Pending Home Sales Fall in December The pending home sales index, based on contracts signed but not closed in December, was down 24.2% from the prior year’s period, according to a report from the National Association of Realtors (NAR). The index, which is considered a leading indicator of existing home sales, had also declined […]
Bi-Weekly Mortgage Payments: Don’t Pay Fees
Bi-Weekly Mortgage Payments: Don’t Pay Fees The "magic" of a biweekly (every two weeks) mortgage payment is that you end up making the equivalent of 13 full mortgage payments in a year rather than the usual 12, reducing the time needed to pay down the mortgage and cutting interest payments substantially. But a biweekly […]
Beware of Bad Advice About Foreclosure
Beware of Bad Advice About Foreclosure A very disturbing and potentially damaging trend seems to be emerging in several real estate markets across the country. Especially those markets with flat or even declining values. The trend? Well, it seems that some very less than scrupulous folks have resorted to promoting foreclosure to people […]
Are you Worried About Recession?
Are you Worried About Recession? With all the gloom and doom over the past year about falling home prices, foreclosures, sharply higher gas and oil prices and bad job reports, are you truly concerned about a recession in the U.S. right now? Home prices have plunged by 10 to 30 percent in some […]
Recession in Richmond VA Real Estate?
Recession in Richmond VA Real Estate? What Happens When There is a Recession and No One Comes? It looks like 73 out of 150 metropolitan statistical areas did not get invited to doomsday, showing increases in median existing single-family home prices from a year earlier, including 11 areas with double-digit annual gains and […]
Survival Strategies: Recession-proof Your Life
Survival Strategies: Recession-proof Your Life Falling home values, rising unemployment, declining confidence among consumers and businesses and, lately, a swooning stock market. We may or may not be entering an official recession (defined as two consecutive quarters of shrinking economic activity), but either way 2008 has gotten off to a scarier start than most […]
Air Duct Cleaning: Don’t Be Scammed
Air Duct Cleaning: Don’t Be Scammed Scams are everywhere. Car sales, mortgage foreclosure prevention, identity protection, even when it comes to cleaning out the heat ducts in your home. You can’t be too careful when you see an ad that "seems to good to be true." This video explains how one home […]
What’s Your Credit Score and How Do You Raise It?
What’s Your Credit Score and How Do You Raise It? Before you even think about buying a home, you should ask yourself two questions: "What’s my credit score?" and "How do I raise it?" Knowing your credit score will help you negotiate a good interest rate on your mortgage, and if you can […]
For $14 Anyone Can Steal Your Identity
For $14 Anyone Can Steal Your Identity Your personal information, including date of birth, bank account and social security numbers, may be for sale on the internet and at bargain prices. The most frightening item for sale? For just $14, anyone can become YOU! This video explains (runs 2:46) […]
Real Estate News – March 2008
Real Estate News – March 2008 Our March 2008 Newsletter is now up… From the right Nav Menu, Find "PAGES AND NEWSLETTERS" and Select "March 2008 below "Our Monthly Newsletters".
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