By Mike Colpitts The U.S. government is starting to sell-off its massive over-supply of foreclosed homes to investment equity firms at major discounts in a controversial trial program that could result in the future sale of hundreds of thousands of similar homes for pennies on the dollar. The Federal Housing Finance Agency (FHFA) announced the… Continue reading Bulk Government Foreclosure Sales Start
Category: Loans
Foreclosures Increasing on Home Equity Losses
Home equity losses are increasing the number of foreclosures as millions of Americans are becoming upside down in their houses, and more are joining the ranks daily. Being upside down in your house can be a nightmare. More homeowners are finding themselves in this precarious position, and by growing numbers homeowners are walking away from… Continue reading Foreclosures Increasing on Home Equity Losses
Real Estate Investment Pays Off Over Years
Investment real estate has made more millionaires in America than any other form of investing, a survey by Housing Predictor shows. Millions are made in investment real estate. The majority of the wealthiest families in the Nation have made their fortunes investing in real estate. Many start out investing in simple single family homes, parlay… Continue reading Real Estate Investment Pays Off Over Years
Weak U.S. Dollar Gives Foreign Buyers Edge
By Robert Jones With real estate prices in most U.S. cities heading south, many would-be sellers are looking south for their salvation. They’re also looking north, east, and west any place, where there might be buyers with wads of currency that isn’t colored green. The weak dollar may be emboldening foreigners to buy in… Continue reading Weak U.S. Dollar Gives Foreign Buyers Edge
Navigating the New Year
By Brad Risen Economist Happy New Year! It’s 2009, the year that America will go head to head with the U.S. economy like no other since the Great Depression. So enjoy your New Year’s punch now. You’ll need it! I have never been a pessimist. I grew up thinking and being the serial optimist. But… Continue reading Navigating the New Year
Home Mortgages and Refinancing
Mortgage rates have been on their way down after the Fed cut the prime rate to near historic lows in an effort to help stabilize the economy. More than 5-million homeowners are facing re-adjustments in their adjustable rate mortgages nationally in 2009 and 2010, and the drop in home borrowing rates will provide the difference… Continue reading Home Mortgages and Refinancing
Is Now the Right Time to Buy a Condo?
Is it Really Time to Buy a Condo? By Robert Jones Inventories are rising, prices are falling, investors are bailing out, and developers are getting desperate. For someone with a little extra cash, this may look like the perfect time to buy a new-construction condo. After all, youre getting a brand-new building with slick finishes… Continue reading Is Now the Right Time to Buy a Condo?
Record Low Mortgage Rates Trigger Loan Increase
By Mike Colpitts All-time record low mortgage rates triggered a revival in applications for home financing. Both refinances and new home mortgage applications were up for the first time in three weeks as homeowners and home purchasers returned to the market in greater numbers. Applications saw a large pick-up, despite the Labor Day holiday. The… Continue reading Record Low Mortgage Rates Trigger Loan Increase
Sub Prime Loan Damage Limited
Hundreds and perhaps thousands of local real estate markets scattered throughout the U.S. are insulated from the sub-prime loan crisis and as a result are not suffering from fall out of the sub-prime fiasco, according to the latest Housing Predictor study. The sub-prime crisis is revealing itself to pale in comparison to the U.S. Savings… Continue reading Sub Prime Loan Damage Limited
Mortgages Slow Despite Rate Drop
By Ryan Jackson A drop in mortgage rates did little to slow another decline in mortgage applications for the second straight week, according to the Mortgage Bankers Association. Home loan applications fell as interest borrowing rates on the 30-year fixed rate mortgage decreased to an average of 3.80% on fully executed mortgages. The drop in… Continue reading Mortgages Slow Despite Rate Drop