Wintry Blast Crimps December Pending Homes Sales

  By Margaret Chadbourn –  Contracts to buy previously owned U.S. homes fell sharply in December to a more than two-year low due in part to unusually cold weather across the country, pointing to signs of a slowdown in the housing market. The National Association of Realtors said Thursday its Pending Home Sales Index, based…

New Home Sales Not So Merry in December

  By Lucia Mutikani – WASHINGTON — Sales of new U.S. single-family homes fell more than expected in December, but lean inventories and steady price gains suggested sufficient strength in the housing market to support the economy. Other data released Monday showed that the private sector maintained its growth pace in January. The Commerce Department said…

Bill Could Stem Tide of Flood Insurance Premiums for Some

  By Andrew Taylor – WASHINGTON — Homeowners worried that new federal flood maps will send their flood insurance premiums skyrocketing would get some short-term relief under a provision tucked into a massive government-wide funding bill. But other changes to the federal flood insurance program, including higher premiums on businesses, vacation homes and frequently flooded properties…

Rules for Buying and Selling a Haunted House

The laws about disclosing if a house is “haunted” vary from state-to-state. Massachusetts The possibility of a property being “psychologically impacted” isn’t considered a “material fact required to be disclosed” to potential buyers. Virginia Emotional defects like murders and ghost sightings only have to be disclosed if they physically affect the property (Blood running from…