Though much of the news in the mortgage market has been bleak as of late, with the mounting losses and foreclosures, and continuing fallout from the subprime-mortgage lending fiasco, the amount of application for new mortgage applications is on the rise as many try to refinance existing mortgages with lower rates or to get out [...]
Entries from March 29th, 2008
Real Estate Investments Drop
March 29th, 2008 · No Comments · Real Estate
The number of residents buying homes isn’t the only statistic that has seen a sharp decline this year with the ongoing fallout of the credit crisis and subprime mortgage mess; the National Association of Realtors released a report last week that showed fewer people bought homes as investment in 2007. The number of houses bought [...]
Tags:
Foreclosure – The Other F Letter Word
March 24th, 2008 · No Comments · Mortgages
Okay, so foreclosure’s not exactly a four-letter word, but it’s definitely the most dreaded 11-letter F-word for homeowners. Foreclosures are at record highs and that doesn’t mean you have to be a part the statics. There are 3 common reasons homes end in foreclosure and here is how to avoid letting your home become one.
1. You [...]
Tags:
Bank Foreclosures Hurt Real Estate Market
March 21st, 2008 · No Comments · Real Estate
The final quarter of 2007 was a bleak one in the housing market, as foreclosures and delinquency rates reached record highs. The fourth quarter, from October to December, found foreclosures rising to 0.83 percent, passing the previous high of 0.78 percent set in 2007’s third quarter, adding to the economic woes the U.S. is suffering, [...]
Tags:
Lending Debacle Affects Real Estate
March 19th, 2008 · No Comments · Real Estate
The struggling real estate market took another dip this last month, according to the Commerce Department. Housing starts, a measure of new homes being constructed, fell 0.6%, while permits for new construction, an important indicator of future activity, fell more than anticipated, decreasing 7.8% in February to the lowest level in 16 years. The Northeast [...]
Tags:
What the Housing Doctor Ordered
March 18th, 2008 · No Comments · Mortgages
Is the Fed Rate Cut What the Housing Doctor Ordered?
Today, the U.S. Federal Reserve slashed the discount rate by 75 basis points down to 2.25%. But how does the Fed rate cut affect you and your search for a new home? Is the Fed rate cut the miracle elixir to cure the real estate market pain?
When the [...]
Tags:
Federal Reserve and Foreclosures
March 16th, 2008 · No Comments · Real Estate
As the real estate market continues to go through an adjustment period caused by the run up in prices from the early 2000 real estate bubble. The Federal Reserve chairman Ben S. Bernanke said “the government is pledging new regulations to stop predatory mortgage lending practices that are affecting so many families”.
He also added that [...]
Tags: