Archive for the ‘Home Owner’ Category
Wednesday, February 3rd, 2010
One in every four homeowners in the United States is 'underwater', meaning they owe more on the home than it's actually worth. And you can expect that number to rise.
It's actually amazing to believe that such a high number of houses fall into this category. It was recently estimated that ...
Posted in Foreclosure, Home Owner, Investors, Sellers, Statistics | No Comments »
Tuesday, December 29th, 2009
Home prices rose again but in only 11 of the 20 regions tracked by the Standard & Poor's/Case-Shiller home price index. The index is off of it's lows from May of this year but is still well below it's all-time highs in April 2006. On Monday it was reported that ...
Posted in Buyers, Foreclosure, Home Owner, Investors, Sellers, Statistics | No Comments »
Wednesday, July 29th, 2009
As expected (by myself, not the Obama camp), the housing initiative that allows borrowers to modify their home loans to avoid foreclosure is not going so well. The original goal was set at helping out between 3 and 4 million homeowners. Everyone cheered at the proposal and the 'promise' but ...
Posted in Foreclosure, Home Owner, Sellers | 1 Comment »
Saturday, July 25th, 2009
"You never get a second chance to make a first impression"
You see the phrase used in marketing quite often. So it's no surprise this holds true when setting the listing price for your home. Setting the right listing price from the first day you put your home on the market is ...
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Thursday, March 19th, 2009
Much positive news has surfaced thus far this week, hopefully signaling a turning point in what has been a rough market. Two news bits should help brighten housing sentiment.
Housing Starts Jump in February - construction of new homes and apartments jumped 22.2 percent in February compared with January. Furthermore, starts rose ...
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Saturday, January 17th, 2009
The national average on Mortgage rates has fallen below 5% for the first time on record, according to Freddie Mac.
This is good news for those trying to refinance, if you're able to. Applications are flooding in but the truth remains that lending standards are still strict. Nevertheless, everybody's situation is unique ...
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Friday, January 9th, 2009
Legislation is currently moving around Washington that could greatly reduce the number of foreclosures. The law change would allow homeowners who are filing for bankruptcy the opportunity to restructure their mortgages. A bankruptcy judge could modify terms to let homeowners keep their homes.
Now, keep in mind that this would change ...
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Monday, October 13th, 2008
A bit of good news was released last week from the NAR. The National Association of Realtors Pending Home Sales Index rose 7.4 percent in August to 93.4, up from 87.0 in July. This index is a measure of homes under contract across the country.
This news ties in with an earlier ...
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Saturday, October 11th, 2008
So Supply vs. Demand is an easy concept. It applies to nearly everything when it comes to prices and quantities sold. This is no exception.
You have a product, in this case Real Estate, i.e. a house, a condo, a piece of land, etc, etc. The corresponding price of the product ...
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Monday, October 6th, 2008
If case you haven't heard about the $700 billion bailout that just passed, I'll give a quick rundown. The bill was heavily opposed by Main Street (small and/or locally owned businesses) as they felt they were left out and not being helped at all. While that is an issue in and of itself, Staten Island falls ...
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