Home Equity Diminishing Homeowners began to lose hold of their homes long before spiking foreclosures and the housing slump slammed the economy. Piece by piece, some gave away their homes by tapping equity to take cash out to pay for cars, weddings and vacations. Others never owned one brick. During the country’s most […]
Common Mistakes Made by Unprepared Home Buyers
Common Mistakes Made by Unprepared Home Buyers An unprepared home buyer always makes the same mistakes when looking for real estate. Here are the five most common mistakes you should avoid at all costs. Not knowing exactly what you want – It’s very important to define your goals before you begin looking. Determine […]
The Future of the Richmond VA Real Estate Market
The Future of the Richmond VA Real Estate Market The subprime mortgage crisis has extended itself throughout the economy. According to Congress’ Joint Economic Committee, some 3.7 million homes will probably foreclose as a result of the crisis. As of August, 1.7 million of those homes had already foreclosed, and another 2 million are […]
Pending Home Sales Rise Unexpectedly
Pending Home Sales Rise Unexpectedly Pending sales of existing U.S. homes rose modestly in October, bucking Wall Street forecasts, but the decline from a year ago was the third largest on record, a reminder of just how far the housing market has fallen. The National Association of Realtors reported recently that its Pending […]
Christmas
Christmas As we pause to spend a few days with our families during this Christmas Holiday season, we wish you and your family a safe and happy holiday filled with joy and thanksgiving. We’ll be back on Thursday with more real estate news and tips. Thanks for sharing some of your precious […]
Eliminating PMI
Eliminating PMI You have to insure your home. But do you really have to insure that mortgage too? It’s called private mortgage insurance, and according to money expert Stacy Johnson, for many people, it’s expensive and unnecessary. Watch the short video (1:24) and tell us what you think. Leave us your comment […]
What Interest Rate Cuts Mean to You
What Interest Rate Cuts Mean to You When the fed lowers interest rates and gets everyone all excited, what do these lower interest rates really mean to you and me? Homeowners: You could save hundreds of dollars a month if your loan is pegged to Treasury rates, which have fallen considerably thanks to […]
Landlord Lessons
Landlord Lessons According to the National Association of Realtors, last year Americans bought nearly 2 million homes not to live in, but for investment. Will all the new landlords be ready? Money reporter Stacy Johnson has some tips to make sure they are. Have a comment? Leave it below. We will NOT […]
Pay Off Your Mortgage or Invest the Money?
Pay Off Your Mortgage or Invest the Money? As you invest your money, shop for a home or tackle any one of the many financial decisions you have to make over your lifetime, do you sometimes wish you’d paid more attention in math class? Do you find yourself having to "run the numbers" and […]
Home Builders Blaming the Media
Home Builders Blaming the Media According to new figures released recently, U.S. home builders remained pessimistic in November and are now beginning to blame the news media for their woes, worried that the national media’s tendancy to report negative housing stories as if there is one real estate market, when, in fact, there is […]
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