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(Sept. 20) -- Can a house feel like a home if it's made of foam? That's the question prospective homeowners in Minnesota are asking themselves after viewing the "Ensculptic" -- a bizarre residence constructed almost entirely out of polyurethane foam. Erected in 1969, the strange Minnetrista, Minn., property is now on the market for $237,000. KMSP Some people say it looks like a mushroom, and others say it looks like a spaceship -- but a real estate agent in Minnesota is hoping someone thinks it looks like a home. Built almost entirely from foam, the "Ensculptic" house in Minnetrista, Minn., ...
A government program meant to help at-risk homeowners negotiate better monthly payment deals is not working and could even endanger the economic recovery as foreclosures pile up, federal watchdogs told a Senate panel Wednesday. Neil Barofsky, inspector general for the government's Troubled Asset Relief Program (TARP), said the mortgage aid program has not "put an appreciable dent in foreclosure filings," the Associated Press reported. Barofsky told the Senate Finance Committee the U.S. Treasury Department has ignored demands that clearer goals be set for the Making Home Affordable ...
(May 27) -- With the chances of home value appreciation looking dim, the continued risk of foreclosure and the cost of maintenance growing as a home ages, maybe owning a home isn't such a good idea right now. That's what U.S. homeowners seem to be concluding. In a recent survey about renting versus owning, homeowners made up the majority of the respondents -- by a factor of more than 2-to-1 -- and yet 76 percent of all those surveyed deemed renting a better deal than owning a home in today's housing market. As a homeowner, it's simply tough to shell out maintenance and upkeep cash on a ...
(April 20) -- Just because homes aren't selling like hotcakes doesn't mean consumers have lost their appetite for a slice of the American Dream pie. Despite an epic downturn that could leave the housing market reeling for years to come, the vast majority of consumers, 70 percent, remain bullish on home buying as one of the safest investments, according to a recent Fannie Mae report. With only a handful of housing markets poised to recover and most housing markets still feeling around for the bottom, 65 percent of those surveyed continue to prefer owning over renting. And 64 percent say it's ...
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