According to a recent Bloomberg article, the ongoing mortgage fiasco, dubbed foreclosuregate by some, could possibly entangle 9 million foreclosed properties with questions about the legitimacy of their title, the legitimacy of their foreclosure, or both. In response to this debacle, JP Morgan Chase and GMAC/Ally have suspended foreclosures in 23 judicial foreclosure states. Bank […]
Economists Say Home Prices Have Already Hit Bottom
Home prices in the United States found their floor during the early part of 2010 and are expected to begin trending upward next year, according to a panel of elite economists surveyed by the National Association for Business Economics (NABE) for its October 2010 Outlook. “The housing recovery is intact, but tepid overall. Home prices […]
Housing Affordability The Highest in More Than 40 Years
With interest rates continuing to decline to new record lows and home prices being down in most places around the country, a new report from Beacon Economics finds that buying a home is more affordable than it has been in roughly two generations. Using median incomes and home prices, the company said that an average […]
Reasons Why Your Home Isn’t Selling
Home not selling? Do you know why? You may not be able to grasp it fully, but here are some reasons why your home might not have sold and what you can do about it. You’re Overpriced There’s a buyer for every home! Have you heard this saying? Sure, there may be a buyer for […]
Home-Price Outlook Brightens
Housing economists have grown less bearish in their outlook for home prices this year but are becoming gloomier in their views for 2011, according to a new survey. On average, economists expect home prices to fall by 0.8% in 2010, which means they would have to drop by 2.2% during the second half of the […]
Home Resale Fees Sparking Outrage Nationwide
You think the fees are bad when you bounce a check or check a bag at the airport? Well you have haven’t seen anything yet. What do you think about this resale fee when you sell your property? Crazy idea? Good idea? We’d love to hear your thoughts. Just click the comment link below and […]
Houses for Less Than the Price of a Used Car?
Now that the real estate bubble has burst in some markets, you just might be able to find real estate for less than the cost of a used car. Stacy Johnson explains… Have questions or comments? We’d love to hear from you. Just use the ‘comment’ link below to contact us.
How to Sell Your House
You’ve heard it said, the most important three things in real estate are “location, location, location.” That’s not entirely true if you’re trying to sell your home. Instead, the most important aspect when selling your home is PRICE. If you really want to know how to sell your home, the answer is short and simple: […]
Housing Predictions Were Not So Good
Housing Predictions Were Not So Good Every year, so-called “experts” make their predictions for the housing market. As 2009 came to a close, many experts predicted two things over and over again: 1. Home prices would fall in the first half of 2010 2. Mortgage rates would be higher in 2010 Here we are over […]
Which is Better for Home Sellers?
Which is Better for Home Sellers? If you’re trying to sell your home, you may find yourself asking the question, “Which is better, lowering the price of the home, or offering to pay some closing costs?” In short, there is no right or wrong answer to that question, it’s just a matter of which strategy […]
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