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Real Estate News and Advice

Below are some helpful articles related to the local Sacramento Real Estate market as well as other helpful advice columns. Check back often as these articles are always updating.

SacBee -- Real Estate News

Home Front: Sacramento church finally lands a buyer

Land Park's Second Church of Christ, Scientist, has the happy ending it has been seeking. At last, the church has been sold. Happy, too, is the Natomas congregation that met for a dozen years in a Northgate Plaza storefront. The Door Christian Fellowship finally has a permanent home.

Members of The Door Christian Fellowship await a service Wednesday at their new church. The congregation bought the Land Park building from the Second Church of Christ, Scientist. The price dropped $538,000 in 15 months.

Members of The Door Christian Fellowship worship Wednesday at their church on Freeport Boulevard. For 12 years, their church was a Natomas storefront.

Sacramento County incomes dropped amid housing boom

Even as housing prices doubled and the construction industry flourished, most Sacramento County residents saw their incomes effectively drop during the housing boom, according to new state tax figures.

Sacramento-area home starts fall 66 percent in March

Hurt by competition from cheaper foreclosed properties, new-home construction in California could be facing its slowest year in decades.

Home Front: Predicting bottom of housing mess takes courage

Calling the bottom of a real estate cycle is more than difficult these days. It's perilous, an invitation for news sources who answer the question to be ripped by critics.

Home builder Reynen files for personal bankruptcy protection

After months of wrangling with lenders over huge debts accumulated during the housing boom, prominent Sacramento-area home builder John D. Reynen filed Wednesday for personal bankruptcy protection.

JOHN D. REYNEN He co-founded Reynen & Bardis Communities 35 years ago.

Home auction in Sacramento offers dreams -- for buyers

Francisco Cervantes paced like an expectant father, back and forth, until a security guard asked him to move out of the aisle. His wife, Victoria, sat patiently in one of the rows of folding chairs, paperwork in hand.

Bid takers in formal dress try to drum up excitement among audience members at a Cal Expo auction Sunday of repossessed homes. The Real Estate Disposition Corp., the Irvine-based company running the show, sold 165 homes in one day at Cal Expo, many far below their original value.

Francisco Cervantes and his wife, Victoria, center, look for an affordable home at last Sunday's auction. The Yuba City couple hoped to find a four- bedroom home closer to their jobs in Woodland.

Sacramento-area home foreclosures keep rising -- and more pain is on the way

Last weekend Paul Sosa and his wife moved their furniture out of a Marysville home they bought in October 2005 and sent it to a rental in Sacramento.

Pauline and Paul Sosa stand outside their new rental home in Sacramento, the Marysville house they gave up now a cell phone image.

Paul Sosa sits in the living room of his new rental home in Sacramento with a bed and other furniture from the Marysville house that he and his wife, Pauline, lost to foreclosure stacked behind him.

New online resource will help residents go solar

Interested in adding solar panels to your home, but don't know where to begin? A new Web site by the California Energy Commission provides a one-stop shopping resource for residents interested in adding solar panels to new or existing homes.

March 2008 Sacramento region home sales and price trends

Data for resale single-family detached homes that closed escrow. Percent changes are from the same month one year earlier.

Walls closing in on Dunmore home-building dynasty

Their debts are substantial and their reputations have been dinged. Their main business is gone. They are caught up in an intergenerational soap opera that threatens the family legacy.

Jeremy and Sidney D. Dunmore's Dunmore Communities launched the Alta Vista Meadows project on Rio Linda Boulevard. The brothers have lost to foreclosure or sold portions of the project, now called Bella Casa.

Sidney B. Dunmore, then-CEO of Dunmore Homes, stands at a Dunmore development site in Rocklin in May 2007.

George Dunmore

Bankrate.com: Advice Headlines

Car lots crammed with three model years

Car dealers are anxious to unload product from three model years, says Bankrate car columnist Terry Jackson.

Co-signer becomes lender's main target

If you co-sign for a loan, don't be surprised when the lender comes looking for you, says Bankrate car columnist Terry Jackson.

Tough to buy car with credit card

Dealers usually frown on using a credit card to purchase a car, says Bankrate car columnist Terry Jackson.

Interstate car deal won't pose problems

A Connecticut man shouldn't worry about a car deal taking place in New Jersey, says Bankrate car columnist Terry Jackson.

Late payments haunt credit for years

Paying off your card is great, but late payments have a longer credit legacy, says Dr. Don Taylor.

WSJ.com: Real Estate

A Couple's Descent Into Foreclosure

Tracing one Vallejo, Calif., couple's descent into foreclosure and bankruptcy.

Bonds Tied to Mortgages Have Hope

Maybe there's a way to thrive in the howling wasteland that is the home-loan market. Bonds backed by mortgages look like a buying opportunity, assuming a new spate of defaults doesn't send their prices tumbling again.

Fannie to Aid Underwater Loans

Fannie Mae is preparing a program of refinancing mortgages for people who owe more than the current value of their homes. The plan is the latest twist in efforts to contain the surge in foreclosures in much of the U.S.

Russia's Abramovich Buys Colorado Ranch

Russian oil magnate Roman Abramovich has bought a Colorado ranch for $36.3 million … Baseball great Henry "Hank" Aaron has listed his West Palm Beach, Fla., home that borders a golf course for $900,000 … plus more. Photos

How to Find Foreign Home Buyers

June Fletcher explains how to find real-estate agents who focus on foreign buyers – critical now as these home hunters see U.S. properties as bargains.

For Mortgages Underwater, Help Swims In

A small fish with a healthy appetite for mosquito larvae is being pressed into service in California, Arizona, Florida and other areas struggling with foreclosures. The problem: swimming pools of abandoned homes have turned into breeding grounds.

House Passes Homeowner Aid

The House passed a package of measures aimed at tackling the housing crisis, but bickering signaled turbulence ahead for the legislation.

Mortgage Firms Cool to Principal-Cut Plan

A major provision of the housing-market legislation passed by the House Thursday might not help as many borrowers as some expect, trade groups that represent mortgage companies say.

Real-Estate Drop Has a Green Lining

Developers are dropping plans to build on some choice pieces of land and instead are selling it for such uses as public parks and nature preserves.

Source of House Data Skews Loan Losses

Wachovia and Washington Mutual are using housing-market data that might be less-negative than those used by other lenders.

More Homes Hit Market in April

The supply of homes available for sale in major metropolitan areas edged higher in April, new data show.

Keeping Families Above Water

The latest flash point in the debate over the nation's bursting housing bubble is this: Since so many American houses are worth less than their mortgages, should the government do more to get lenders to settle for less than the full debt, even if it may cost taxpayers some money?

Hope Arises for Housing-Bill Deal

A Bush economic adviser said differences between Democrats in Congress and the White House on a housing bill aren't "insurmountable."

Bonds Tied to Mortgages Have Hope

Property Mogul Poised to Fall Again

Ian Bruce Eichner is on the verge of losing control of his Las Vegas casino-resort project -- 16 years after a similar loss in Times Square. His roller-coaster track record shows that in commercial real estate, failure on an epic scale need not be a career killer.

Real-Estate Drop Has a Green Lining

Developers are dropping plans to build on some choice pieces of land and instead are selling it for such uses as public parks and nature preserves.

Wachovia's Big-Loan Executive Is Leaving

Wachovia's Robert Verrone, known for his deal making, is expected to leave. The bank's first-quarter loss will widen due to new write-downs.

Bankrate.com: Home equity Headlines

Interest Rate Roundup

Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts.

Interest Rate Roundup

Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts.

Interest Rate Roundup

Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts.

HELOC activity may affect FICO score

Maxing out a home equity line of credit may impact your FICO score, says Dr. Don Taylor.

Interest Rate Roundup

Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts.

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Real Estate News and Advice