John Mulkey, Housing Guru

Yes, there are some great buys in housing now, but that doesn’t mean that every home with a dramatically reduced price is a bargain. There are several factors one should consider before buying in this or any market; and today, exercising caution and good judgment are more important than ever.   1...

  Unlike retail liquidation sales where prices are regularly “marked-up” prior to discounting, current home prices represent a true sale. If you are in the market to purchase a home and qualify for a loan, the only question you may have is: Have prices reached bottom? And the answer is unequivoca...

Every day the media barrage us with stories about the housing crisis, the financial meltdown, the depth of the recession, the loss of trillions of dollars of investments, and possibility that our economy will sink into a depression. Homes have been lost to foreclosure; life savings have vanished;...