, Florida, and Texas.              
    Mottola Asks $27.5 Million for Ranch
    Former Sony Music Chief Tommy Mottola is seeking to sell his Aspen, Colo., property. Plus, Carole King is relisting her 128-acre Idaho ranch, and TV producer and executive Douglas S. Cramer has bought a Miami Beach house for $7.4 million.