finance: Some Are Less Inclined To Buy A Foreclosure - 12/19/08 08:10 AM
RealtyTrac and trulia just released the results of a new joint study. This study shows that fewer buyers are willing to consider purchasing a foreclosed property than they were seven months ago. Seven months ago, 54 percent of adults surveyed said they would consider purchasing a foreclosed home. In November, only 47 percent of adults say they'd buy a foreclosure.The main issue is perceived risk. With 80 percent of those surveyed citing hidden repair costs, a tricky buying process, and the possibility that the neighborhood will lose more value and drag the property down with it.To compensate for these risks, 75 … (0 comments)

finance: 10 Real Estate Predictions for 2009 - 12/18/08 06:09 AM
2009 will be a year of more challenges and opportunities. Prepare yourself with these predictions from HGTV's FrontDoor.com Web site.
Sellers will continue to face falling home values in the new year because they'll be competing with banks and builders who are slashing prices to sell off the still-huge inventory of foreclosures and new homes. The Obama administration will act on its plan to crack down on abusive lending practices. Mortgage holders in danger of losing their homes will receive more assistance from a variety of programs since the Senate's Joint Economic Committee has predicted two million foreclosures in 2009. Banks' … (0 comments)

finance: Lowering The Mortgage Rates Isn't The Answer - 12/06/08 02:28 PM
The government continues to say that it has to address the problems in the housing market. According to news reports, the Treasury Department is considering a plan to drive down mortgage rates as low as 4.5% to help stimulate the housing market.  "Treasury officials said that the [buydown] plan could be a more effective way to help home owners than focusing solely on borrowers who are struggling to meet their monthly payments," the Washington Post story says. Under the Treasury plan, lenders would sell newly issued mortgage-backed securities to the government provided the interest-rate on the loans collateralizing the securities was … (1 comments)

finance: What is the Subprime Mortgage Crisis? - 01/29/08 06:21 AM
Here are many reports and articles about the subprime mortgage crisis. However, many consumers simply don't understand what it's all about. Why? The news media is too busy creating an atmosphere of crisis to slow down and do a simple explanation.
Click Here for the entire article.
About the AuthorDavid C. Recker is a Top Producing Realtor licensed in North Carolina. Dave works at RE/MAX Point East and serves Edgecombe, Nash, and Wilson counties in North Carolina.
Dave's website, http://www.ncrealestateweb.com/ , is one of North Carolina's top real estate websites and you can read frequently posted Articles and Blogs by Dave … (0 comments)

finance: The Perfect Home, Can You Afford It? - 12/05/07 06:55 AM
Before You LookIt is important that you understand how much you can afford or are willing to pay before you go out and look for a new home. But what do you do before you are ready to speak with a Realtor and/or mortgage professional?
Simply, you can use a mortgage calculator to play with the numbers to get a good idea of affordability based on your specific circumstances.
My website, http://www.ncrealestateweb.com/, offers a "Calculator" for just this purpose. Feel free to use it as often as you like. You will find it in the navigation bar or you can simply Click … (0 comments)

finance: How Much Home Can You Afford? - 09/26/07 06:13 AM
It is important that you understand how much you can afford or are willing to pay before you go out and look for a new home. But what do you do before you are ready to speak with a Realtor and/or mortgage professional?
Simply, you can use a mortgage calculator to play with the numbers to get a good idea of affordability based on your specific circumstances.
My website, http://www.ncrealestateweb.com/, offers a "Calculator" for just this purpose. Feel free to use it as often as you like. You will find it in the navigation bar or you can simply Click Here.
I … (0 comments)

finance: Why Are You Still Renting! - 04/11/07 05:12 PM
For your one-stop resource for North Carolina real Estate visit http://www.ncrealestateweb.com/ .
NCRealEstateWeb.com offers Listings, On-Line MLS Access, Regional Information, Information specific to Buyers and Sellers, Calculators, Home Improvement section and much, much, more. Visit us TODAY!
… (0 comments)

finance: Rocky Mount Residents - How much home can you afford? - 03/28/07 08:11 AM
It is important that you understand how much you can afford or are willing to pay before you go out and look for a new home. But what do you do before you are ready to speak with a Realtor and/or mortgage professional?
Simply, you can use a mortgage calculator to play with the numbers to get a good idea of affordability based on your specific circumstances.
To read this article in its entirety and find links to mortage calculators Click Here.   
… (1 comments)

finance: The 2007 Housing Market - NAR Comments - 03/24/07 07:39 AM
Unusual weather patterns and problems in the subprime lending marketplace are creating challenges in assessing housing market conditions, but a recovery is likely this year, according to the latest forecast by the NATIONAL ASSOCIATION OF REALTORS®. David Lereah, NAR's chief economist, says there's some ambiguity about the current housing market. "Our goal each month is to fine-tune the forecast based on the latest housing data and a variety of economic indicators, but extraordinary weather variations are skewing home sales and clouding the picture," he says. "Underlying trends point to a housing recovery in 2007, but it will take a couple months … (0 comments)

 

David Recker

Rocky Mount, NC

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Connect Realty - http://www.NCRealEstateWeb.com

Address: 923 Eastern Ave., Nashville, NC, 27856

Office Phone: (252) 442-2687

Cell Phone: (252) 467-3185

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Commentary, market information, and general musings on topics effecting the Greater Rocky Mount, North Carolina and surrounding areas. Published by David C. Recker, Associate Broker, RE/MAX Classic Realty


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