Pittsburgh Homes Daily

The downtown Pittsburgh cultural district project that was once called one of the linchpins of the revitalization of the City of Pittsburgh and a project without equal in the United States was indefinitely suspended last month by the Pittsburgh Cultural Trust. The Pittsburgh Cultural Trust blamed the poor economy and credit markets as the [...]

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The topic of today’s post over at the Zillow Blog is buying a house for college.  It’s a topic that’s especially relevant in Pittsburgh, where houses are quite affordable.  In fact, the Pittsburgh Post-Gazette had an article about it specific to Pittsburgh just last month.
I don’t have much to add on the subject as I [...]

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Pennyslvania homeowners have a new option for financing their home renovation: the Keystone Renovate and Repair program run by the Pennsylvania Housing Finance Agency.  The program provides below market, fixed interest rates for homeowners renovating their property that meet certain income and residency conditions.  It also provides guidance on planning the renovation and selecting the [...]

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Try Prosper.  Apparently, I missed the launch this year (it received press coverage in the New York Times here), but I just stumbled across it today.  It is getting billed as the Ebay of lending money.  It has a lot of potential … so I figured that I would give it a link.  I spent [...]

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News stories about 50 year mortgages have been going around, including this one from Yahoo and USA Today.  While I support the option, I don’t think it is generally a good idea.
I have heard that there was alot of negative publicity the first time car loans repayable over 5 years were created.  Now they are common.  But [...]

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According to WPXI, the Fed Funds rate is now at 5 percent.  I can remember when it was below 2 percent in 2001 and 2002.  Although the mortgage rate is at a similar high, it’s interesting to note that it hasn’t even come close to doubling over the past four years.  I guess the real [...]

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Realty Times today has an article about how No Cost Mortgages are Coming.  I was a bit skeptical when I saw it come across my RSS Reader from Fidelity Assets Blog.  After all, increasing the interest rate slightly would achieve the same effect over the long run as charging fees up front.  And if the [...]

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