house assessment: Foreclousre Rates - Have We Hit Bottom Yet? - 06/29/09 10:07 PM
One way to determine if the state of our economy is improving is by monitoring foreclosure rates. Foreclosure rates across the country vary in different regions.Foreclosures can signal a huge change in the real estate market. While they can be hot deals for buyers looking to purchase large properties at a fraction of their valued cost, the impact foreclosures have on the market overall can be a highly negative one. Foreclosed homes are typically in disrepair and a crumbling mess long before the bank steps in to take over. In addition, selling a home that is highly undervalued will undercut overall … (1 comments)
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house assessment: Smart Real Estate Improvements - Windows - 07/29/08 09:32 PM
There are a number of quick and easy tips and tricks you can do to improve your home. Before you start making changes, however, analyze if the change you want to make will have the impact that you are looking for. After all, sales pitches can sometimes fall short of your reality and knowing what you are getting into beforehand can help you make the right choices for your budget.Changing old single-pane windows to the new double-pane ones can be a smart upgrade for most homes. However, you may hear the enticing statistic that just by changing your old windows to … (0 comments)
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house assessment: The Pain of Closing Costs - 07/21/08 10:42 PM
Closing costs can be one of the trickiest things new home buyers face when purchasing a property. It is the hidden costs and surprise jack-in-the-box that pops up just as your hopes that the purchase is finally complete and have been set in place. Closing costs are the reason that many people turn to alternative methods for selling or buying a home, such as with For Sale By Owner or just listing it on a free advertising space online like Craigslist.While it might seem silly to let your home sale be dependent upon a website like Craigslist, it can be a … (0 comments)
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house assessment: Mortgage Rules and Regulations: More is Needed - 07/18/08 03:25 PM
The Federal Reserve is reviewing the rules and regulations for the mortgage industry. The proposed regulations come after thousands of people have requested a review of the requirements lenders follow when establishing credit for home purchases.
With the revised proposal and a look at revisions in the lending requirements, the Federal Reserve are trying to answer critics who have said that changes needed to be made years ago. Many lending experts have stated that if the Federal Reserve had stepped in when the instable lending situation was being created years ago, the unscrupulous lenders could have been stopped, stifling the real … (0 comments)
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house assessment: Frannie Mae and Freddie Mac are Finding Help - 07/16/08 11:02 PM
In an effort to find more and more assistance with the current real estate problems, Freddie Mac and Fannie Mae are in talks with the Treasury, White House officials and the Federal Reserve. In essence, both Freddie Mac and Fannie Mae are looking for ways to give additional financing for the struggling mortgage companies whose financial problems and ammount of homes in foreclosure are one of the bigger issues in the real estate sector.What is one of the ways that Freddie Mac will help with their money problems? They are scheduled to sell roughly $3 billion in short term notes starting July 14th. … (0 comments)
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house assessment: Swooping In at the Lower Prices - 07/15/08 09:47 PM
Even while the rest of the country is suffering under the deflated economy and woeful real estate market situation, there will always be those individuals who can afford to purchase. And now, with the rock bottom home prices, the time to buy real estate has never been better. Real estate investors are being wooed to purchase more and more properties at a fraction of the cost they would have held during the booming years.One example of the lure of deflated real estate costs can be found in South Florida. Here, home prices have dropped almost 27% in just the last 12 … (0 comments)
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house assessment: Smart Tips for When to Buy a Home - 07/12/08 10:11 PM
Search for any article on real estate lately and you will read a lot of doom and gloom scenarios. While it is true that the real estate market is struggling overall, there are some top tips to consider before you purchase a home, no matter what the rest of the mortgage industry and real estate market is doing overall. Before you sell your home or look to buy a new property, answer the questions below to see if now is the right time for you to purchase.Can you commit? If you can not stay in your new home for at least … (0 comments)
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house assessment: Manhattan Moving - 07/11/08 05:15 PM
While the rest of the country is suffering under the plummeting prices of the real estate market, it seems that Manhattanites have a good reason to feel protected. Although sales are down in this popular and prestigious area of New York, the strong demand for luxury living in the area has maintained the prices. The average Manhattan apartment now costs a remarkable $1.67 million. However, real estate market experts are claiming that these numbers indicate a softer real estate market here.The volume of sales in Manhattan continues to be the same as what it was in previous years. However, the average … (0 comments)
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house assessment: Are Foreclosures Slowing Down? - 07/09/08 07:02 PM
Although nearly 170,000 homeowners were able to avoid foreclosure in the month of May due to the help of alliance leaders, the number of foreclosures still continued to rise. With more and more mortgage assistance groups preventing foreclosures, the hope is that the overall number in troubled homes will drop. However, the foreclosure crisis continues to plague the real estate market and the economy in general.Real estate industry experts are saying that foreclosures will continue to rise well into June 2008. Why? The impact of the mortgages interest rate has been slowly depleting the savings accounts and money from people who … (1 comments)
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house assessment: The Senate Tries to Save the Real Estate Market - 07/08/08 11:46 PM
Although it has been in the works for years, a rescue package for the housing market is finally in the works. Many pieces of the package have been debated by Congress for years, hence the delay, the grouping is now on hand to move towards its completion.
However, due to these uncertain elements, there leaves plenty of room for debate and study when the bill comes up for review to lawmakers. The Senate minority leader Mitch McConnell and the Senate majority leader Harry Reid have come to a general consensus on many of the points in the bill, although this does … (0 comments)
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house assessment: Get More from the House You’re Stuck With - 07/02/08 11:53 PM
You want a bigger and better home. However, with the current housing market the way that it is, you might not be able to sell your house for what you want. There are homeowners that have spent billions of dollars renovating their homes during the better times. Many home investors see their renovations as necessary steps to increased home prices and a higher possibility of faster sales.Why not take that concept and apply that to your home now? Rather than see home improvements as a way to appeal to your future seller, why not use home improvements to make you happier...right … (0 comments)
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house assessment: Will Home Owners Insurance Protect Your Home in a Storm? - 06/30/08 10:21 PM
The news has been filled with stories on environmental disasters lately. As more and more storms roll over the country, citizens in the coastal communities and in the Midwest alike are asking the same question: Is my house safe? And if not, will my home owners insurance cover me for my house value?For most people, their home is their biggest source of financial equity and the biggest part of their portfolio. To lose a home in a vicious storm not only puts the family on the street, it can be financially devastating as well. Many homeowners are overly confident in their … (0 comments)
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house assessment: What to Do about the House Next Door - 06/26/08 10:15 PM
When it comes time to sell your home, curb appeal can be tremendously important. From the start, your home needs to make a solid first impression that will carry the future home buyer into the house on a positive note. Even if your home looks wonderful, however, your neighbors house and the surrounding community can play a role in curb appeal. No matter how much fresh paint or new landscaping dots your front lawn, you will need to worry about your future buyers seeing the eyesore next door.Eyesores are a common problem. Studies have shown that more than 60% of all … (0 comments)
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house assessment: The Right Contractor to Fix My House for Sale - 06/24/08 08:34 PM
Home improvement has become a hot topic and even hotter investment over the years. Many people are adding on and upgrading, educating themselves on the right home improvements and additions that will make their home and financial investment stronger so they can sell their house fast.One of the top tricks to home improvement, however, is labor. From the start of the project to the end result, if you do not have a lot of experience in home construction, the best suggestion is to get the right contractor. If you do have experience in home construction, but will want a helping hand, … (0 comments)
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house assessment: Celebrities That Face Foreclosure - 06/10/08 01:28 PM
Evander Holyfield has recently joined the club of recent celebrities that are facing foreclosure or who have faced foreclosure in the past. His over $10 million dollar home is set to be auctioned off in Fayette County Georgia By Washington Mutual Bank on July 1st.Mr. Holyfield is not alone in the celebrity club to see their home go to the auction block. Here is a list of other celebs who have received the nasty notice in the mail from their lenders.Jose CansecoEd McMahonAretha FranklinLatrell SprewellMickael Jackson - NeverLandWhitney HoustonIt is always amazing to see people who have very large incomes face … (0 comments)
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house assessment: $1.7 Billion Tax Payer Money to Bail Out Foreclosure Crisis - Do You Agree? - 06/09/08 03:20 PM
Currently, there is a bill in Congress that could change the financial futures of 500,000 homeowners. For these individuals who are facing foreclosure, the bill could have significant influence. Since the bill has already passed in the House, chances are good that the bill could go into effect, helping the financial situation of half a million homeowners facing a potential foreclosure.The bill would allow borrowers who were struggling with their monthly mortgage bills to refinance easily. They would be able to see more affordable and more financially stable mortgage choices through the use of federal aid. They would get a mortgage … (1 comments)
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house assessment: Thinking About Buying A Foreclosure? Think Hidden Costs - 06/03/08 11:22 PM
Most real estate investors clap their hands with delight when they see a foreclosure home that is ready to move in. After all, a well-kept foreclosure home can be the deal of the lifetime.Right now, there are a great deal of distressed homes on the market. Foreclosures can be a great deal for homeowners how are looking to buy a house. With the rise of foreclosures on the market, more and more foreclosure opportunities are available for real estate investors and home buyers. With this increase, there are more and more properties that are catching the eyes of investors and property … (0 comments)
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house assessment: 1st Time Home Buyers Can Not Get Financing - 05/30/08 04:15 PM
From mortgages, interest rates and rising foreclosure numbers, a first-time home buyer has a lot more to think about than simply choosing a house he or she loves. Two of the biggest challenges - where to buy and how to get help for your mortgage - are covered in this article. Getting tips and strategies to jump over these initial hurdles can help to ensure that the first-time home buyer not only gets what he or she wants, but also ensures that they can hold onto it for years to come.The first hurdle to tackle will be the mortgage. Before looking … (0 comments)
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house assessment: How Inflation and the Dollar are Hurting Your Chances to Sell Your House - 05/14/08 10:26 AM
Paying a mortgage bill is one of the largest monthly bills the average family faces. When the economy dips into a recession, the mortgage payment can seem increasingly daunting. Our current economic situation couples the recession with increasing gas prices and a falling dollar. What does this mean for your mortgage interest rate, your monthly payments and your house value?Currently, Fannie Mae is allowing some homeowners to refinance their house if they owe more than what their house is actually worth. How could they have gotten into this situation? The answer is interest rates and the decrease in the value of houses. … (0 comments)
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house assessment: Real Estate Bubble Markets and Foreclosures Rates - How To Sell My House - 05/12/08 11:40 AM
It's no surprise that when the real estate bubble burst, the most inflated regions were the ones to suffer the strongest loss. In areas that are buoyed by outside factors like strong industry sectors whose companies did not lay off numerous workers, the bubble burst was hardly a ripple in the market. Other regions immediately suffered the backlash of mortgages given to homeowners who had simply taken on more than they could afford during a mortgage spree that left investors dizzy.Unfortunately, the foreclosure rate continues to climb. We are seeing a 57 percent increase with foreclosures over 2007 numbers. And what's … (0 comments)
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