I found this very interesting so I'm posting it here for all to see:
Mortgage interest rates remained historically low during February, keeping mortgages affordable for those who can still qualify.
January existing homes sales fell to the lowest point in the last twelve months, a disappointing tumble after a 6.5 percent increase in December.
Millions more of American homeowners are expected to fall into foreclosure during the next few years. In some cases, there may be no way to avoid foreclosure. Yet in many other cases, homeowners can avoid foreclosure by talking with their lenders and possibly taking advantage of new federal programs.
Buying a home can be a long, complicated and frightening process, and it is important to be prepared. Knowledge is power when it comes to negotiating the difficult world of home prices, interest rates and mortgage loans. For a first time home buyer, the more information you can gather before you start shopping, the better off you will be.
Learn how to sell your home in the current real estate market. Knowing how to prepare your home for sale, when to allow access for showings, and how you can offer buyer incentives will help you find the right buyer, even in a declining market.
The housing crisis is causing a mess, because of lower home values and massive foreclosures, often blamed on the sub-prime mortgage industry and unethical loan officers. Find out what started the boom, and how that led to the current bust.
Buying a home can be a complex process with many important steps. After finding your dream home, and acceptance of the purchase offer, the appraisal is the next step in becoming a homeowner.
Because of the change in real estate market conditions, more sellers are competing for fewer home buyers. Therefore, it is important to challenge a long-standing "myth" of real estate, that the initial listing price is not that important because it can always be adjusted down later. Find out why making this mistake can prove so costly.
Obama's plan is part of the $275-Bln. stimulus package and includes two main ingredients: helping homeowners refinance and giving incentives to lenders to modify mortgages.
Here's a look at the state of the current housing market as well as the plan Congress is devising to encourage greater economic growth.