On top of that, the so called `bargain basement` deals on U.S. properties are long gone, and on average, they are selling at just 20% below.
If you are looking to invest in residential properties, then the time to act is NOW!
Read all the research from NAR here
One of the biggest drags on the housing market in addition to the obvious foreclosure issues that are well documented, are the number of homes that are in a negative equity position.
There are currently 14M homeowners who are underwater on their mortgages but they have work, and are paying...
`Broadly speaking, the shadow inventory continued to shrink in July,` said Anand Nallathambi, president and CEO of CoreLogic. `The reduction is being driven by a variety of resolution approaches. This is yet another hopeful sign that the housing market is slowly healing.`
That`s right...
No, the Senators in Washington are not trying to make the national instrument of Ireland larger, but what has been proprosed is to expand the amount of mortgages that can qualify for the Home Affordable Refinance Program (HARP). They want to extended the deadline backwards toward 2009 from it`s...
Want to fix the housing marketing in the United States, you have to help the people and not just the big banks. That is exactly what is happening here, as this article explains, the Federal Housing Finance Administration has relaxed the requirements on underwater mortgagors to re-finance their...
I just read a very interesting article about the fine line when a town grows and morphs into a city and some of the factors that make a town ` a town.
In a nutshell, how do you think the identity crisis can spill out and affect your real estate investment?
On a high level, if people do not...
News via the Office of the Controller in the United States has published in new report that there are massive amounts of HELOCs (Home Equity Line of Credit) that will soon have to start paying not only interest on their HELOCs, but principal as well. On top of that, the amount of principle to...
If you see the amount of people that we do, you are bound to find people wanting to invest in California, and the huge metropolis of Los Angeles. Well here is something that has made headlines that is not so pretty and something investors in L.A. and anyone looking at foreclosures must be aware...