Real Estate News - Lori McNutt

Houlton, Aroostook County and Maine Real Estate

Representing both buyers and sellers to serve all of your real estate needs

Buying or Selling Real Estate in Maine? Contact Lori at (207)538-6389, Or stop in at 21 Market Square in Downtown Houlton Maine!!

WSJ.com: Real Estate
The Eco-Kitchen Challenge	5/16/2008 8:49 PM
Renovating to be green takes more time, research and intestinal fortitude than doing it the regular way. Is a 16-month journey to a new kitchen worth it? Journal reporter Gwendolyn Bounds details her remodeling process.
Can Houses Be Sold Like Art?	5/16/2008 10:00 PM
A restored modernist home in Palm Springs, Calif., fetched $15 million this week at Christie's prestigious evening sales -- a record for a home sold at an art-house auction. But some devotees of midcentury architecture were dismayed. Photos
Fannie, Freddie Called Weak in Capital Base	5/16/2008 6:50 PM
Fannie Mae and Freddie Mac's meager capital could pose a significant risk to taxpayers and financial institutions, their regulator said.
Consumers Are Downbeat on Economy	5/16/2008 9:29 PM
Consumer sentiment about the economy hit a 28-year low, while housing starts jumped 8.2% in April on gains in the multifamily category.
Pushing the Envelope on Vegetables	5/16/2008 9:03 PM
Garden centers, catalogs and seed companies are promoting strange, colorful vegetables to intrigue veteran gardeners and inspire a new generation who -- until recently -- hadn't shown much interest in getting their hands in the dirt.

MSNBC.com: Real estate
Housing starts post surprising rebound	5/16/2008 1:27 PM
Construction of new homes posted the biggest increase in more than two years in April, but analysts said it’s far too soon to declare an end to the prolonged slump.
Fannie Mae scraps higher downpayment rule	5/16/2008 8:35 AM
Fannie Mae says it is doing away with higher minimum downpayment requirements for borrowers in distressed real estate markets.
Gut Check: Foreclosure's fallout	5/13/2008 5:49 PM
In the latest installment of msnbc.com's Gut Check America series, we ask you — our readers — to tell us how mounting home foreclosures are affecting your community.
Mortgage rates dip to lowest point in a month	5/15/2008 11:44 AM
Rates on 30-year mortgages edged down this week to their lowest point in a month, a spot of welcome news to would-be home buyers.
Foreclosure filings continued to climb in April	5/14/2008 1:51 PM
More U.S. homeowners fell behind on mortgage payments last month, driving the number of homes facing foreclosure up 65 percent versus the same month last year.
Remodeling business follows housing lower	5/13/2008 5:52 AM
The downturn in the housing market has dragged the remodeling sector with it. For many contractors, that means a sudden struggle to stay busy.
Median home prices drop in many cities	5/13/2008 11:07 AM
Median home prices fell in two-thirds of the cities surveyed during the first three months of this year while 46 states reported experienced declining sales.
No-money-down mortgages are still happening	5/12/2008 12:49 PM
You probably thought nothing-down mortgage loans disappeared in the wake of the American subprime lending crisis, which ensnarled much of the world in a credit crunch.
Mortgage companies may be turning the corner	5/12/2008 3:41 PM
Broad damage in the mortgage industry was in full view Monday as a number of companies posted dismal first-quarter earnings, but there were also some hope that the worst of the housing crisis is over.
Nine houses lost, investor reflects on ‘stumbles’	5/11/2008 6:44 PM
A California man who has defaulted on nine homes and expects banks to foreclose on all of them, forcing him into bankruptcy, says he now considers it a mistake to have invested in the real estate market.

NYT > Real Estate
They’re All Connected	5/16/2008 8:56 PM
Building residents are organizing on the Internet to chat, air grievances and try to fix problems.
Streetscapes/Lower West Side: As High Line Park Rises, a Time Capsule Remains	5/16/2008 11:47 PM
Remnants from the rail age amid the new walking paths.
Living in Scarsdale, N.Y.: Houses Even Bigger, Scores Way Above Average	5/16/2008 8:52 PM
Families are attracted to Scarsdale, N.Y., for its imposing Tudors and colonials, many of which have been redone, and for its above-average schools.
The Sell: After 24 Open Houses ...	5/16/2008 9:02 PM
Dawn and Barry Goldstein spent six and a half months trying to sell their two-bedroom co-op on 56th Street between Park and Lexington Avenues.
Habitats \| The Bowery: A Home as Quirky as Life Itself	5/16/2008 8:45 PM
A family lives and works in an eccentric space that overlooks the lighting fixture stores that dominate a section of the Bowery.

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