Owning vs. Renting: Still Not Even Close 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 […]
Recession Near or Already Here?
Recession Near or Already Here? 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 […]
Real Estate News – February 2008
Real Estate News – February 2008 Our February 2008 Newsletter is now up… From the right Nav Menu, Find "PAGES AND NEWSLETTERS" and Select "February 2008 below "Our Monthly Newsletters".
Lenders Beginning to Make Deals
Lenders Beginning to Make Deals 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, […]
Should You Buy Points or Not?
Should You Buy Points or Not? Make sure you understand what points are. Points (or discount points) are simply pre-paid interest. One point amounts to 1% of the total mortgage. If you have a $100,000 mortgage, one point costs $1,000. That’s pretty much all there is to it. So why would anyone want […]
Super-Secret Budgeting Tips
Super-Secret Budgeting Tips Among the most common New Years resolutions is to sticking to a budget. If that sounds familiar, you’ll appreciate this story: Money reporter Stacy Johnson provides some expert guidance when it comes to tracking the family finances. (Video Runs 1:33) If you have a comment or question about […]
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