real estate market: Short Sales Spreading Like Wildfire - 10/01/09 02:00 PM
Not so long ago, few consumers had ever heard of a short sale. However, now the term is spreading like wildfire and leaving a lot of frustration along its path. Today, when you mention the term "short sale", real estate agents and homeowners alike tend to roll their eyes.
The term short sale can be defined as selling a property for less than the amount owed on the mortgage. This strategy has recently exploded in popularity as an exit for those homeowners who are financially strapped. A short sale doesn't hurt one's credit report as much as a foreclosure would. However, … (1 comments)
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real estate market: Signs of an Economic Rebound - 05/07/09 11:49 AM
Could we really be on the verge of a recovery or is this a false spring? Well, so far, evidence points at an imminent recovery. There has been a lot of talk about an economic rebound and glimmers of hope. Yet, there are still the "doom and gloom" talkers who warn about a false spring. Therefore, I thought it would be a good idea to list some positive signs of economic rebound in my blog.
Here are some positive signs you should look for in an economic rebound:
1. Consumer Confidence - As of now, the consumer confidence index shows a … (0 comments)
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real estate market: Short Sales in Today’s Real Estate Market - 03/26/09 11:05 AM
For many homeowners, short sales can be an important option for sellers in today's real estate market. Especially for homeowners who are trying to avoid foreclosure. Therefore, in today's real estate market, finding the right real estate professional that understands the importance of a short sale can be of great benefit to today's sellers.
There are advantages to offering short sales. The biggest advantage is that it can help distressed homeowners avoid foreclosure. This is very important since foreclosures can hurt your credit so badly. A foreclosure will stay on your credit history forever and it will affect your credit score … (0 comments)
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real estate market: The Upside of the Downside Reports - 07/24/08 11:25 PM
The financial reports this week were not the most glowing but if the truth is told things are not as bad as people fear. The economy is weak.The upside is that the economy is definitely in a slow growth phase but it is growing albeit slowly. The economy is not at a standstill and it is not in a recession. Corporate profits are still near-record levels at $1.5 trillion. Banks are reporting losses.The upside: The Financial sector of the economy is still fairly strong although not making the profits they made a year ago. Profits still totaled over $19 billion after adjustments for … (0 comments)
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real estate market: Happy In Havasu - Happy Real Estate News - 07/10/08 08:07 PM
Real estate sales are up in Lake Havasu City - This makes sellers very happy. Home sales have picked up in the last few months. In May, 124 homes closed escrow. This more than doubles those that closed in January 2008.
Real estate prices are down in Lake Havasu City - This makes buyers very happy. Lake Havasu City is experiencing a Price Correction Market and an over-supply of homes for sale. The current market is all in the buyer's favor.
FHA has raised loan limits to $322,500 (single-family residence) - This makes buyers very happy. FHA's First-Time Buyers Program has temporarily … (0 comments)
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