Real Estate Market Bottom Drops The deflationary cycle of housing prices is falling at the fastest rate since the Great Depression, according to the Housing Predictor index. Home prices are dropping at record rates, averaging a loss in the last 12 months of 13.2%, which is worse than the 10.5% drop of 1932, the lowest… Continue reading Home Prices Drop at Record Rates
Category: Sales
Lending on Steroids Triggers Bigger Bust
By Mike Colpitts Editor As the nations real estate crisis worsens beyond what once seemed unimaginable, a new Housing Predictor analysis shows that the crisis will deflate the value of U.S. homes in the majority of the country between 55 and 70% on average from the markets highest peaks. The amount of deflation depends on… Continue reading Lending on Steroids Triggers Bigger Bust
Time to Buy or Rent Housing
By David Wilkening Conventional wisdom has it that rental housing is throwing money away. But is it really in these times? Not necessarily. It depends in part on where you are located, but in many areas of the U.S. rents are being held down by the dramatic overbuilding of homes and condominiums. In hyper overbuilt… Continue reading Time to Buy or Rent Housing
Finding Money in a Short Sale
By Tony Evans If youre a homeowner and want to save your credit and eliminate foreclosure proceedings, selling your home through a short sale just might be the ticket. So turn on your computer printer because youll want to print this column for future reference. See how the BUZZZ is taking care of you! There… Continue reading Finding Money in a Short Sale
Selling Real Estate without Silent Second Mortgages
By Mike Colpitts In these challenging days of selling real estate “silent second” mortgages are making a quiet, some what frightening, most often times illegal comeback. Silent seconds as they are called in real estate parlance are second mortgages, which are not revealed to lenders and can find the user’s behind bars in the local… Continue reading Selling Real Estate without Silent Second Mortgages
Stealing a House in a Short Sale
By Tony Evans Everybody wants to know how to steal a house, and there are plenty of people trying to these days. Say youve missed some mortgage payments and think maybe youll be able to “catch up” later on, but you cant. You call your lender explaining your ‘temporary problem,’ but they cant think of… Continue reading Stealing a House in a Short Sale
Short Sale vs Foreclosure: A Distinct Difference You Should Know
Image from Pixabay When a homeowner is unable to continue making the monthly mortgage payments on their home, they are often faced with the choice of a short sale vs foreclosure. There are several important factors to consider before choosing one option over the other and time is usually a major factor in the availability… Continue reading Short Sale vs Foreclosure: A Distinct Difference You Should Know
2019 Utah Housing Market and Real Estate Predictions
States in the West are expecting some of the strongest 2019 Housing Market activity in the country. The Utah housing market is near the head of the pack. The government-backed mortgage loan company Freddie Mack has named Northern Utah one of the top housing markets in their year-end Multi-indicator Market Index. “Housing markets such as… Continue reading 2019 Utah Housing Market and Real Estate Predictions
2016 North Dakota Real Estate Market Predictions
North Dakota is the 39th state added to the United States in 1889. The state is 70,698 square miles, 19th largest in the country, and located along the United States and Canadian border. North Dakota’s nicknames include the Peace Garden State, the Roughrider State, and the Flickertail State. The landscape is a diverse mixture of… Continue reading 2016 North Dakota Real Estate Market Predictions
2016 Louisiana Real Estate Market Predictions
Louisiana is known by many names: The Pelican State (official), The Bayou State, Child of the Mississippi, The Creole State, Sportsman’s Paradise, The Sugar State, and The Boot. It became the 18th state in 1812. The state’s area is 51,843 square miles, making it the 31st in the nation by size. The eastern border is… Continue reading 2016 Louisiana Real Estate Market Predictions