Queen Anne apartments — at half the usual cost

Studios are less than $750 at a 50-unit apartment building in pricey Queen Anne. It was renovated for low-income workers, using an innovative funding mechanism that involves socially motivated investors.

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Owners tend to overvalue homes

A new statistical study, published in the Journal of Housing Economics, found that homeowners on average “overestimate the value of their properties by about 8 percent.”

Average US rate on 30-year mortgage rises to 3.87 pct.

WASHINGTON (AP) — Average long-term U.S. mortgage rates rose this week to their highest level so far this year as new data showed strength in the housing market. Mortgage giant Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage increased to 3.87 percent from 3.84 percent a week earlier. The rate on...

Republican senators advance plan to deregulate mobile-home loans

Republican senators advanced a plan Wednesday to roll back financial industry regulations, including consumer safeguards for costly mobile-home loans. Before the vote, Democrats on the Senate Banking Committee pushed to scale back the overall bill, offering an amendment that would have left mobile-home safeguards untouched. But Republicans squashed that proposal and approved the overall plan...

US home sales slide in April amid listing shortage

WASHINGTON (AP) — Sales of existing U.S. homes slipped in April due mainly to relatively few listings and rising prices, providing evidence of the housing sector's uneven recovery. The National Association of Realtors said Thursday that sales of existing homes fell 3.3 percent to a seasonally adjusted annual rate of 5.04 million. April marked the...

Average US rate on 30-year mortgage slips to 3.84 percent

WASHINGTON (AP) — Average long-term U.S. mortgage rates edged slightly lower this week after rising for three straight weeks. Mortgage giant Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage ticked down to 3.84 percent this week from 3.85 percent a week earlier. The rate on 15-year fixed-rate mortgages slipped to 3.05...