ARCHIVED BLOG POSTS
2008
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With so many houses in the United States facing foreclosure, mortgage lenders are starting to offer favorable deals for distressed borrowers they would not have agreed to just six months ago. This is not altruism, but a case of lenders trying to avoid being stuck owning hundreds of thousands, or...
01/31/2008
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U.S. house prices "likely would have to fall considerably" to return to a normal relationship with rents, says a study by one former and two current Federal Reserve economists. The study, which doesn't necessarily reflect the views of Fed policy makers, suggests prices would have to fall 15% over...
01/29/2008
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More than three in four Americans believe the U.S. economy is already in a recession, or will be sometime in 2008. That's according to a comprehensive poll commissioned recently by Fortune Magazine. Only 19 percent of 1,000 Americans surveyed believe the nation will avoid a recession, while 57...
01/29/2008
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Homeowners aren't recouping as many improvement costs as they could in recent years, according to a recent study by Remodeling magazine. In fact, real-estate agents advise clients not to overdo it, regardless of what the local market conditions are like. To keep costs down and spend remodeling...
01/24/2008
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It is estimated that more than 3 million homes will be foreclosed through 2009. This is worse than what happened during the Great Depression. Reasons for this are many, but put simply, homeowners have allowed themselves to get into mortgages they couldn't really afford. Predatory loan processe...
01/24/2008
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Often times home buyers don't fully realize the trade-off they're making when they move into communities that involve becoming association members. More than 57 million people belong to associations governing everything from large and small condominium developments to subdivisions of single-fami...
01/22/2008
Despite what you've heard and read and despite what others are telling you, now is one of the best times in history to be in the market for a home, especially if you're interested in moving on up, or getting a more expensive home. The other two purchase scenarios offering the best buys in recent...
01/22/2008
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The Federal Reserve is hinting that more interest rate cuts might be needed to offset the deterioration in the credit markets leading to deeper problems for the housing sector and overall economy. The central bank lowered its key federal funds rate - an overnight bank lending rate that affects ho...
01/18/2008
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Tumbling home values. Soaring energy prices. A topsy-turvy stock market and a gazillion other financial worries, not the least of which is whether we'll spend the coming year mired in recession. Considering all the black clouds hanging over the economy, you probably think there's no way you can...
01/18/2008
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You want to buy a home but are scared to take the plunge in a crumbling market? Trying to time the housing market is about as risky as trying to time the stock market. So if your aim by holding off is to try to get the best deal by buying just as prices have hit their low, that may be unrealisti...
01/10/2008
