House Prices hit Rock Bottom

Written on 31 July 2015 by

low.jpgMany are asking why the hell this happened in the first place, the housing market has suffered most from the sub-prime lending money problems. Existing house sales are up a notch but still not as good as it used to perform. People inflate their house prices when selling due to expected haggling during price negotiations. The new housing market is still in a slump and certain areas have almost no house sales due to insurance pullouts as they reel in their lines to cut back on losses. More is expected of the housing market, just hope it’s good rather than bad. Two insurance carriers have already pulled out of Katrina hit areas and even in Tornado alley. What’s next, time will tell. The next posts will bring the latest news and information from the house market from the experts themselves.


The Day of Hearts Can Do More For You

Written on 24 July 2015 by

You may be one of those people who does not really pay attention to Valentine’s Day. Perhaps the flowers, wining and dining, buying of presents, and gushing sweetness is something that does not appeal to you. You may overlook the day because of these reasons. But what if you were told that you could use Valentines as a way to build your home’s market value?

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This is not a ploy to add decimal places to your selling price. It is instead a plan to market your home so that you get the best selling price. Any real estate broker or agent can tell you that one way to make your home more sell-able is by making it appealing. Valentines touches of flowers, scented candles, and pictures of loving couples and family make the home a real and approachable place, enabling possible buyers to envision their lives there. So instead of ignoring the commercial day, make it work for you.


Bailout – Not in a Million Years!

Written on 17 July 2015 by

bail-out.jpgBailout is another example of the Federal Government trying to answer for a mistake somebody else did so everybody just shuts up. Taxpayer dollars are the source of the funds and people are mad about the proposals. Critics say it initiates a practice that may help create a security blanket over the market that crumbles as fast as it was put up. It also encourages others to follow suit after a few years for the government will not allow such an event to happen again. Why should the government have to pay for the mess they have created all by themselves? Good point, for tougher regulation and accountability might be the key in preventing these events from recurring in the future.


Extremely Low House Prices, Call for Extreme Measures

Written on 10 July 2015 by

wealthy2.jpgPeople who have been finding it hard to sell their existing luxury homes for more affordable ones that can keep easily are finding it harder and harder to find prospective buyers. Many have turned to extreme measures for their house selling efforts such as hiring Feng Shui experts to do some adjustments to increase the amount of positive energy entering the home to getting around with fancy nicknames such as Lover’s Paradise, sparkling pool with a view and other outrageous logos just to sell out their home.


Housing market slump may usher in a new recession

Written on 3 July 2015 by

stats.jpgAs if the housing market hasn’t been shaken enough by unstable mortgage interest rates predictions by analysts are showing that the current housing market crisis may usher a new recession in the US. Due to bad loans and shady deals the housing market has been on the rocks for the past year prompting the Federal Government to lower interest rates at least twice this year alone. Worse yet, there seems to be no end in sight in the instability which is expected to take till 2009 for the market to recover.


Vacation homes and Investment Properties – Strong and Steady

Written on 26 June 2015 by

vachme1.jpgThe movement may be slow but the investments and purchases of vacation homes and other luxury properties by foreigners continue to maintain momentum. This is providing just enough juice to prevent the hose sales market wheels from grinding to a complete halt which would mean the loss of hundreds if not millions of jobs in all sectors. A rise of 11 percent from last year’s figures from 21% in 2007 to 33% to this day, it means that the market, in that avenue anyway is still going strong. The typical vacation home buyer was in their late 40′s till early 50′s and that they were investing indeed for their vacationing needs. Bothe foreign and local buyers are still doing shopping in spite of the problems being experienced in local house sales.


Selling to rent, Wise Decision? (Part 1)

Written on 19 June 2015 by

forent.jpgPeople are feeling the crunch of not being able to settle their mortgage and sometimes consider moving to another city or to give up all together the house rather than face foreclosure, but is that the best option for struggling homeowners? Experts disagree for the amount of money spent to pay your mortgage would be almost totally lost and a better option would be to get your mortgage re-financed so you get a better deal rather than become homeless. Moving to another city in a another state may not be to good a choice too for the job you may have now may not hold much promise in your choice of residence.


Federal Assistance

Written on 12 June 2015 by

feds.jpgFederal assistance is being worked out for homeowners, banks and other financial institutions hit by the market slump. The president’s acknowledgment of a need for some fixing for the financial institution is a sure sign of helplessness for the Federal reserve might be at an edge as far as economic stimulus goes. They have interfered several times since last year by injecting much needed funding into the economy. Everybody knows it yet politicians deny it, the US economy is in recession which is reflected by increased jobless statistics, low new house sales and only a little change in the existing house sales market. The economy is hanging on by a thread and the Federal government may have to push harder for reforms to fix and shorten the effects of the financial problems they have been left to fix. The financial industry is left to deal with the mess they created but they are also the worst hit industries so what goes around comes around.


Freddie and Fannie’s Proposed Fix – Flawed

Written on 5 June 2015 by

flawed.jpgNo sooner that the proposal from Freddie and Fannie have hit the Mortgage crisis and after it was hailed to be the next best thing to what had happened to the sub-prime lending industry, experts from all sides are already crying foul even before they have been put in place. Why, the people from the Mortgage Banker’s Association say that the proposed code of conduct they have already made with the federal government is flawed and sketchy at best. The proposed move places Federal agencies to oversee government-sponsored industries is quite difficult and would make already tedious process harder. Lenders are barred from relying on in-house appraisals for those that are done by affiliated businesses. The whole deal would create more haze than clear up the process and many more problems would result from them as previously thought. The problem is that Freddie and Fannie have already signed the deal that is set to go into force this coming year which are only a few months off. They did not consult the industry nor it’s leaders on the move they were going to make and that they acted on their own accord without any representatives of the affected industries. All this to shield appraisers from the pressures of industry which sometimes tries to inflate home values.


Credit System Overhaul

Written on 29 May 2015 by

mortgage.jpgThe economy slowing is not helping either which is barely holding off a new ‘recession’. The government’s spending outside and internally is straining the financial resources of many and frequent rate cuts which the government does to prevent such a disaster from happening cannot go on for too long. The future for the housing market still seems bleak and an end to the problems in the money markets is showing no signs of ending. Revisions to the credit system are being put in place to safeguard the events of late 2007 from ever happening again. As for the end, only time will tell.


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