Archive for 'News'
Reverse Mortgage Supplemental Retirement Financing Strategy
13 August 2008Image Source: www.bestsyndication.com
A reverse mortgage is a loan for senior citizens. It is often used to cover medical expenses, and is becoming a common way for retired persons to supplement their existing monthly retirement income.
This is a loan that senior home owners may take against their current home. You don’t need to pay monthly [...]
New Mortgage Lending Rules
1 July 2008The Federal Government has drafted and is seeking to implement new guidelines to be adopted by mortgage lenders and borrowers alike to prevent similar housing market problems in the future. Some analysts see this as a step too late and that the market is already in a deep state of disrepair even with the new [...]
The Real Estate Business isn’t doing bad!
1 June 2008The National Association of Realtors, in it’s recently concluded annual conference challenged it�s members with an important task this year. The association through its president has announced dismay over the tons of bad publicity the Real Estate business has been getting these past few months due to fluctuating interest rates on mortgages. Many media people [...]
Extremely Low House Prices, Call for Extreme Measures
5 May 2008People 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 [...]
Sale of Vacant homes Hits Record High
29 April 2008The Census Bureau in a report has shown that the volume of vacant houses that are coming up for sale is at a high of 2.9% of all US homes and that figure excludes rental properties. The last highest level was recorded way back 1956 and the figures are sending shivers to homeowners as they [...]
Homes, now cheaper than Ever
25 April 2008If area is taken into account, the current home prices in the US are at the lowest levels in many years and that goes for all the levels of the spectrum. The realty business has relied on the price/square foot metric to avoid the influencing of house sizes on pricing trends.
The prices per square foot [...]
Freddie and Fannie’s Proposed Fix - Flawed
17 April 2008No 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 [...]
Foreclosed Property - Trash It!
13 April 2008Lenders are finding it very hard to recover from the financial crunch and so do the previous owners of houses that have been foreclosed. We have seen this in the past months, that people are turning to desperate measures to assure nobody else benefits form their foreclosed homes. They trash it, some turn to arson [...]
More Banks going… going… GONE
9 April 2008More banks are expected to be affected by the current credit crunch that has stemmed off the sub-prime lending market’s problems. The ever lowering prices of homes (where many banks, national and local have investments in) is proving to tax on them heavily that if no changes occur, they could fall one by one. [...]
Vacation homes and Investment Properties - Strong and Steady
5 April 2008The 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 [...]
