ARCHIVED BLOG POSTS
2008
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Despite a meltdown in financial markets, a credit freeze and soaring unemployment, housing markets fared better than expected in October. The number of homes under contract to be sold fell by just 1% year over year according to a report released recently by the National Association of Realtors (N...
12/30/2008
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Is anyone out there besides us sick of all the government bailouts? Everyone and their brother seems to be getting in line to ask the government to "bail them out." As the printing presses for the bailouts run at full speed, those in power are no longer even pretending that the new giveaways will...
12/30/2008
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Sales of newly constructed homes slumped in October to an annual rate not seen since 1991, according to government figures released recently. The U.S. Census Bureau reported that new home sales fell to an annualized rate of 433,000 in October. That's down 5.3% from the revised 457,000 annual rate...
12/11/2008
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HUD will require, for the first time ever, that lenders and mortgage brokers provide consumers with a standard Good Faith Estimate (GFE) that clearly discloses key loan terms and closing costs. HUD estimates its new regulation will save consumers nearly $700 at the closing table. Last March, HUD ...
12/11/2008
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Real estate prices cycle through different highs and lows. Keeping track of the following market indicators will help you decide if now is a good time to invest in real estate or not. Job Growth People go where the jobs are, and home prices follow jobs. A strong local job market is a sure sign of...
12/03/2008
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Fifteen months into the worst credit crisis in decades, major banks and the federal government are coming together on a solution for struggling mortgage borrowers. The goal is to hasten the process for renegotiating hundreds of thousands of delinquent loans, either those held by major banks or he...
12/03/2008
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You may be among the masses of people wondering if they should consider buying real estate now, or wait. There are some strong reasons to act now… namely significant changes in the FHA loan requirements that are scheduled to change in January of 2009. Statitics show that nearly 80% of the home lo...
12/01/2008
