Home Foreclosures: How Bad Was 2008? Reports are coming in for 2008, and the consensus is, home foreclosures rose 81 percent over the number of foreclosures in 2007. RealtyTrac.com, a leading foreclosure tracking company, estimated that some 860,000 properties were foreclosed on in 2007. The housing market has been blamed for the sudden drop in […]

Taking the Shock Out of Stocks Diversification is one method of safer investing, but what is diversification and how should you more safely invest? Money Editor Stacy Johnson takes a look in this video… (runs 1:30) Comments? Just use the link below. Your email address, although needed to post, will NEVER be published at our […]

Reality for Homeowners Seems that reality (not realty!) is setting in for many homeowners. More than 57 percent nationwide now believe their own home lost value in 2008. That’s significantly more than the 38 percent who believed their home’s value was declining in the second quarter of last year, according to a newly released survey. […]

Warehouse Deals: 5 Best Buys Buying stuff at a warehouse club is not always the best deal, but there are some items that almost always means savings at the discount warehouse clubs. Money Editor Stacy Johnson explains the 5 best deals in this short (1:35) video… Have any questions or comments about this video? Just […]

Bank Failures: 1 in 8? In an article we posted a few weeks ago here, we asked the question, “How many banks do you guesstimate will fail in 2009?”. Now, RBC Capital is predicting that more than 1,000 U.S. banks, or one in eight lenders, may fail in the next three to five years as […]

Real Estate: An Obama Effect? Will there be an “Obama effect” on the housing and real estate markets? There’s a case to be made that a quickly-enacted economic stimulus package, continued rock-bottom mortgage interest rates, low inflation and improving consumer sentiment could begin to have that effect — at least in small measure. One could […]

Homeowner Associations: What you Need to Know Home Owner Associations, Condominium Associations, and Co-operatives are filing for bankruptcy at staggering rates. As property owners are not able to afford their mortgages, they often elect not to pay their association dues and what they consider less important monetary obligations. As a result, Home Owner Associations and […]

Creating a Budget Everyone hates it, but budgeting makes all the difference when you’re trying to save money. Money Editor Stacy Johnson explains… (video runs 1:34) Did you make a resolution this year to get out of debt or set up a budget?  How are you doing with it now that we’re already over 1/12th […]